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Fed Govt: non-oil exporters key to economy

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Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has stressed importance of non-oil exports in the drive to grow the economy, saying this is why President Bola Tinubu administration is prioritising solid minerals.

She spoke at a Stakeholder Reception hosted by Segilola Resources Operating Limited (SROL) on the sidelines of Nigeria Mining Week in Abuja.

The minister said the sector was important to the economy. “Non-oil export is crucial to the economy. It’s a priority of the President; it’s a priority of Federal Ministry of Industry, Trade and Investment. It is what we need for the economy’’, she said.

“We need productivity in the sector and the competitiveness, and we need to encourage firms.”

She acknowledged SROL as a Presidential Enabling Business Environment Council (PEBEC) export champion. Oduwole, commending SROL for its resilience and contributions to economic diversification, said: “… we’re proud of you for the work you do, for the perseverance, for the indefatigable spirit of Nigerian entrepreneurs. Keep serving and building the economy.”

Chief Financial Officer of Thor Explorations Limited, owners of SROL, Chris Omo-Osagie, noted Thor/SROL’s achievements as a top non-oil exporter.

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SROL Country Manager, who was keynote speaker, Austin Menegbo, noted the company’s dedication to environmental, social, and governance (ESG) and its commitment to responsible mining.

The reception also featured ESG panel discussion and video showcasing SROL’s transformative social initiatives.

One of such is the community medical outreach, which provided healthcare services to 2,000, including residents of Imogbara, Odo-Ijesha, and Iperindo, as well as inmates from the local prison system.

Services ranged from consultations and advanced diagnostics to medication distribution, surgical bookings, and health awareness campaigns designed to promote long-term wellness. Other dignitaries at the event included: Engr. Obadiah Simon Nkom, Director General of the Mining Cadastre Office; a Deputy Director of the Nigerian Investment Promotion Commission (NIPC); and representatives from VUKA, PWC and other notable organisations. End.

Mike Ojo

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