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‘FG Should Drive Solid Minerals’ Growth’

The Association of Metal Exporters of Nigeria has called on the Federal Government to provide an enabling environment for the development of the solid minerals sector through public-private partnerships.
It said the country could generate at least N5tn annually from mining and exporting of its vast solid mineral deposits, with several multiplier effects on job creation and social infrastructure, which could make the solid minerals sector a major catalyst for national development.
The metal exporters, in a forum in Lagos, revealed that metallic solid minerals were the most exported solid minerals from Nigeria.
The association, which comprises various companies in the business of metal export, commended the focus of the Minister of Solid Minerals, Mr. Kayode Fayemi, and expressed its readiness to partner the government in the development of the nation’s solid minerals sector.
The President of the association, Mr. Seun Olatunji, said there was the need for synergy between government agencies and private operators to unlock the values in solid minerals sector.
He noted that with not less than 38 viable solid mineral deposits in sustainable export quantity in Nigeria, the solid minerals sector had the potential to generate not less than N5tn annually once the government put in place necessary frameworks.
He pointed out that the solid minerals industry could serve as the much-needed solution to unemployment as the development of the value chain from mining to export can create more than five million jobs.
“We are glad that the current government is serious about solid minerals and diversification of the economy. Government should come up with policies that will enable Nigerians to benefit optimally from the country natural resources,” Olatunji said.
The Vice President of the association, Mr. Bamidele Ayemibo, underscored the need for government to consider viable public-private partnership options to develop basic infrastructure for the sector.
The General Secretary, AMEN, Mrs. Kemi Ayo-Ogunkeye, added that standard-setting would bring values to Nigerian businesses and Nigeria as a whole.

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