The Minister of Solid Minerals Development, Dr. Oladele Alake, has reiterated the need for long-term capital market financing as a critical lever to unlock Nigeria’s vast solid minerals potential. He also called for structured investments to revitalise the sector that currently contributes less than one percent to national Gross Domestic Product (GDP), despite the country’s abundant mineral wealth.
Speaking through his Senior Adviser on Mining and Policy, Amira Adamu Waziri, at a webinar jointly organised by the National Association of Securities Dealers, over-the-counter (NASD OTC) Securities Exchange and the Solid Minerals Development Fund (SMDF), the Minister outlined a strategic vision anchored on private-sector-led growth, investor confidence, and robust stakeholder engagement.
The session, themed, “Unlocking Nigeria’s Solid Minerals Potentials Through the Capital Market,” brought together key players from the mining, finance, and policy sectors to explore sustainable financing models and institutional mechanisms to support Nigeria’s underperforming mining industry.