By Arabinrin Aderonke Ogunleye-Bello
Africa has a wealth of solid minerals and a diverse range of natural resources, including diamonds, gold, iron, cobalt, uranium, copper, bauxite, silver, and oil. Nigeria holds a position as a hub for solid minerals within the continent.
According to the United Nations, Africa is home to approximately 30% of the world’s mineral reserves, 12% of global oil reserves, and 8% of natural gas reserves.
African leaders have strategically appointed ministers to oversee the management of solid minerals and mining. This allocation aims to optimize resource utilization for positive outcomes, such as boosting exports, strengthening national revenue and GDP (Gross domestic product), and ensuring equitable benefits for Africans and the global community.
Nigeria has been a trailblazer in the global mining industry, exemplified by its leadership in the Africa Minerals Strategy Group. Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, emerged as the pioneer chairman of this group, showcasing his capability and impact since his appointment.
Dr. Alake’s recent appointment as the head of African Mining Ministers’ groups further solidifies Nigeria’s prominence in the sector. His impressive track record, marked by strategic partnerships, signed memoranda of understanding, and innovative initiatives, positions him as a deserving leader.
Under President Bola Tinubu’s administration, the mining industry in Nigeria is witnessing a renewed sense of hope. Dr. Alake’s commitment to the sector was also emphasized during a meeting where he advocated for a unified voice on value addition, emphasizing its importance for attracting investments.
Since assuming office, Dr. Alake has been proactive in addressing challenges. He has commenced a process of establishing a mining police force, engaged consultants to tackle leakages, automated revenue collection processes, and revoked illegal licenses.
Despite challenges in Nigeria, his efforts signal a promising future for solid minerals and mining in the country and across Africa. Dr. Alake’s approach positions the solid minerals sector in Nigeria for a promising era, emphasizing its role as a cornerstone for economic development. READ ALSO:
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One thing is sure, better days lie ahead for solid minerals and mining in Africa under his leadership.
_Arabinrin Aderonke, an award-winning investigative journalist, served as a member of the media and publicity committee/contact and mobilisation committees of the Presidential Campaign Council 2023, and representative of the president-elect in the Presidential Transition Council 2023. A gender, peace, and good governance advocate. She writes from Abuja and be reached via Aderonkeogunleye@gmail.com_
