The Minister of Solid Minerals Development, Dr Dele Alake,  says  the African continent is determined to empower its marginalised communities through its natural resources.

Alake described  Africa as endowed with natural resources capable  of driving its sustainable economic growth, particularly  the critical minerals needed for the global energy transition.

He stated this on Thursday in Abuja at a press briefing against the backdrop of the forthcoming 2024 African Natural Resources & Energy Investment Summit (AFNIS).

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He said that equitable distribution of resources and targeted investments in local communities were  key to empowering those who have been historically underserved.

Alake  said that the move would reduce inequality, promote social stability and ensure inclusive growth across the continent.

“By channeling investments into rural areas and marginalised communities, we can create opportunities for sustainable livelihoods, improve access to essential services, and foster an environment, where every individual has the chance to thrive,” he said.

He said that the summit, to be hosted by Nigeria from July 16 to 18, was  aimed at exploring strategies for utilising fossil fuel revenues to fund Africa’s transition to a greener future.

“AFNIS 2024 is not merely a gathering of minds, but a convergence of visionaries committed to transforming Africa’s natural resource landscape.

“ Our discussions and decisions will resonate across the continent, influencing policies, shaping industries, and setting the course for a sustainable future,” he said.

The minister  said that the summit was also aimed  at bolstering the continent’s efforts towards achieving the Sustainable Development Goals, while fostering the development of cleaner, more accessible, and reliable energy sources.

According to the minister, the summit will provide a platform for government officials, the private sector and industry experts from across the continent to chart ways for the sustainable development of its natural resources.

He said that the 2024 theme “Natural Resources for Economic Development,” underscored the significant role that Africa’s natural resources play in driving economic prosperity.

Alake said that the economic growth of the region would have multiplier effects, including alleviating poverty and creating job opportunities for its people.

“ By fostering economic growth, we can reduce poverty, create job opportunities and ensure prosperity for all.

“The responsible exploitation of our resources will generate revenues that can be reinvested into our economies, enhancing infrastructure, healthcare and education.

“This cycle of growth will elevate the living standards of our people and position Africa as a formidable player in the global economy,” he said.

The minister  said that the summit would deliberate on leveraging Africa’s natural resources to address crucial issues such as quality education, gender equality, clean water and sanitation.

He added that other issues to be tackled include provision of affordable and clean energy, and proactive climate action.

Alake explained that the  summit would be the third edition and would be hosted  in partnership with Core International Mining Company.