The Nigerian economy is being diversified and the mining sector in Nigeria is being reinvigorated to ensure that the sector contributes substantial revenues and job creation in Nigeria within a decade. At a breakfast hosted by BLP and Nigerian firm Ajumogobia & Okeke‎, Hon. Dr. Kayode Fayemi, Minister of Solid Minerals, Nigeria outlined his plans for developing the sector.

‎The Minister held up the Nigerian limestone industry as an example of what is possible as the industry transformation has taken Nigeria from a net importer of cement products to an exporter. The Minister set out his vision to see Nigeria do the same across a range of industrial minerals.

The Minister highlighted the importance of changing the perception of Nigeria as a mining destination to inspire confidence and attract investors.‎ As part of this his ministry will be enforcing licence terms and publishing a list of licences which are not compliant or are at risk. His ministry are also working to resolve the tensions between land ownership, a state matter, and mining title, a federal issue.

One of the immediate priorities for his ministry is to provide access to data for investors, to encourage investment and this is most advanced for bitumen. ‎

The minister left everyone with a firm understanding of his commitment and passion to develop Nigeria as Africa’s Next Mining power.