As Africa’s largest economy that has depended heavily on oil revenues for many years, Nigeria’s latest focus on minerals to achieve economic diversification presents new and rewarding mining opportunities on the continent. Join the Australian Trade and Investment Commission (Austrade), Department of Foreign Affairs and Trade (DFAT), Australia-Africa Chamber of Commerce (AACC), Naijalink, and key mining industry experts discussing trends, opportunities, and growth prospects in Nigeria’s mining industry.
The webinar is aimed at stakeholders across the mining and METS sector in Australia who are keen to learn more about mining opportunities in Nigeria.
More mining companies are leveraging Australian expertise in Mining Equipment, Technology and Services (METS) in exploration and core mining activities across Africa to reduce cost and maximise efficiency. Australian deep expertise, practical know how and technological innovation in partnership with local communities is transforming the face of mining in Africa by helping local African communities lay strong foundations for continued prosperity.
Mining in Nigeria is gaining a lot of momentum. The economic downturn of 2014 - 2017 caused by a precipitous fall in oil prices increased the focus of the Nigerian Government to expand and diversify its revenue stream and reduce its dependence on crude oil sales.
This has led to a greater interest in the mining industry, with the Federal Government putting together incentives to attract more competent domestic and foreign mining companies into the industry. The recent nosedive in oil prices during the Covid-19 global economic slump has driven the necessity and urgency to expand mining activities.
Despite a relatively underdeveloped local mining industry, the African global leader in oil and gas productions is also on track to become a thriving mining destination for the production of both metallic and non-metallic minerals and presents a diverse pool of opportunities for METS companies.