Nigeria showcases mining reforms, seeks global partnerships at OECD Forum
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called for stronger global collaboration to drive responsible mining and support the energy transition, declaring that the future of global prosperity depends on decisive action in the mining sector.
Speaking at the Organisation for Economic Cooperation and Development (OECD) Forum in Paris, France, Dr. Alake highlighted the urgent need for sustainable practices in mining as the world pivots toward greener energy. “Let us embrace this opportunity—not just to discuss change, but to drive it,” he told delegates.
The minister emphasized that smart site selection, optimized operations, responsible processing, and environmental stewardship were essential for building a resilient mining ecosystem. He positioned Nigeria as a leading reformer on the continent, pointing to recent progress and investor-friendly incentives aimed at transforming the sector.
“In Q1 2025 alone, Nigeria generated N6.96 billion in mining license fees, formalized over 1,200 artisanal cooperatives, and registered 118 private mineral buying centers,” Alake said. “Our Mining Cadastral Office processed nearly 1,000 title applications to fast-track development.”
He added that Nigeria’s reforms—ranging from tax holidays to accelerated capital allowances—are designed to encourage local processing and strengthen infrastructure to support growth.
Dr. Alake also emphasized Africa’s strategic role in the global supply of critical minerals like lithium, cobalt, copper, and tantalum, advocating for a shift from raw material exports to value-added production. As Chair of the Africa Mineral Strategy Group (AMSG), he noted efforts to unify the continent’s agenda for responsible, inclusive growth.
Calling for multi-stakeholder cooperation, he reaffirmed Nigeria’s commitment to building ethical, transparent mineral supply chains. “Nigeria is ready to work with global partners to promote responsible sourcing, encourage beneficiation, and deliver long-term economic value,” Alake concluded.
