Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks

    June 19, 2026

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    June 19, 2026

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    June 19, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks
    • XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone
    • Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases
    • BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn
    • OPEC Estimates 23% Global Energy Demand Growth
    • Nigeria’s Debt Office to Reopen N1.2trn Bonds for Subscription
    • Excess Liquidity Expands by 37% as Banks Lock N5trn in SDF
    • South African Rand Steady as SARB Hawkish Tone Softens
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, June 19
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FG Expresses Commitment to Reposition Minerals, Metals Sector for Development

    FG Expresses Commitment to Reposition Minerals, Metals Sector for Development

    Marketforces AfricaBy Marketforces AfricaJanuary 13, 2024Updated:January 13, 2024 News No Comments3 Mins Read
    FG Expresses Commitment to Reposition Minerals, Metals Sector for Development
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG Expresses Commitment to Reposition Minerals, Metals Sector for Development

    The Federal Government has expressed the commitment to reposition minerals and metals sector to enhance socio-economy development in the country.

    A statement by Mr Alaba Balogun, Deputy Director, Information and Public Relations, Ministry of Solid Mineral Development, on Friday in Abuja, said the move would also transform the sector.

    Balogun said that stakeholders in the minerals and metals sector would gather in Ilorin, Kwara State, to address key thematic areas that will enhance the repositioning of the sector.

    He said that the efforts would bring a rapid socio-economic growth and development of the country.

    He said that the meeting was scheduled for 15th to 17th of Jan. 2024.

    “The theme of the 5th Edition of the National Council on Mining and Mineral Resources Development (NCMMRD), is titled: ”Minerals and Metals Sector: A Panacea for Economic Growth and Diversity”.

    “The programme is being organised by the Ministries of Solid Minerals Development and Steel Development.

    “Dele Alake, Minister of Solid Minerals Development, will address the council and other relevant stakeholders in the Minerals and Metals sector,” he said.

    According to him, It is pertinent to state that during the previous edition of the NCMMRD, a total of 31 memoranda were considered.

    “The recommendations approved by this council involved mandating state governments to appoint and inaugurate Mineral Resources and Environmental Management Committee Chairmen (MIREMCO) in all 36 states and the FCT.

    “Adequate sensitisation and training of artisanal miners on areas such as safe and responsible mining and environmental sustainability should be sustained.

    “Expedite action on the case submitted to the Ministry of Justice regarding multiple licencing and taxation in mining by state and local governments, to be brought for interpretation,” he said.

    Balogun said that other recommendation approved included to sensitise and enlighten mining host communities and other stakeholders.

    He said that the sensitisation was to ensure mutual harmony, to forestall illegal mining and free up spaces for genuine investors.

    He said that under the thematic structure of the council, were sub-themes, which the ministry have called for submission of memoranda by stakeholders.

    He said that the memoranda were not more than five pages in both soft and hard copies on the topics which involved curbing the menace of Illegal mining operations in Nigeria.

    He said that the memoranda also include community development and inclusiveness in the Nigerian minerals and metals sector, prospects and problems. Naira Rises by 19% as Forex Market Pressures Ease

    “Also, Technological Innovation, A Pivotal Game Changer for the Minerals and Metals Industry, Lithium as Energy Transition Minerals in Nigeria: Prospects and Challenges, among others,” he said.

    “It is worthwhile to reiterate that the minister has asserted at various fora that the minerals sector is the next petroleum of Nigeria.

    “Also, with global transition from fossil fuel to green energy and a vowed determination of President Bola Ahmed Tinubu to diversify the economy and uplift millions of Nigerians out of poverty level.

    Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn

    OPEC Estimates 23% Global Energy Demand Growth

    Nigeria’s Debt Office to Reopen N1.2trn Bonds for Subscription

    Add A Comment

    Comments are closed.

    Editors Picks

    Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks

    June 19, 2026

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    June 19, 2026

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    June 19, 2026

    BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn

    June 19, 2026

    OPEC Estimates 23% Global Energy Demand Growth

    June 19, 2026
    Latest Posts

    Emerging Market Sovereigns’ Use of Total Return Swaps Raises Risks

    June 19, 2026

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    June 19, 2026

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    June 19, 2026

    BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn

    June 19, 2026

    OPEC Estimates 23% Global Energy Demand Growth

    June 19, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.