NAIRAMETRICS
Dele Alake, the Minister of Solid Minerals Development, has informed investors that Nigeria should not import bitumen given its reserves of 42 billion barrels, highlighting the country’s potential to be a net exporter.
Alake made this statement following the conclusion of the bidding process of the first round of Bitumen blocks bidding in Abuja.
The Minister addressed the concessionaires in a meeting, urging them to fulfill their obligations by complying with the engagement terms and the mining act, and to acknowledge the role of host communities’ cooperation.
The Minister further mentioned that with its abundant bitumen reserves, the country should be a net exporter to the global market.
