He said Nigeria has abundant mineral endowments to compete with the South African mining sector which contributes 18.7% to its over $365 billion GDP.
Delivering a keynote address at a one-day Sensitisation Forum on Solid Minerals organised by the Bank of Industry (BOI) in Abuja, the permanent secretary reiterated that the sector must aspire to contribute between 5-10 per cent to the GDP.
Musa added that the federal government had put in place various policies, including the Solid Mineral Development Policy 2007 and the Nigerian Industrial Revolution Plan (NIRP), as a means of creating an investor-friendly environment for players in the sector.
He said that the Bureau of Statistics had in the report on the Nigerian mining and quarrying sector released in January 2014 shown that the sector had contributed 0.09 per cent to the GDP within the period.
He assured that as the nation seeks to diversify into non oil base sectors, the FMITI will continue to work with the Federal Ministry of Mines and Steel Development to provide the necessary incentives and support to investors in the sector.
