FGN Tasks Geoscientists, Others On Mining Dev’t For Economic Diversification

The Federal Government of Nigeria (FGN) has urged Geoscientists and other stakeholders to support in their various ways government’s policy and efforts in diversifying the nation economy using the mineral sector as a key driver.

Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, made the appeal while delivering the keynote address at 1st International Conference and Exhibitions of the Nigerian Society of Economic Geologists (NSEG) in Abuja.

The Minister said, ” The geoscientist plays such an invaluable role, which cannot be overstated in driving mineral exploration activities leading to discoveries of minerals and preparation of definitive feasibility reports on the viability of mineral reserves. The works of the geoscientists produce the treasured mineral raw materials that form the backbone of modern-day industrial revolution and.

“I wish conclude this Address by calling on all geoscientists and stakeholders to support government’s policy and efforts in diversifying the nation’s economy, using the mineral sector as one of the key drivers.

“The outcome of such efforts will benefit all of us and the generation ofNigerians yet unborn.”

Adegbite also reassured the audience of stakeholders and the general public of government’s commitment to continuous support towards the growth and development of the minerals sector through efforts to generating geoscience data to de-risk and make the sector more attractive to genuine investors.

“Government will also continue to support Research and Development (R & D) endeavours tailored towards addressing real time mineral sector development challenges,” the Minister added.

Arc. Adegbite noted that the theme of the theme of the maiden congress and exhibition “is timely and strategic given the compelling urgency to diversify our economy for the prosperity of the nation”.

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Speaking further, the Minister explained that the theme sought to define the roles of the critical stakeholders in developing
the minerals sector, key amongst which are the government, private
sector, and the professionals driving the mineral sector development
process.

“Undeniably, Nigeria’s minerals sector offers robust economic
potential for diversification of the nation’s economy yet the country and
indeed, many other African countries have continued to suffer under
utilisation of their mineral resources

“This has accounted for the slow phase of socio-economic
development in Nigeria and many African countries. Our country is known
to operate a mono economy where oil accounts for almost 90% of the
foreign exchange earnings. This present administration found this appalling and described the situation as unacceptable and promised to urgently find solutions to redress the challenges,” Adegbite said.

He pointed out that as part of its effort to reposition the solid minerals sector, the Ministry of Mines and Steel Development, in early 2016, identified
insufficient geo-scientific data and geological knowledge, weak
implementation and enforcement of mining law and regulations, and the
poorly regulated and informal artisans and small-scale mining sub-sector
as critical binding constraints to the mining sector’s development.

“This propelled the Ministry to immediately begin the process of
preparing a detailed sector Roadmap aimed at advancing certain strategic
objectives, which would eventually result in the: (a) creation of a globally
competitive sector capable of contributing to wealth creation; (b)
provision of jobs and advance social and human security by focusing on
using its mining assets to drive domestic industrialisation; and (C)
migration to winning in global markets through a value chained-based
growth plan.

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In his welcome address earlier, the
President of the Nigerian Society of Economic Geologists (NSEG), Dr Abdulrasaq Abubakar Garba, at the opening ceremony of the maiden Annual International Conference whick held 26th, June to end on 29th, June2022.

According to Engr Garba, “the Nigerian Society of Economic Geologists (NSEG) started off as the “Petrology, Structural Geology and Geochemistry” Specialist Group of the Nigerian Mining and Geosciences Society (NMGS). However, at the 2016 Annual International Conference of NMGS held in Ilorin, Kwara State, an Ad-hoc Committee was setup for this Specialist Group to better coordinate its activities which eventually led to the approval for the transformation of the group into the present “Nigerian Society of Economic Geologists” (NSEG) at the NMGS Enugu 2019 Conference.

“This approval was all the young NSEG required to formally launch itself to the public and hence the inaugural AGM/workshop of NSEG was held in Abuja on 10th December, 2019 where the current executive council was elected to pilot the affairs of NSEG for the next two years. The first AGM of our Society also witnessed the appointment of a 5-member board of trustees (BOT) and the promulgation of a brand-new constitution for the society”.

For clarity purpose, he defined Economic Geology as a subdiscipline of the geosciences that focuses on earth materials that can be used for economic or industrial development purposes. Often, much of the purpose of study is to identify new ore deposits for excavation as well as understanding how ore deposits are generated and localized within the Earth’s crust.

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“This gathering is therefore expected to harvest the best knowledge to aggregate and articulate our thought on way forward for our dear country,’ he said.

The NGSA boss also informed the crowd of stakeholders that the feat achieved in NIMEP was largely dependent on the efforts of geologists.

“The success of the MMSD National Integrated Mineral Exploration Programme (NIMEP) executed through the Nigerian Geological Survey Agency and other collaborating agencies is mainly attributable to the role played by geoscientists from its conceptualisation, design and execution,” he said.

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