By: Zawya

Alake immediately set up a ministerial committee to implement the start-up in line with the timeline and provide weekly updates.

The Gerald Group, led by head of Business Development, Brendan Lynch and Vice President of Communications Anya Sarin also reported their research into the tin sector in Nigeria and their willingness for a joint venture.

Alake encouraged them to push for the early take-off of the project, highlighting the plans of the Tinubu administration to float the Nigerian Solid Minerals Corporation, which would be a reliable joint venture partner for the project. He assigned the task of following up on the project to the Ministerial Committee with a similar mandate.

He also held discussions with the Director of AMG Group, Ajay Commem and Managing Director of Business Idea Management Centre, China, Young Chan, on funding for mining projects in Nigeria.

Commem said he heard of the Tinubu administration’s plan to set up the Nigerian Solid Minerals Corporation, adding that AMG would be willing to source capital and investors globally for the corporation.

Similarly, Chan said he flew from China to meet the minister to offer opportunities for Chinese capital to the Nigerian mining sector. The Minister directed the Executive Secretary of the Solid Minerals Development Fund to work with both institutions towards supplementing the Fund’s sources of capital for investment.

The Minister concluded the business meetings with discussions with over 30 mining entrepreneurs drawn from all regions of the world.

The forum reviewed the proposal for the African Excretive Minerals Bank and urged the Minister as the Chairman of the Africa Minerals Strategy Group to support the novel idea of providing exploration funding for mining across the continent.