eleventh Nigeria mining summit to unlock funding, consolidate on partnerships

The eleventh version of Nigeria Mining Week on the theme: ‘Unlocking Investment and Growth through Partnership’ opened in Abuja Tuesday October 13 with members calling for sustained collaboration in the direction of creating the sector.

Although low keyed, it had key companions just like the Miners Association of Nigeria, Ministry of Solid Minerals Development, NEITI, PWD and others in attendance.

Declaring this yr’s summit open, Oba Ayandele Ayanlake who can be the president, Miners Association of Nigeria, mentioned the theme for this version displays a conviction the affiliation held through the years.

He mentioned, “The strength of our sector lies in collaboration. Our partnership with the Federal Ministry of Solid Minerals Development with investors, with sponsors and with industry stakeholders has been instrumental in shaping policy, improving operational standards and building trust in the sector.”

He mentioned the miners affiliation stays an umbrella physique for people and organisations engaged throughout the Nigeria mineral worth chain spanning exploration, mining, quarrying and associated companies.

He famous additional that: “During this version, we might have interaction additional in initiatives that promote funding, improve security, assist artisanal and small scale miners and drive compliance with international finest practices.

“Over the past 10 years, Nigerian Mining Week has led the conversations that have shaped the growth of Nigeria’s solid mineral sector. It has served as the place where innovative ideas are incubated, where emerging global technologies and methodologies are introduced to our operators and where national milestones in regulatory oversight are launched.”

On his half, a frontrunner with PWC, one other companion, Cyril Azobu famous that through the years, there have been encouraging indicators of progress and rising worldwide curiosity in Nigeria’s essential mineral alternatives.

“The just lately signed essential minerals framework between Nigeria and the United States is a well timed instance of the partnerships that may join Nigeria’s mineral potential with the funding, know-how and experience wanted to develop it.

“PWC Nigeria would continue to play an active role in supporting the development of Nigeria’s mining industry. We are proud of our continued partnership with the Ministry of Solid Minerals Development and the Miners Association of Nigeria in organising this forum.”

The mixture of native information and international trade expertise, he mentioned, allows PWC to assist the partnerships and enterprise choices wanted to unlock values throughout the mining sector.

There have been goodwill messages from  Ambassador Anna Westerholm, Head of Mission, Embassy of Sweden to Nigeria and the nation director of Segilola Resources Austin Menegbo, a number one indigenous mining firm in Nigeria who disclosed that because the firm started operation in Nigeria in 2021, its affect within the space of gold extraction is 347,425 ounce with 98 p.c Nigerian workforce and 27 p.c from host communities.

The two-day occasion ends on Wednesday October 14.