Thumbs up for plans to develop Nigeria mining

GOLD mining NigeriaFrom EMEKA OKONKWO in Abuja, Nigeria

ABUJA, (CAJ News) – STAKEHOLDERS, including government, have endorsed plans to develop Nigeria ’s mining industry.

The endorsement of such plans follows the conclusion of the fourth Sustainability in the Extractive Industries (SITEI) conference in Abuja.

The event was a convergence of national leaders, public sector officials, industry captains from the private sector, and civil societyrepresentatives.Sponsors of the event included Shell, Chevron, Zone 4 Energy, Petrolex, Blue Bridge Mineral Resources, Zenera Consulting andPricewaterhouseCoopers (PwC).

Nigerian Extractive Industries Transparency Initiative (NEITI) Acting Executive Secretary, Dr Orji Ogbonnaya Orji, said it was important topursue an inclusive collaborative effort that will shift attention to unlock the potential in the solid minerals sector.He went further to advocate for an inter-agency collaboration between legislature, civil society, companies and the government to deliver better governance and reform for the extractive sector.

Chief Executive and Founder of CSR-in-Action and Convener of the epoch event, Bekeme Masade, said she was looking ahead to the tangible outcomes of the conference which are expected to make maximum impact on the Nigerian economy.

“The working group is the most critical aspect of SITEI. As with every conference, the tangible actionable outcomes form the basis of engagement to achieve tangible results between now and the next conference, and we are more than ready to hit the ground running,” Masade said.

CSR-in-Action, NEITI and PwC will be co-chairing a SITEI working group to drive advocacy for matters that will lead to Nigeria sustainably acquiring the estimated annual $100 billion opportunity.

The Ministry of Solid Minerals pledged to support the activities of the group. Amos Gagar, Director of PwC, said the process had painstakingly captured the views of speakers and delegates.A working group will be immediately set up to synthesize the recommendations and propagate key actionable solutions.

“We eagerly look forward to presenting a progress report at the conference next year,” said Gagar.

Over the years, SITEI has provided a platform for progressive thinkers and thought leaders to discuss pertinent issues that affect the extractive industries in Nigeria and ultimately, the economy.The initiatives come amid concern the country’s mineral wealth is untapped.There has been an over-reliance on oil, whose prices are fluctuating in the international markets.

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Posted by on Nov 24 2015. Filed under Africa & World, Featured, Finance, Mining, Mining & Engineering, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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