President Bola Tinubu recently assigned portfolios to ministers as part of efforts to drive his ‘Renewed Hope’ agenda for Nigerians.into two: the Ministry of Steel Development and the Ministry of Solid Minerals Development.
According to the roadmap, “Should Nigeria successfully implement the proposed recommendations, growth is expected to return to the sector through new exploration activity, operations and production from active mining, functional processing and refining capacity, and higher value-addition in exports. The net outcome will be the creation of thousands of direct jobs and potentially hundreds of thousands of indirect jobs.
Also, barite has a lot of industrial uses, but it is mainly used as a drilling fluid in the oil and gas industry in Nigeria. As the world shifts focus away from fossil fuel to renewable energy, the demand for baryte is expected to reduce. If Mr Alake is desirous of developing Nigeria’s solid minerals sector, he must ensure the judicious use of the SMDF.The President of Women in Mining in Nigeria, Janet Adeyemi, told PREMIUM TIMES she expects the new minister to cut costs by diverting funds proposed to attend international conferences to establish pilot projects nationwide. She also urged the minister to promote indigenous conferences instead, support NGOs and make international conferences private sector-led.
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