Minister of Mines and Steel Development, Musa Sada, disclosed in Abuja on Wednesday that the Federal Government is considering scaling up exploration activities in the mining sector to fast-track local industrial raw material production.
Sada, while inaugurating the board of the Nigerian Geological Survey Agency (NGSA) chaired by Eze Duru Iheoma, said this would serve as a catalyst for growth of local manufacturing and import substitution.
He emphasised that the NGSA has a major role to play in the development of the sector as most investors rely on data and other information provided by the agency to make investment decisions.
According to him, “Overall, the strategic vision is to transform Nigeria solid minerals and metals sector into a catalyst for domestic growth that provides employment to our teeming youth through primary and downstream activities and contribute significantly to the revenue generation capacity of the nation.
The role of NGSA in achieving the vision outcomes of this strategy cannot be over emphasised as they have to provide the foundation blocks for this transformation”.
The Minister explained that most tiles used in the country are being manufactured in Nigeria, expressing the hope that just as the “country has risen from an importer of cement to net exporter, this can also be achieved in the tiles and paints sub-sector”.
He said government would continue to create the enabling environment for private sector participation in the mining sector, and task members of the new board to lead the way in ensuring that reliable data are provided to investors.
Information from Daily Independent was used in this report.