The Minister of Solid Mineral Development, Dele Alake driving growth and development in the sector.

In a bold move to secure Nigeria’s economic future, the National Assembly has decisively rejected the proposed N9 billion capital budget for the Nigeria’s mining sector in 2025. This groundbreaking decision underscores the commitment of the Joint National Assembly Committee on Solid Minerals to reshape Nigeria’s economic landscape by making solid minerals a cornerstone of national prosperity.

Leading the charge, Ekong Sampson, chairman of the Joint Senate and House of Representatives Committee on Solid Minerals, highlighted the urgent need for substantial investments in exploration, infrastructure, and innovative technologies to unlock the full potential of the Nigeria’s mining sector. “This budget allocation is a drop in the ocean compared to the vast opportunities that lie in our rich mineral deposits. We must act now to harness these resources for future generations,” he asserted.

Echoing this sentiment, Gaza Gbefwi, co-chairman and House Committee chairman on Solid Minerals, emphasized the critical role of the mining sector in diversifying Nigeria’s revenue streams. “Underfunding the mining sector will stifle its growth and prevent us from realizing the immense economic benefits it can offer beyond the oil sector. This is a call to action for all stakeholders to rally for a more robust investment,” Gbefwi stated passionately.

The committee’s resolution to reject the proposed budget and invite key ministers to advocate for a substantial upward review highlights the strategic importance of the mining sector in Nigeria’s economic diversification efforts. With Nigeria boasting vast reserves of critical minerals essential for global industries, the time to act is now. Let’s invest in our future, capitalize on our natural wealth, and make Nigeria a global mining powerhouse!

Join the movement and be part of the transformation. Together, we can pave the way for a prosperous and sustainable future for Nigeria.

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