The Federal Government has reiterated its commitment to building a $1 trillion economy by 2036, identifying large-scale investment in the solid minerals sector as a key driver of national economic growth.
Minister of Solid Minerals Development, Dele Alake, highlighted the government’s focus during the signing of an Engineering, Procurement and Construction Management agreement between Dukia Gold & Precious Metals Refining Company Limited and SGS Bateman at the Investing in African Mining Indaba in Cape Town.
Alake explained that the Dukia-Arinola Polymetallic Mine-to-Market Project is expected to stimulate industrial activity, create employment, deepen local supply chains and boost foreign exchange earnings through competitive exports.
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The minister described the initiative as part of a new mining model aimed at processing and adding value to minerals before they reach the market, rather than simply exporting raw materials. He said linking mineral production to domestic and international markets through improved infrastructure would be a “critical foundation” for achieving the $1 trillion target.
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