“Government Courts Investors for Bitumen Development, Says Alake”

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Nigeria, with an estimated reserve of 42 billion barrels of bitumen, is poised to capitalize on this valuable resource under the leadership of Dr. Dele Alake, the Minister of Solid Minerals Development. In a compelling address to the winners of the Bitumen blocks bidding process, Dr. Alake underscores the immense potential of bitumen reserves to transform Nigeria into a major net exporter. 


Emphasizing the importance of compliance with mining regulations, community engagement, and corporate social responsibility, Dr. Alake sets a clear roadmap for the concessionaires. He stresses the need for transparency in tax remittance, local value addition, and employment generation, highlighting their pivotal role in sustainable development.


Recognizing the significant impact of Bitumen development on economic growth and diversification, Dr. Alake pledges unwavering government support for investors venturing into this sector.

To facilitate the efficient management of Bitumen activities, Dr. Alake inaugurates two committees, signaling a crucial step forward for Nigeria’s Bitumen sector. These committees are tasked with overseeing various aspects of bitumen exploration, production, and distribution, ensuring alignment with national development goals.


The inauguration of these committees marks a pivotal moment in Nigeria’s journey towards harnessing its bitumen potential for the benefit of its people and the nation’s economy. Dr. Alake’s vision and leadership signal a promising future for Nigeria as it endeavors to emerge as a prominent player in the global bitumen market. #BitumenDevelopment #EconomicGrowth #Nigeria

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