Nigeria Invites Global Investment in Mining Through Advanced Geo-Data Platforms

Nigeria’s Solid Minerals Development Minister, Dele Alake, has urged global investors to utilize the country’s advanced geo-data digital platforms to explore its rich mineral resources. During the Mines & Money Conference, Alake introduced key resources such as the NMRDSS and EMC+, emphasizing Nigeria’s commitment to transparency and efficiency in its mining sector. He encouraged partnerships to unlock the country’s vast mineral potential, particularly in critical minerals.

Dele Alake, Nigeria’s Solid Minerals Development Minister, has called for global investments in the country’s mining sector by promoting its advanced geo-data digital platforms. Addressing CEOs at the Mines & Money Conference in the United Kingdom, Alake emphasized Nigeria’s commitment to utilizing digital technology to facilitate transparency and ease of business for potential investors. He introduced three key web platforms—Nigerian Mineral Decision Support System (NMRDSS), Electronic Mining Cadastral (EMC+), and the National Geo-Data Centre—as vital resources for informed investment decisions.

The NMRDSS functions as a web application that provides read-only access to geo-scientific and geo-economic data, allowing users to evaluate mineral locations effectively. Minister Alake highlighted, “By providing publicly available data about the geology and mineral wealth of Nigeria, this dynamic resource enables investors to explore the environment of their chosen mineral occurrences.” The EMC+ is designed to manage mineral titles efficiently throughout their lifecycle, simplifying the process for investors to obtain necessary data for their applications.

Alake reassured attendees that under President Bola Tinubu’s administration, efforts will be intensified to gather more geological data to enhance the utility of these platforms. He further commended African geoscientists for developing a coding system to certify geological research reports, underscoring the importance of quality data.

The minister pointed out Nigeria’s position in the global supply chain for critical minerals, such as lithium and rare earth elements, attributing it to recent exploration activities. He stated, “The deliberate investment in accurate geoscientific data has positioned Nigeria as a key player in the global transition to a green economy.” Alake encouraged partnerships with major mining firms to unlock Nigeria’s extensive mineral resources and reiterated, “Our doors are open to partnerships, and we invite you to join us on this transformative journey.”

Nigeria is increasingly positioning itself as an attractive destination for global mining investments, bolstered by advancements in digital technology that enhance the accessibility of geological data. The Solid Minerals Development Minister, Dele Alake, is at the forefront of these efforts, advocating for the country’s rich mineral resources and the technological platforms that make investment more transparent and efficient. The recent Mines & Money Conference provided a platform for Alake to present Nigeria’s potential to international mining executives, highlighting strategic initiatives to manage and leverage the country’s mineral wealth effectively.

In conclusion, Nigeria is actively seeking global investment in its mining sector through innovative geo-data platforms that enhance transparency and accessibility. Minister Dele Alake’s initiative to foster partnerships and promote the country’s mineral wealth underscores a commitment to diversifying the economy and integrating into the global transition towards sustainable mining practices. The introduction of advanced digital tools and ongoing geological research positions Nigeria as a promising player in the international mining arena.

Original Source: punchng.com