Resource Nationalism is when countries make efforts to extract maximum value and developmental impact for their people from their finite natural resources.
The forum brought together policymakers, natural resources experts, civil society organisations, think-tanks, government officials, members of parliament and representatives of regulatory bodies.
Mr. Dan Owiredu, President, Chamber of Mines, explained that in certain areas some have even attempted to justify the illegality of ‘galamsey’ operations on the altar of resource nationalism.
It is an undeniable fact that Africa is endowed with abundant mineral resources that far exceed its demand requirements. It is well-documented that without access to sufficient, quality and reliable minerals every social and developmental activity will be critically hindered.
“The mining industry forms a key component of the economy, and everything should be done to boost investor confidence in the industry,” Mr. Owiredu said.
Dr. Joyce Aryee, former CEO of the Chamber of Mines, said resource nationalism is a good concept that needs to be thought through so that government can sit with industry to see how best resources can benefit the people.
Source: Ekow Essabra-Mensah/B&FT
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