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Miners Association Partners PWC, Vuka Group To Host Conference November 1st

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Miners Association of Nigeria (MAN) in collaboration with PwC Nigeria and The Vuka Group, has announced November 1-3, 2022 as date for the Nigeria Mining Week in Abuja.
The event which is making a return to in-person presence after two years of digital connection occasioned by the Covid pandemic is scheduled to hold at the Abuja International Conference Centre.
The mining week presents the entire mining value chain an opportunity to reconnect face-to-face and explore the many exciting opportunities that the mining sector of this West African powerhouse offers and while the progress that has been made thus far to kick-start the country’s mining sector will be showcased.
Olamilekan Adegbite, Minister of Mines and Steel Development, said that the Nigerian mining sector is ready for investment and development,, adding that the results are speaking for themselves with exciting new iron ore, bitumen and barite projects that are in active development or already up and running.
According to Adegbite, now is the best time to invest in the country, noting that Nigeria offers many incentives for would-be mining investors, including 100 percent ownership, tax holidays and duty free import of equipment.
The event proudly hosted by the Ministry of Mines and Steel Development has been a committed promoter of what is widely regarded as the best next investment destination for mining houses and investors.
The Abuja government, in particular, has been putting all its political will and weight behind the promotion of the sector and the event to gather investors, mining houses, thought-leaders, innovators and disruptors.

Adegbite further said in a recent, exclusive interview with Mining Review Africa, the premier media partner of Nigeria Mining Week, that Nigeria have a lot of greenfields and brownfields.
“It’s easier and cheaper to mine in Nigeria because a lot of the minerals have been untapped and are very close to the surface. Therefore, the cost is a lot cheaper”.he said.

The ministry has also been marketing the data on the minerals in Nigeria, obtained through the NIMEP project (National Integrated Mineral Exploration Project). “And now we’re beginning to get some good results on that. There is a lot of interest, people are coming to Nigeria. Just last year, a British firm made an investment of $50 million”.

The ministry has also initiated several programmes for the many artisanal miners in the country to identify them, encourage them to join cooperatives, provide free training on better mining methods and reclamation, as well as inexpensive funding to buy modern equipment. “There are a lot of incentives, and we’re getting good results”, says the minister, “at the last count, we registered 400 cooperatives of these artisanal miners working in different areas in Nigeria”.

The acting President of the Miners Association of Nigeria (MAN), one of the official organisers of what will be the 7th edition of Nigeria Mining Week, Musa Muhammad, agrees that the country’s mining industry has made important strides forward, both for investors, mining houses and the people making a living off the nation’s valuable and varied mineral resources.

This positive progress includes:
– Appreciable increase in sectoral contributions to the GDP;
– Increased interest of foreign investors due to the verifiable geological data being generated by the National Integrated Mineral Exploration Project (NIMEP), of the Nigeria Geological Survey Agency;
– Digitalization of mineral titles administration by the Mining Cadastre Office;
– Development of cluster buying centres across the geopolitical zones; and
– Standardization of Nigerian barite to meet global specifications.

According to MAN’s Muhammad: “While not ascribing the glory of these developments entirely to the direct outcomes of the annual Nigeria Mining Week, the various conversations and communiques emanating from this platform, and similar others, have been incubating the ideas for policy formulation and actions birthing these developments”.

He adds: “We hope this partnership, under the leadership of the Ministry of Mines and Steel Development, will continue to blossom, so that we will bequeath to our nation, an economic platform that we all can be proud of”.

Nigeria Mining Week is an annual event and online platform for all the mining stakeholders and influencers in the public and private sector wanting to do business in Nigeria. Established seven years ago.

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