The Federal Government has emphasized the need for Africa to reduce its dependence on exporting unprocessed minerals.
‎The Minister of Solid Minerals Development and Chairman of the African Minerals Strategy Group (AMSG), Dr. Dele Alake made the remarks during his keynote address at the African Mining Week in Cape Town
‎Dr Alake urged the continent to transform into a global hub for mineral processing, innovation, and sustainable industrialisation,
‎He noted that the shift was crucial for strengthening economic resilience and promoting technological improvement across the region.
‎The minister stated that minerals had powered industrialisation elsewhere while African economies remained under-industrialised, adding that the paradox must end.
‎Dr Alake highlighted the nation’s aggressive reforms in the mining sector, which includes incentivising local processing, from gold refining to lithium beneficiation, among others
‎The Minister further said Nigeria aimed to become a $1 trillion economy by 2030, with mining as a key driver.
News edited by Favour Owonibi