The Miners Association of Nigeria has identified insecurity around mining corridors and regulatory confusion between the Federal Government and subnational authorities as major obstacles to attracting investments into the country’s solid minerals sector.
The association’s President, Oba Ayandele Ayanleke, said Nigeria needs to address the challenges to give investors the confidence to commit capital to mining projects.
He spoke on Tuesday at the opening of the 11th Nigeria Mining Week in Abuja, where industry stakeholders called for stronger partnerships, predictable regulations, safer mining operations and local processing of minerals to unlock the sector’s economic potential.
Ayanleke said bringing local and international stakeholders together would encourage the exchange of ideas, technology and investment needed to develop the industry and diversify the economy.
“When you say coming together of different stakeholders, not only within Nigeria but from outside, you see that there will be a convergence of ideas, convergence of technologies, convergence
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