Connect with us


Solid minerals will boost Nigeria’s economy by 50% – Dele Alake



Mr. Dele Alake, Nigeria’s Minister of Solid Minerals, has announced ambitious plans to boost the country’s economy by at least 50%. 

He disclosed that his ministry is determined to attract Foreign Direct Investment (FDI) to Nigeria.

His initiative revolves around a comprehensive seven-point agenda: 

In a document seen by ThePressNG, the seven-point agenda includes the creation of the Nigerian Solid Minerals Corporation, Joint Ventures with Mining Multinationals, Big Data on specific seven priority minerals and their deposits, 30-day grace for illegal miners to join artisanal cooperatives. 

Others are the Mines Surveillance Task Force and Mine Police, a Comprehensive review of all mining licenses and the creation of six (6) Mineral Processing Centres to focus on Value-Added products. 

What he said 

Mr Alake said,  

On the creation of the Nigerian Solid Minerals Corporation, the Minister said: