The Federal Government has reiterated its commitment to strengthening the nation’s economy through strategic global mining partnerships.
This was disclosed in a statement issued in Abuja on Sunday by Mr. Mohammed Manga, Director of Information and Public Relations at the Ministry of Finance.
According to the statement, Dr. Doris Uzoka-Anite, Minister of State for Finance, outlined this vision during her presentation at the Future Minerals Forum (FMF) held in Riyadh, Saudi Arabia.
She highlighted Nigeria’s vast resource wealth and the government’s readiness to collaborate with international partners to drive economic growth, promote investment, and encourage innovation to establish the country as a leader in the global minerals and energy landscape.
“With our rich resource base and a renewed focus on innovation, sustainability, and investment, we are positioning Nigeria as a leader in the global minerals and energy landscape.”
We invite global investors to partner with us as we unlock the immense opportunities in these sectors,” she stated.
The minister reaffirmed that these efforts reflect the Federal Government’s determination to revitalize the economy and strengthen economic ties with global stakeholders, including Saudi Arabia.
The Nigeria Mining Cadastre Office (NMCO) disclosed that it has issued approximately 7,000 mining licenses, yet fewer than 1,000 mines are active.
He revealed that the ministry proposed over N531 billion for capital expenditure in the 2025 budget, but only N9 billion was allocated.