From: Bamidele Fashube
The Minister of Mines and Steel Development, Architect Olamilekan Adegbite, says about 2,000 participants from all over the world will join Nigeria’s annual mining week celebration.
Adegbite who made the disclosure at a briefing said the country seeks to attract big formal sector mining companies.
According to him, this became imperative as the ministry plans to increase the mining sector’s contribution to the nation’s Gross Domestic Product, GDP, by 5% in 2025.
He lamented that in the 1950s the mining sector contributed about 12 percent of the country’s GDP but was now neglected.
As a result, he said the government plans to use the forthcoming annual mining week, as a tool to kick-start the process of bringing back the glorious days of mining and put Nigeria back on the mining map of the world.
“This year, we are hoping to have 2,000 participants from all over the word that will join us. We are looking forward to attracting big formal sector mining companies into Nigeria,” he added.
On his part, the President, Miners’ Association of Nigeria, Alhaji Sani Shehu, said the annual gathering is aimed at providing support for the development of the local workforce and the mechanization of the industry and at facilitating the dialogue between private and public sectors across the value chain, to boost the future of mining in Nigeria through collaboration and partnerships.
He noted that the fifth edition of the Nigeria Mining Week, which will take place in a digital format, for the first time, will drive vital revenues for suppliers and mining operators, so important to all stakeholders at this time