Capital market critical to Nigeria’s mining growth – Alake

The Minister of Solid Minerals Development, Dr Dele Alake, has described the capital market as critical to facilitating a sustainable mining sector.

Alake said this at a webinar on “Unlocking Nigeria’s Solid Minerals Potential through the Capital Market” on Wednesday.

The webinar was organised by the Solid Minerals Development Fund (SMDF) in partnership with the Nigerian Association of Securities Dealers (NASD) OTC Securities Exchange.

Alake was represented by his Senior Advisor on Mining and Policy, Amira Waziri.

He said through the capital market, long-term financing for exploration and project development could be mobilised.

THE PRIME NEWS reports that the minister said the ministry remained committed to inclusive and strategic stakeholders’ engagement.

He said the ministry was open to ideas, partnerships and joint efforts aimed at advancing the collective good of the mining industry.

According to him, the ideas include continuous dialogue with host communities to ensure local participation and benefits.