The Minister of Solid Minerals, Dr. Oladele Henry Alake, has highlighted measures being undertaken by his ministry to raise revenue accruable to the federal government in the mining sector, underscoring the significance of the capital market as critical pillar in the journey toward a sustainable mining sector.
In his speech at the National Association of Securities Dealers Over-The-Counter market in Nigeria
–SMDF Webinar on “Unlocking Nigeria’s Solid Minerals Potentials Through The Capital Market”, on Wednesday, the Minister said despite being blessed with an extraordinary endowment of solid mineral resources—over 44 commercially viable minerals, ranging from gold and lithium to tin, lead-zinc, barite, and rare earth elements, the sector currently contributes less than 1% to national GDP.