The Minister of Solid Minerals Development, 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.
“Through the capital market, we can support junior mining companies to list, raise funds and scale operations. “It will help to facilitate securitisation and monetisation of geological assets, and channel institutional capital into infrastructure and processing hubs,” he said.
He said the webinar was timely and marked the beginning of a broader national conversation on using structured capital to unlock mineral wealth.
“We look forward to collaborating with SMDF and other stakeholders to develop bespoke instruments, listings and frameworks that will make this vision a reality,” he said.
