By: Kazeem Biriowo
The Minister of Mines and Steel Development, Arc Olamilekan Adegbite, on Monday, said Nigeria can effectively address its huge infrastructure deficit by sourcing and utilizing our domestic raw material inputs from the mining industry.
He said minerals constitute a large portion of the inputs used in the production of mobile phones, laptops, ICT gadgets, batteries, solar panels.
Adegbite stated this in his keynote address at the Nigerian Economic Summit Group webinar on with the theme, ‘New Normal – Opportunities for the Nigerian Mining Industry’.
According to him, there was a need for local industries to stop importation of many inputs that are readily available in the mining industry.
He said:”Although Covid-19 has had an impact on the battery and electronics market in the short term, the recovery projections are most likely positive in the medium term. Regardless of the pandemic and looming global and national economic crisis, Nigeria cannot afford to overlook the opportunities in the global and domestic mining industry.”
The Minister who focused on two cardinal areas including ‘Preparing for the Opportunities Through Mining Sector Reforms; and Integration of States in Nigeria’s Mining Sector Development said, countries like Ghana, Mali, Burkina Faso have become attractive mining jurisdictions.
” A few others have become highly industrialized nations after they leveraged their mining industries such as Australia, Canada, Finland, and Sweden,”he said.
He stressed the need for the country to harness the immense opportunities associated with the mining industry saying:”There is no doubt that the mining industry is going to become more important to the future of the world which is moving towards digitization and automation.”