The Minister of Solid Minerals, Dele Alake, has secured funding for a study facility aimed at developing a comprehensive roadmap for Nigeria’s critical minerals value chain, from extraction to beneficiation.
The Minister made the announcement on his X page on Wednesday, revealing that the funding was secured during the prestigious Mining Indaba event in Cape Town, South Africa.
Alake emphasised that the initiative will be supported by the Global Council for Critical Minerals, a specialized body within Sustainable Energy for All, a United Nations agency dedicated to advancing the Agenda for Sustainable Development.
He said the collaboration is expected to boost Nigeria’s position in the global mining sector while driving sustainable growth and development.
READ ALSO: NASS rejects N9bn capital budget for mining sector
“While discussing this initiative with Mr Divyam Nagpal, the Principal Specialist in Renewable Energy at Sustainable Energy for All, I thanked him for their support and highlighted how it will enhance Nigeria’s solar power policy.
“I also reviewed the progress made by President Bola Tinubu’s administration in the mining sector, assuring them that the investment climate in Nigeria is positive and welcoming”, Alake said.
Furthermore, he emphasised that if investors could operate in an unrestricted environment, their profit margins would increase, enabling them to meet their obligations to the government, including paying royalties.
