The Minister of Stable Minerals Improvement, Dr Dele Alake has warned that no mining license could be issued to potential traders with out requisite plans for worth addition on minerals.
Alake gave the warning in an announcement by his Particular Assistant on Media, Segun Tomori on Tuesday.
He mentioned the Federal Authorities had resolved to make sure compliance earlier than allowing traders to function.
He mentioned that his Seven -Level Agenda for the ministry had positioned the mining sector on international entrance burner since assuming workplace, which had generated renewed curiosity from the worldwide neighborhood in Nigeria’s mineral assets.
He mentioned the help of the chief and the legislature had enabled the ministry to showcase the stable minerals sector globally, leading to his election because the Chairman of the Africa Minerals Technique Group (AMSG) on the Future Minerals Discussion board in Riyadh, Saudi Arabia.
Based on him, with the pact that led to the formation of the AMSG, there may be now unity of function on the African continent relating to the problem of native worth addition.
“We’re not going to permit anyone or license any firm that wishes to enter the mineral sector with out giving us a plan for native worth addition, like processing, refining and this has a multiplier impact on the financial system.
“It immediately generates employment reasonably than a couple of folks carting away lithium, gold, and the likes to different international locations to promote.
“These minerals should now be processed in Nigeria, creating extra worth and beneficiation for native communities the place they’re sourced, ” he mentioned.
The Information Company of Nigeria (NAN) studies that the minister had earlier obtained members of the Home Committee on Stable Minerals who have been on oversight go to to his workplace.
The minister counseled the lawmakers for his or her help in repositioning the mining sector, stressing that boosting the financial profile of Nigeria required joint activity by each the chief and legislature.
He acknowledged the numerous contribution of sub-nationals to mining growth, emphasising that state chairmen of Mineral Assets and Environmental Administration Committee (MIREMCO) and 5 committee members have been nominated by state governments.
