The Minister of Solid Minerals Development, Dele Alake, the current economic difficulties in Nigeria are painful but part of the necessary transition toward building a resilient and sustainable economy. Alake indicated this at the maiden edition of the Solid Minerals Excellence Awards in Abuja on Thursday. He indicated Nigeria was undergoing a decisive economic transformation aimed at achieving long-term prosperity, industrial growth and national development through bold reforms and strategic leadership.
From him, the administration of President Bola Tinubu remains committed to implementing difficult but necessary reforms to address corruption, weak institutions, economic instability and overdependence on oil revenue. “Effective leadership must be driven by vision, knowledge and courage,” he indicated. Alake showed meaningful national progress could only be achieved through policies focused on long-term national interest rather than short-term political considerations.
Tinubu was determined to reposition the economy, noting that reforms previously avoided by past administrations due to political resistance were now being implemented to drive future growth. Drawing parallels with the transformation of Lagos State, difficult reforms initially met strong opposition before eventually leading to improved revenue generation, stronger institutions and economic expansion.
He showed the mining sector had been identified as a strategic pillar of the economic diversification agenda under Tinubu’s Renewed Hope programme. “The ministry has undertaken comprehensive reforms targeting illegal mining, weak regulatory structures, insecurity, dormant licences and lack of transparency in the sector,” he showed. The digitisation of mining operations and licencing processes had enhanced transparency, simplified access to licences and attracted increased investor participation.
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Oyetoke Adedayo Ebenezer
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