KEFFI, NASARAWA STATE, 2nd February, 2024
The Nigerian Mineral Exchange (NME) today announced its full support for the government’s policy of total formalization of the artisanal mining sector. Recognizing the significant role artisanal miners play in the nation’s economy and development, NME is committed to empowering these individuals and ensuring their sustainable integration into the formal mining ecosystem.
As part of its corporate social responsibility (CSR) initiatives, NME will actively engage in assisting local miners to form themselves into cooperatives. These cooperatives will enable miners to benefit from the government’s formalization policy, including improved access to finance, training, equipment, and fair market access.
“We believe that the government’s formalization initiative holds immense potential to unlock the true potential of Nigeria’s artisanal mining sector,” stated Obinna Ede, the Founder and CEO of NME. “By supporting the formation of cooperatives and providing essential training, we aim to empower miners, enhance their efficiency and profitability, and ultimately contribute to the nation’s economic growth and development.”
NME’s support will extend beyond cooperative formation. The company plans to offer comprehensive training programs focused on modern mining methods, safety procedures, and responsible environmental practices. Additionally, NME will explore opportunities to facilitate access to financing and equipment for these cooperatives, further strengthening their capabilities and market competitiveness.
“Formalization not only benefits miners themselves, but also brings transparency and accountability to the sector, attracting responsible investors and promoting sustainable mining practices,” added Obinna Ede, the Founder and CEO. “NME is proud to play a leading role in this transformative process, fostering a vibrant and responsible artisanal mining industry in Nigeria.”
About the Nigerian Mineral Exchange (NME)
The Nigerian Mineral Exchange (NME) stands as a pioneering platform developed by African Trade & Commerce Development Company LTD (AT&CDC). Its mission is to revolutionize the Nigerian mining industry by facilitating the seamless exchange of goods, services, and crucial information. NME goes beyond mere trading, actively leading the charge for the industry’s development and promotion. Through its comprehensive platform, it aims to empower miners, connect stakeholders, and ultimately contribute to the sector’s sustainable growth and prosperity.
As a responsible corporate citizen, NME is committed to promoting the sustainable development of the Nigerian mining industry, supporting local communities, and contributing to the nation’s economic diversification and prosperity.
