As the federal government is working towards economic diversification, stakeholders in the solid minerals development have expressed support for the $10 trillion solid minerals sector investment target in Nigeria.<\/p>\n
The stakeholders said President Bola Ahmed Tinubu\u2019s vision for the sector and the patriotic zeal of the Minister of Solid Minerals Development, Dr. Dele Alake, had repositioned the sector.<\/p>\n
Nigeria\u2019s solid minerals deposit and value chain is worth over $10 trillion, and that, if fully explored, could overtake oil revenue and create millions of jobs for our teeming youth.<\/p>\n
This was made known by Alhaji Mohammed Abba Liman, who spoke on behalf of the Nigerian delegates from both public and private sectors that participated in the third edition of Saudi Arabia\u2019s Future Minerals Forum (FMF) held in Riyadh from January 9 to 11, 2024.<\/p>\n
Saudi Arabian Minister of Industry and Mineral Resources, Bandar AlKhorayef, hosted the FMF event.<\/p>\n
Liman, business man with big stakes in the mining sector, said that, \u201cThe forum which brought together over 80 countries with solid minerals deposit, was a huge platform where Nigeria showcased its massive economic and investment opportunities in the solid minerals sector, government\u2019s strategic plan and where government wooed foreign investors and partners into our market, which is the biggest in Africa\u201d, he said.<\/p>\n
The delegates commended the minister, Dr. Alake, \u201cfor making Nigeria proud with his vision and articulation of government\u2019s strategic plan which targets local and global investment market at Riyadh for the huge deposit of solid minerals in the country\u201d.<\/p>\n
Liman described the minister as a \u201cvisionary and result-driven manager who has successfully put Nigeria on the global map of solid minerals investment market thereby attracting investors coming to Nigeria to invest huge amount of money in our economy.<\/p>\n
\u201cThe minister has transformed and repositioned the solid minerals sector within a short period of time. He understands the sector so well, he has been mobilising local and international stakeholders and partners for this purpose and we are so happy and proud of him.\u201d<\/p>\n
He added that it was high time solid minerals became the mainstay of Nigeria\u2019s economy, noting that, revenue generated from lithium deposit in Nigeria alone can overtake oil.<\/p>\n
\u201cAll vehicles using fuel can convert to using e-battery produced with lithium. Just imagine the benefits of that alone to our economy, not to talk about gold, leads, tin, iron ore, name them,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
As the federal government is working towards economic diversification, stakeholders in the solid minerals development have expressed support for the<\/p>\n","protected":false},"author":1,"featured_media":4468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-5382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-from-the-grassroots"],"_links":{"self":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/5382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/comments?post=5382"}],"version-history":[{"count":1,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/5382\/revisions"}],"predecessor-version":[{"id":5383,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/5382\/revisions\/5383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media\/4468"}],"wp:attachment":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media?parent=5382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/categories?post=5382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/tags?post=5382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}