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Nigeria mining sector abuzz with optimism

04 December 2015, 07:36Okoro Chinedu

Lagos - Stakeholders are upbeat at the revival of the country’s mining sector.

This follows the conclusion of the Infrastructure Partnerships for African Development (iPAD) Nigeria Mining Forum held in Abuja.

More than 200 mining professionals gathered at the inaugural event held in partnership with PricewaterhouseCoopers (PwC) Nigeria.

Nicole Smith, event director of the iPAD Nigeria Mining Forum, said the event was a huge boost for the West African country’s mining sector.

“Gathering all the stakeholders to discuss the challenges and the way forward in Nigeria’s mining sector has been a huge boost in confidence for the industry and mining professionals in the country are very optimistic about the sector’s imminent rejuvenation,” said Smith.

PwC Nigeria’s Mining Sector Leader and Head of Consulting, Cyril Azobu, was also upbeat.

Also Read: Thumbs up for plans to develop Nigeria mining

“We are very pleased with the fruitful interaction that took place at this inaugural forum. As leading advisors to the mining industry, PwC works with clients to unlock opportunities in this industry. It is clear that mining is facing an exciting future in Nigeria,” said Azobu.

Nigeria’s vastly underexploited natural resources include about 44 varieties of minerals in over 500 locations.

iPAD Nigeria Mining Forum attendees included current and prospective investors, legal advisors, regulators, mining professionals and other stakeholders.

The Federal Ministry of Solid Minerals was an official supporter of the event.

Sanusi Jibril, Head of Minerals and Metals Promotion at the ministry said the forum provided a platform for interactions between most stakeholders in the mining industry, particularly the private sector players and government institutions.

“It has created a better understanding on the roles expected to be played by both the government and the private sector in the development of a productive mining industry,” said Jibril.

The event was organised by Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the UK in partnership with PwC Nigeria.

- CAJ News

Tags mining

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