Tag: Minister of Solid Minerals Development
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Nigeria, France Sign MOU On Critical Minerals
Nigeria and France have agreed to develop joint projects to promote and diversify the critical minerals value chain in the solid minerals sector of both countries. Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential to clean energy technologies. In the Memorandum of Understanding (MOU) signed by both countries on the sidelines…
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Alake Urges Mining CEOs to Spearhead Development Bank for Sector Growth
The Minister of Solid Minerals Development, Dr. Dele Alake, has called on Chief Executive Officers (CEOs) of mining companies to take the lead in establishing a mining development bank to secure long-term financing essential for the sustainable growth of Nigeria’s mining sector. Speaking at a CEO Roundtable during the 2024 Nigeria Mining Week, Dr. Alake…
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FG Vows to Enforce Insurance Policy for Mine Workers, Enhance Safety Measures
The federal government has reaffirmed its commitment to enforcing insurance policies for mine workers in Nigeria, following the recent mine pit collapse in Galadima Kogo, Shiroro Local Government Area. Representing President Bola Ahmed Tinubu, Dr. Dele Alake, Minister of Solid Minerals Development, conveyed the President’s sympathies to the Niger State Governor, Hon. Umar Bago, and…
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FG Cracks Down on Illegal Mining, 10 Trucks Seized, Suspects Arrested
In a bold move to tackle illegal mining activities, the Federal Government has seized 10 trucks and charged suspects for illegal possession and transportation of minerals. This crackdown is part of the Honourable Minister of Solid Minerals’ 7-point agenda to revitalize and sanitize the mining sector. Reports indicate that Mining Marshals from the Nigeria Security…
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FG Launches Nigerian Minerals Resource Decision Support System (NMDSS) to Drive Economic Growth
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…
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FG Announces Plans to Revise Mining License Fees to Boost Sector Revitalization
“ The Federal Government, through the Ministry of Solid Minerals Development, has announced plans to revise the rates of mining licenses and associated fees paid by mining operators across Nigeria. This move aims to enhance the government’s capacity to revitalize the mining sector effectively. During a consultative meeting with stakeholders in the mining industry, Minister…
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Federal Government to Host Strategic Retreat to Address Mining Industry Challenges
The Federal Government has announced plans to organize a strategic retreat aimed at addressing the lingering issues in the mining industry, particularly the coordination between federal and state governments. This initiative was revealed by the Minister of Solid Minerals Development, Dr. Oladele Alake, following discussions with AbdulRahman AbdulRazaq, Chairman of the Nigerian Governors Forum and…
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Nigeria Woos International Mining Giants with Reforms , Incentives
The Minister of Solid Minerals Development, Dr. Dele Alake, has reiterated Nigeria’s enthusiasm for attracting global mining heavyweights, citing ongoing reforms and efforts to boost sector efficiency. During a meeting with Glencore’s Group CEO, Mr. Gary Nagle, Dr. Alake showcased Nigeria’s wealth of critical minerals like Lithium, gold, zinc, and nickel, highlighting their soaring global…
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Nigeria Poised to Become Africa’s Mining Investment Hub, Says Alake
In a virtual address to the Nigeria-Australia Investment Roundtable, Minister of Solid Minerals Development, Dr. Dele Alake, showcased Nigeria’s potential as Africa’s prime mining investment hub. He highlighted the government’s commitment to creating a business-friendly environment, combating illegal mining, and enhancing security around mining areas. Dr. Alake announced the establishment of the elite “Mining Marshals”…