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    Home » Nigeria pledges support for private sector mining investments

    Nigeria pledges support for private sector mining investments

    December 22, 2024
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    *Dr Dele Alake

    Mkpoikana Udoma

    Port Harcourt — The Nigerian government has reiterated its commitment to supporting private sector investments in the mining industry, as it celebrated the first in-country ultra-modern mineral analysis laboratory owned by African Natural Resources and Mines Limited, ANRML.
    The Minister of Solid Minerals Development, Dr Dele Alake, made the commitment while inaugurating the facility emphasising that the government will continue to back investments that contribute to economic growth and job creation.
    The newly launched lab, an internationally certified facility, according to the Minister will reduce Nigeria’s reliance on foreign mineral testing and strengthen the country’s position in the global mining industry.
    Alake highlighted that the lab would not only enhance the capacity for local mineral analysis but also drive innovation in the mining sector
     “We are committed to fostering investments that will generate employment, particularly for the youth.The development of this lab marks a new chapter for the mining sector in Nigeria, and it is a testament to the potential of private-public partnerships.
    “For far too long, Nigeria has relied on sending mineral samples abroad for analysis. This lab will change that, enabling us to test and certify our minerals right here in Nigeria,” he said.
    Alongside the lab, ANRML operates an iron ore mining and processing plant, marking a significant step towards modernising the mining sector.
    Alake,:who praised the company’s efforts, said: “ANRML’s investment is a clear example of how the private sector can drive meaningful change in the country. The government is here to support such initiatives that boost local production and create employment opportunities.”
    Alake further urged the company to sustain its investments, noting that the government will ensure continued support for projects that generate employment and contribute to the sustainable development of Nigeria’s mining sector.
    “We are looking at the long-term benefits of such investments, not just in terms of economic returns, but also in the creation of opportunities for Nigerians. The future of mining in Nigeria is bright, and together, we will continue to unlock its full potential,” he added

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