Would you like to receive notifications on latest updates of the following headlines?

Nigeria's Mining Future: Stakeholders stress importance of joint efforts, data centralization

POSTED ON February 18, 2025 •   Business      BY Abiodun Saheed Omodara
Picture illustration of Mining

ABUJA,Nigeria (NAN)- Stakeholders in Nigeria's mining sector have urged for enhanced cooperation among various agencies, sectors, and institutions to promote the industry's development. 

This plea was voiced on Monday in Abuja during a pre-conference panel discussion at the 60th Nigerian Mining and Geosciences Society (NMGS) Annual International Conference and Exhibition (AICE), whose theme is “Transformation of the Mineral, Energy, Water, and Construction Sectors through Innovations.”

During the discussion,  Olusegun Adedayo stressed the need for Nigeria to improve local collaborations in order to compete on a global scale within the mining industry, especially with the increasing worldwide demand for energy minerals.

Adedayo, who serves as an advisor on mining policy and strategy, pointed out that attracting investors requires precise information on Nigeria’s mineral reserves, which can only be accomplished through collaboration.

He highlighted vital cooperation areas such as research, funding, geoscience data collection, and the prioritization of certain minerals for development.

 “There is a strong call for everyone to work together, pool resources, conduct research, and concentrate on specific minerals. We shouldn’t spread ourselves too thin. Academics should focus on research, geologists on exploration, and investors on funding. We need to cultivate the sector comprehensively,” he stated.

Adedayo also noted the challenge posed by limited geoscience data, explaining that while such data is available, it is scattered among various agencies.

He insisted that it should be centralized in a single repository for better access for both local and international investors. “Everyone claims there’s insufficient geoscience data, but the reality is that this data is stored in silos. If all information from the Nigerian Geological Survey Agency and other practitioners were consolidated in one location, we would have more data at our disposal. We must direct our attention towards technology, research, and investment; we cannot rely on others to do this for us,” he added.

Another panelist, Aisha Gombe, underscored the significance of collaboration between training institutions, particularly between geology and civil engineering departments. She observed that numerous Nigerian geology departments lack engineering geology laboratories, which exist in civil engineering departments and could be utilized for joint initiatives.

Gombe, an expert in engineering and geo-environmental practices, also highlighted the need for partnership between the Council for the Regulation of Engineering in Nigeria and the Council of Nigerian Mining Engineers and Geoscientists.

She stressed that such collaboration is vital for ensuring professionalism, safety, and efficiency in the mining and related fields.

During his address, the National President of the Miners Association of Nigeria (MAN), Dele Ayankele, lamented the absence of sustainable policies in the sector, which he identified as a major factor hindering growth. Ayankele remarked that a Federal Government think tank committee established in 2016 to create a roadmap for sector reform had yet to see its recommendations put into action.

He further emphasized the necessity for sustainable policies to attract both local and international investors, in addition to technological advancements that would facilitate investment and mobilize essential funding for the sector.

According to the report, the conference is scheduled to take place from February 16 to 21, featuring discussions on sub-themes such as “Resource Management and Value Addition in the Minerals and Mining Sector” and “Managing Emerging Realities in the Nigerian Oil and Gas Sector.” The significance of geoscience in agriculture and food security will also be addressed.

READ ALSO
FG announces strategic partnerships to address housing deficit, drive economic Growth
BY Abiodun Saheed Omodara February 19, 2025 0

The federal government has announced new land administration initiatives and is partnering with the...

READ ALSO
Shettima unveils initiative to boost MSME Growth with affordable loan facilities
BY Abiodun Saheed Omodara February 19, 2025 0

ABUJA,Nigeria (NAN) - The Federal Government, in collaboration with the Central Bank of Nigeria, has...

READ ALSO
Nigeria's Mining Future: Stakeholders stress importance of joint efforts, data centralization
BY Abiodun Saheed Omodara February 18, 2025 0

ABUJA,Nigeria (NAN)- Stakeholders in Nigeria's mining sector have urged for enhanced cooperation amo...

READ ALSO
UBA donates $500,000 to strengthen peace, stability across Africa
BY Abiodun Saheed Omodara February 18, 2025 0

The United Bank for Africa (UBA) Plc has showcased its dedication to promoting peace and stability t...

READ ALSO
Investors face setback as NGX records N72.51bn loss
BY Abiodun Saheed Omodara February 18, 2025 0

Trading on the Nigerian Exchange Ltd. (NGX) ended on a negative note, with investors experiencing a...

READ ALSO
Airtel adjusts Data pricing amid economic challenges
BY Abiodun Saheed Omodara February 18, 2025 0

Airtel Nigeria, recognized as the second-largest telecommunications operator in the nation, has made...

READ ALSO
FG advocate open visa system to facilitate Nigerian business expansion
BY Abiodun Saheed Omodara February 17, 2025 0

ABUJA, Nigeria (NAN)- The Minister of Information and National Orientation, Alhaji Mohammed Idris, h...

READ ALSO
JPSNC confirms investigation into January salary discrepancies amid worker concerns
BY Abiodun Saheed Omodara February 17, 2025 0

ABUJA, Nigeria (NAN) - The Joint Public Service Negotiating Council (JPSNC) has reassured federal em...

OUR CHANNELS:

NERC unveils revised order to combat electricity theft, meter tampering
BY Abiodun Saheed Omodara February 20, 2025 0

The Nigerian Electricity Regulatory Commission (NERC) has launched a revised order designed to minim...


Shettima unveils initiative to boost MSME Growth with affordable loan facilities
BY Abiodun Saheed Omodara February 20, 2025 0

ABUJA,Nigeria (NAN) - The Federal Government, in collaboration with the Central Bank of Nigeria, has...


Tinubu  shows commitment to environmental protection
BY Abiodun Saheed Omodara February 20, 2025 0

President Bola Tinubu has committed to intensifying his efforts in protecting the environment and pr...


NDLEA's new base in Adamawa aims to fortify drug law enforcement
BY Abiodun Saheed Omodara February 20, 2025 0

The federal government has officially opened the first barracks for the National Drug Law Enforcemen...


Lagos assembly members applaud LIRS's commitment to transparent Tax administration
BY Abiodun Saheed Omodara February 20, 2025 0

Members of the Lagos State House of Assembly have praised the Lagos State Internal Revenue Service (...


Over 18 passengers escape death in Canada plane crash
BY Abiodun Saheed Omodara February 20, 2025 0

At least 18 passengers on board a crashed Delta Airlines regional jet have survived death after the...


Atiku blames Tinubu for Osun APC, PDP clashes
BY Abiodun Saheed Omodara February 20, 2025 0

Worried by the number of casualities recorded during the face-off between members of the Peoples Dem...


I’m a madman, portable justify delay in responding to police invitation
BY Abiodun Saheed Omodara February 20, 2025 0

Hours after the Ogun Police Command declared controversial singer, Habeeb Okikiola, popularly called...


Nigeria's Mining Future: Stakeholders stress importance of joint efforts, data centralization
BY Abiodun Saheed Omodara February 18, 2025 0

ABUJA,Nigeria (NAN)- Stakeholders in Nigeria's mining sector have urged for enhanced cooperation amo...


EU Congratulates João Lourenço on AU Chairmanship
BY Abiodun Saheed Omodara February 18, 2025 0

The European Union (EU) has extended its congratulations to Angola's President, João Louren&c...


More Articles

Load more...

Menu