In a move poised to reshape Nigeria’s mining landscape, the Ministry of Solid Minerals Development unveiled the Nigerian Minerals Resource Decision Support System (NMDSS) on Tuesday, May 14, 2024.
This pioneering technology marks a significant milestone in the industry’s development, offering a powerful tool for investors, policymakers, and other stakeholders to make informed decisions and drive growth.”
Dr. Oladele Alake, Minister of Solid Minerals Development, addressed a distinguished audience comprising key stakeholders and international investors, underscoring the pivotal role of the occasion within President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Highlighting the NMDSS’s importance to economic growth and development, Dr. Alake emphasized its alignment with the administration’s objectives.
He stressed the necessity of international competitiveness and attracting foreign direct investment to propel Nigeria’s mining sector forward.
Describing the NMDSS as a game changer, Dr. Alake hailed it as the most investor-friendly tool ever introduced to the industry.
The system, he explained, revolutionizes investment prospecting by providing easy access to crucial data on geology, hydrology, and urban geography of mining sites, thereby eliminating the need for costly physical visits.
Dr. Alake elaborated on the software’s features, emphasizing its role in streamlining business processes and easing investor concerns such as labor availability, water sources, and transportation infrastructure.
He expressed confidence that the NMDSS would showcase the administration’s commitment to investment promotion and accelerate business setup in the mining sector.
In a goodwill message, Dr. Olubunmi Tunji-Ojo, Minister of Interior, expressed profound gratitude to President Bola Ahmed Tinubu for his steadfast dedication to the Solid Minerals sector.
He commended the President’s decisive actions and bold reforms, citing them as evidence of genuine commitment to economic diversification.
Dr. Tunji-Ojo underscored the unprecedented significance of President Tinubu’s recognition of Solid Minerals as a cornerstone of diversification, expressing confidence in Nigeria’s ability to replicate the successes of countries like Saudi Arabia.
He pledged the Ministry of Interior’s full support for the initiative and urged stakeholders to seize the moment for prospective investments.
Earlier, Engr. Salim Salam welcomed attendees and highlighted the event’s historic significance in realizing President Tinubu’s agenda.
He praised the strides made in addressing sectoral challenges, particularly in geoscience data generation, and expressed optimism for a vibrant and diversified Nigerian economy anchored by a robust Solid Minerals sector.
