Nigeria broke new ground in the global mining industry on Monday, becoming the chair of the newest mining pressure group, the Africa Minerals Strategy Group.
Nigeria’s Minister of Solid Minerals Development, Dele Alake, was unanimously elected the pioneer chairperson of the group.
Speaking at the signing of the resolution, Alake charged African leaders to forge a common front to get maximum benefits from the mineral resources on the continent.
The event which was held on the sidelines of the 30th edition of Investing in Africa Indaba, Cape Town, South Africa, was attended by ministers of mineral development of Uganda, Democratic Republic of Congo (DRC), Sierra Leone, Somalia, South Sudan, Chad, Botswana, Zambia and Namibia.
More than 15 countries have pledged support, with the list expected to grow as the AMSG under Nigeria’s leadership swings into action.
Alake stressed that the era of carting away solid minerals is over, charging countries on the continent to speak with one voice on value addition as a prerequisite for investment in the mining sector.
” Today, there is an economic scramble for Africa. The critical metals needed for the energy transition are in Africa. Therefore, if we do not come together this time around and take our destinies into our own hands, we will go through the same harrowing experiences of the past. That is why we formed this body.
” Let those who want our minerals know that if you go to country A, you have the same regulations and laws guiding the sector. You go to country B, you find the same. So, there is no divide and rule anymore. That is when we can show sincerity of purpose, and the world will begin to take Africa seriously. On behalf of our president, I pledge our full support to achieve our objectives, “the Minister asserted.
Segun Tomori
Special Assistant on Media
to the Minister of Solid Minerals Development.
6th February, 2024.
