FG To Invest In Critical Data To Woo Investors

By Georgina Humphrey

Solid Minerals Development Minister, Dr. Oladele Alake says the Tinubu administration will invest massively in critical data to make it easier to attract investors to the sector.

Dr. Alake stated this while addressing the Mining Ministers Forum at the China Mining Week in Tianji, China.

Dr Alake said the government is currently engaging artisanal miners to join co-ooeratives to widen access to training, extension services, machinery and credit.

He assured investors of an enabling industrial environment with a tight security architecture to combat threats and protect miners.

The Minister noted that the era of interference by sub- regional authorities in the sector is over, stressing that the present administration has developed cordial relations between the federal and state governments as the ministry recently hosted the governors’ forum to resolve pertinent issues.

He advised prospective investors to include the industrial processing of minerals in their business plans as a new regime of compulsory value addition as investment condition will soon be in place.

Edited By Grace Namiji