Alake Calls for Stronger African Cooperation in Mineral Sector Development
The Minister of Solid Minerals Development, Dele Alake, has called for deeper cooperation among African countries to strengthen the continent’s mineral sector and maximize its economic potential. The appeal comes as Nigeria and other African nations seek to expand value addition and reduce raw material export dependency.
Alake emphasized that Africa is richly endowed with solid minerals, yet the continent continues to lose significant revenue due to limited processing capacity and weak regional collaboration. He stressed that stronger partnerships would help countries develop shared infrastructure, improve investment flows, and boost industrial growth.
The minister noted that a united African approach to mineral development would also attract more foreign direct investment. He said investors are more likely to commit resources when policies are harmonized and supply chains are stable across borders.
He further highlighted the importance of moving away from exporting raw minerals and instead focusing on local processing and manufacturing. According to him, this shift would create jobs, strengthen local economies, and increase revenue for governments across the continent.
Industry observers say the proposal aligns with broader efforts under regional frameworks such as the African Continental Free Trade Area, which aims to boost intra-African trade and industrial cooperation. They also note that better coordination in the mining sector could help reduce illegal mining and improve environmental standards.
The minister’s call is expected to stimulate further discussions among African policymakers on how to build a more integrated and competitive mineral economy capable of supporting long-term development.
About the Author
