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Nigeria chairs African Mining Ministers’ forum for common front, mutual benefits

Dr. Oladele Alake, Honourable Minister for Solid Minerals Development (3rd from left) at the Forum in South Africa Photo: State House

*Dr. Oladele Alake, Minister for Solid Minerals Development and pioneer Chairman of the Africa Minerals Strategy Group, charges leaders to forge a common front for maximum benefits from the mineral resources on  the African continent

Isola Moses | ConsumerConnect

Ngeria broke new grounds in the global mining industry Monday, February 5, 2024, as the West African country clinched the chairmanship of the Africa Minerals Strategy Group, the newest mining pressure group.

Interestingly, the group unanimously elected Dr. Oladele Alake, Nigeria’s Honourable Minister for Solid Minerals Development, as the pioneer Chairman.

Segun Tomori, Special Assistant to the Minister on Media, in a statement, noted Dr. Alake, while speaking at the signing of the resolution, charged African leaders to forge a common front to get maximum benefits from the mineral resources on the continent.

The statement disclosed the event, which held on the sidelines of the 30th Edition of Investing in Africa Indaba, Cape Town, South Africa, was also attended by Ministers of Minerals Development of Uganda, Democratic Republic of Congo (DRC), Sierra Leone, Somalia, South Sudan, Chad, Botswana, Zambia and Namibia.

“More than 15 countries have pledged support,  with the list expected to grow as the AMSG under Nigeria’s leadership swings into action,” stated Tomori.

The media aide also said Alake stressed the era of carting away solid minerals is over, as he urged African countries to speak with one voice on value addition as a prerequisite for investment in the mining sector on the continent.

The Minister further stated: “Today, there is economic scramble for Africa. The critical metals needed for the energy transition are in Africa. “Therefore, if we do not come together this time around and  take our destinies in our hands, we will go through the same harrowing experiences of the past. That is why we formed this body .”

It is recalled that Nigeria and Uganda, January 2024, had rallied African Ministers of Solid Minerals/Mineral Resources on the sidelines of the Future Minerals Forum (FMF) in Riyadh Saudi Arabia, on the need to unite and champion value addition in the mining sector to boost the economy of African countries.

Alake as well said: “Let those who want our minerals know that if you go to country A, you have the same regulations and laws guiding the sector.

“You go to country B, you find the same. So, there is no divide and rule anymore.”

He stated: “That is when we can show sincerity of purpose, and the world will begin to take Africa seriously.

“On behalf of our president , I pledge our full support to achieve our objectives.”

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