Mineral-rich African Countries must leverage their proven mineral reserves as equity in joint ventures instead of resorting to loans.

It is important for mineral-rich African countries to leverage their proven mineral reserves as equity in joint ventures instead of resorting to loans that exacerbate the challenges faced by our people.

H.E. Oladele Alake, Minister of Solid Minerals Development, Nigeria

During a recent Ministerial Roundtable on Powering Africa in Washington DC, I expressed concern over the undue pressure exerted on African governments by loan marketers, emphasizing the importance of prudent financial decisions to avoid chronic indebtedness and protect our sovereignty.

My efforts aim to steer the sector towards sustainable growth and attract investments, focusing on utilizing our abundance of critical minerals to diversify the economy and foster development.

H.E Dr. Oladele Alake, Minister of Solid Minerals Development, NIgeria

Through engagements with stakeholders like the United States International Development Finance Corporation and private sector players, we seek to build partnerships that will strengthen the mining sector and drive meaningful progress for our nation.

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