President Bola Tinubu has reassured sincere companies looking to invest in Nigeria that his administration is committed to fostering an environment that would allow sincere companies to prosper.
This was stated by Tinubu during the inauguration of the second Africa Natural Resources and Energy Summit (AFNIS) in Abuja, where he was represented by Sen. George Akume, Secretary to the Government of the Federation.
The government’s announcement that it would no longer put up with criminal exploits and their accomplices warmed him.
He claims that by resisting the urge to meddle in the lawful operations of properly licenced miners, the government will make every effort to reduce investment risks.
“Dear investors, we are committed to establishing the right environment for sincere businesspeople.
“We extend a warm welcome to you and will make every effort to support law-abiding companies doing business in our nation.
“Yet, we will no longer put up with criminal endeavours and their local allies who take advantage of our socioeconomic environment to undermine our country under the pretence of attracting business.
He declared, “Those found out will suffer the full fury of our laws.”
According to the president, there was also a chance to showcase new technologies and have innovative ideas discussed at the AFNIS event.
“We do not intend to “re-invent the wheel” in our nation.
“Our goal is to utilise technological progress to bring our solid minerals up to par with global standards,” he stated.
He urged geologists and all other experts in the sector to put on their thinking caps and position Nigeria as an African center of knowledge, industry, and manufacturing for the extraction, production, and export of solid minerals.
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Speaking as well, Mr. Dele Alake, Minister of Solid Minerals Development, stated that Nigeria has seen firsthand the sector’s transformative potential.
Alake announced the government’s reaffirmed pledge to efficiently utilise the resources for the good of all Nigerians.
“In Nigeria, we have seen firsthand the enormous opportunity and transformative potential of our solid minerals sector.
“We are dedicated to utilising these resources in an effective, efficient, and sustainable manner in order to promote economic expansion and bring wealth to our people.
“Investment, exploration, and responsible mining practises have taken centre stage as a result of our efforts in this direction, which have already produced positive results,” Alake stated.
He claims that a significant change is also occurring in the global energy scene.
According to him, the fight against climate change requires us to shift towards greener, more sustainable energy sources, which in turn reduces the carbon footprint of our industrial operations.
“We have to welcome this change and take use of the chances it offers for innovation, employment growth, and a healthier environment.
Nigeria is positioned to be a key player in this endeavour because of its enormous energy potential.
“To promote renewable energy, diversify our energy sources, and implement energy efficiency measures, we must work collaboratively,” he stated (NAN).
