Deputy Minister of Mines and Mineral Resources has stated that Africa possesses huge natural resources wealth that has the potential of dragging the continent out of poverty and transform it way to sustainable development and prosperity.
Abdul Ignosi Koroma was speaking at Hotel Barmoi on Monday (November 21) during the opening ceremony of a three-day advocacy and capacity building workshop on Africa Mining Vision organised by Network Movement for Justice and Development NMJD, Tax Justice Network Arica, Africa Centre for Energy Policy and Oxfam.
“It is evident that Africa possesses huge natural resources wealth that has the potential to drag this continent out of poverty and set it on its way to sustainable development and prosperity,” he said but stressed that harnessing such potential has been challenging, thereby producing mix result.
According to him, transforming wealth underground to wealth on top has not always been smooth and rosy and that in some cases, extractive resources have generated sufficient revenues that have paid for massive development projects, build towns and cities and accelerate economic growth.