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World Bank at Nigeria Mining Week in Abuja: We have managed to develop a real ‘partnership’ with the Federal Government of Nigeria

09-21-2017 01:36 PM CET | Industry, Real Estate & Construction

Press release from: Nigeria Mining Week

?Nigeria deserves to be on the mining map again?

?Nigeria deserves to be on the mining map again?

“In Nigeria we have managed to develop a real ‘partnership’ with the Federal Government of Nigeria and we are still working along with some of the States that have higher mining potentials. This is according to Francisco Igualada, Senior Mining Specialist, Energy and Extractive Industries (GEEDR) at the World Bank. As a featured speaker at the upcoming Nigeria Mining Week in October in Abuja he will address the high-level industry gathering on 'Establishing a strong foundation for mining sector development: Enhancing competitiveness and fostering domestic investment in Nigeria.'

Nigeria deserves to be on the mining map again
In an exclusive interview with the organisers Mr Igualada says: “the World Bank follows a kind of value chain that bring those countries we support from non-renewable resources to a stage in which sustainable development may take place. Each country has its own idiosyncrasy and characteristics. I am particularly excited about two projects; our critical involvement in DRC in support of the rationalization of the sector through nearly five years as well as my responsibility in managing our recently approved 150 million loan project (MinDiver) for developing the Nigerian mineral sector and diversifying it from its dependency on other sectors like oil & gas as H.E. President Buhari has clearly indicated in his inaugural speech; two sectors need continuous development in Nigeria, that are agriculture and mining. This is the reason why the Honourable Minister Dr. Kayode Fayemi with his drive and strong determination has led the initiative to put Nigeria ‘on the African mining map again’ as, in my opinion, the country deserves.

He adds: “from the Bank’s side, I am really looking forward to contribute to transforming their potential resources into some tangible exploration and exploitation mineral projects bringing economic prosperity and jobs. Nigeria is the first African economy and really needs the employment that mining and all types of value-chain including local content can bring.

We need to get it right
Mr Igualada says his message at Nigeria Mining Week in October in Abuja is “rather straightforward: ‘we need to get it right’ once for all and this means that a strong sector foundation is a must. Afterwards facilitating downstream sector developments and the enhancement of competitiveness need to happen as a logical result. This cannot and should not be improvised and built on a piece-meal basis. Consequently, the only way to bring competitiveness… that obviously comes from competing with our external environment - is by building an integrated approach that would facilitate sharing information and resources with other development donors that are betting on Nigeria as well. Competing should be both internal and external even if nowadays such distinction is a bit blurred due to globalisation of economies.

The rest of this in-depth interview can be accessed on the event website.

The upcoming Nigeria Mining Week, which is taking place again in Abuja from 16-19 October, is a successful partnership between PwC, the Miners Association of Nigeria (MAN) and event organisers Spintelligent. This high-level, strategic mining investment platform will link investors, project developers, financiers, technology providers and government to share best practices and demonstrate the latest strategies to evolve the sector successfully.

The programme at Nigeria Mining Week 2017, including new features, includes:
- B2B INTERNATIONAL EXPO: Featuring leading technology and innovative services covering the value chain of the mining industry.
- STRATEGIC CONFERENCE: Providing strategic insights into hot legal and regulatory issues, investment, finance as well as market access and community involvement.
- FREE TECHNICAL WORKSHOPS: Enhancing practical expertise to grow artisanal and small-scale operations with an A to Z mining toolkit.
- CEO ROUNDTABLE: Deep diving into the key challenges facing the private stakeholders, driven by MAN and PwC - new.
- INVESTOR BREAKFAST: Delivering all the necessary information and contacts required to invest in mining in Nigeria – new.
- DRAGONS’ DEN: Enabling project financing by pitching mining business plans to a panel of selected financiers – new.
- SITE VISIT: Discovering first-hand the reality and best practice of a world-class operation – new.

Industry support
As with previous years, the Nigeria Mining Week is enjoying strong support from the industry with confirmed sponsorships from Palladium Mining Limited, SBOG, Aelex, AG Vision Mining, Congo Energy Solutions, Kian Smith Trade & Co, Mantrac, Minelab, SMT and Wilbahi.

Nigeria Mining Week dates and location:
Pre-conference: 16 October 2017
Conference: 17-18 October 2017
Site visit: 19 October 2017
Venue: Nigerian Air Force Conference Center (NAF), Abuja, Nigeria

Nigeria Mining Week is organised by Spintelligent, a well-known trade conference and expo organiser on the continent. The company has particular expertise and experience in mining and infrastructure development events; including the long running flagship shows such as DRC Mining Week in Lubumbashi, the Kenya Mining Forum in Nairobi and African Utility Week in Cape Town.

Senior communications manager: Annemarie Roodbol
Telephone: +27 21 700 3558
Postal address: PO Box 321, Steenberg, 7947, South Africa

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