Business
‘Mining Sector Can Contribute 10% To GDP In 2020’

Permanent Secretary, Federal Ministry of Environment, Mr Taiye Haruna (left), and the Minister, Mrs Lawrencia Labaran-Mallam, during the minister’s assumption of duty in Abuja last Thursday. Photo: NAN
The Progressive Miners Empowerment Association (PMEA), has said that the mining sector could contribute 10 per cent to the country’s Gross Domestic Product (GDP) by 2020.
President of the association, Mr Sunday Okonzie, said this in an interview with newsmen on Sunday in Abuja.
Okonzie described the Federal Government’s strategies to develop the mining sector between 2014 and 2020 as good and pragmatic, saying the plans were achievable, if there was the political will.
He said that the Ministry of Mines and Steel Development had established some targets to begin the mining of copper and bauxite in the country.
The president said it was projected at creating three million jobs in the mining sector in 2014.
He said that other targets of the ministry included increasing the mining sector’s contribution to the country’s GDP from 0.4 per cent to 10 per cent.
According to him, the ministry has also commissioned the production of geological maps covering the entire country by 2020.
Okonzie said that the steel sector is expected to produce three million ton of liquid steel per annum by 2015 and 12.2 million ton per annum by 2020.
The president said that the PMEA had produced a project model that would stimulate development of the solid minerals sector.
“I think that the target of developing the solid minerals sector by 2014 and beyond is achievable, if the government matches its words with actions.
“Everybody is aware of the fact that Nigeria is endowed in terms of solid mineral resources. The problem has been how to harness these potential,” he added.
He said that in 2009, he came up with scientific study indicating that about two million jobs could be created in the sector.
“But the ministry’s officials at that time, laughed at me, but I am happy now that the Federal Government is surpassing my target of two million jobs.
“I stand by the creation of two million jobs in 2014, if all the parameters submitted to the government are considered.
“My emphasis as an operator and as someone who has put up 24 years into mining activities has always been ‘when we speak, let us work the talk’.
“If we work the talks, all of these aspirations are achievable; but the major impediment to the development of mining sector is lack of political will,” he emphasised.
He reiterated that if right things were done all the challenges facing the country’s solid mineral development would be overcome.