Nigeria's minister mandates local value addition for mining licenses, establishing a security outfit to protect natural resources.
Nigeria's Minister of Solid Minerals Development, Dr. Dele Alake, announced that no mining licenses will be granted without plans for local value addition, such as processing and refining. The government is emphasizing the importance of creating employment, generating economic value, and ensuring minerals are processed locally. Additionally, a new security outfit is being established to protect the nation's natural resources, incorporating existing structures and emphasizing technology and specialized training.
March 19, 2024
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