Nigeria’s mineral value chains must grow if the country is to become more economically diversified and less dependent on oil. Rich mineral reserves in the nation, including coal, lithium, and gold, offer enormous potential for producing high-value goods that can boost the GDP of the entire nation. Nigeria produced about 1.5 million metric tonnes of
President of the Miners Association of Nigeria (MAN), Dele Ayanleke has urged the government to implement robust value addition policies and harness the full potential of Nigeria’s mining sector for employment creation and economic diversification. Ayanleke said the narrative that mining contributes less than one percent to GDP is changing. “There are a lot of
Nigeria’s Minister of Solid Minerals, Dele Alake, on Thursday announced that two lithium processing factories are set to commence operations in the second quarter of 2025. Alake made this known during the BusinessDay Solid Minerals Conference, themed “Building a Resilient Mining Sector in Nigeria: Leveraging Diplomacy, International Partnership and Regulatory Coherence.” Highlighting recent milestones in
A consortium of Chinese investors has pledged an initial investment of $500 million in Nigeria’s solid minerals sector, focusing on mining projects across Zamfara, Kebbi, and Nasarawa states. The commitment was made during an interactive session with the Senate Committee on Solid Minerals, where federal lawmakers assured the visiting delegation of strong legislative backing. The
The maiden edition of the Investment Summit and Roadshow for Solid Minerals in Nigeria held recently in Johannesburg, South Africa, has come and gone, but the immense potential for transforming our mining sector is yet to be fully analysed. Organised by the Nigerian High Commission to South-Africa in collaboration with Rosebank Capital, the investment forum
The Federal Government of Nigeria has signed a Memorandum of Understanding (MoU) with the Republic of France to advance and diversify the critical mineral value chain within the solid minerals sector. This was revealed in a statement issued on Sunday by Segun Tomori, the Special Assistant on Media to the Minister of Solid Minerals Development,
The Nigerian government has implemented significant reforms to attract more investment into its mining industry, offering a range of incentives to appeal to both local and foreign investors. Key reforms include granting foreign investors 100% ownership of mineral assets, providing tax holidays of up to five years for new mining projects, and exempting mining equipment
Nigerian-based Alpha Petroleum has won Namibia’s largest diamond mining contract and will begin operations on October 1, 2024. The contract was awarded by NAMDEB, a joint venture between the Namibian government and De Beers Group. This marks Alpha Petroleum’s first major contract in Namibia. Valued at $200 million, the agreement grants the company rights to
The Bauchi State Government has signed a Memorandum of Understanding with a China-based Minsheng Group of Shandong Province to unlock the state’s vast natural and mineral resources. The agreement was signed in the presence of the State Governor, Senator Bala Mohammed, and Commissioner of Natural Resources, Mohammed Maiwada Bello to pave the way for sustainable
Nigeria has vast mineral deposits, which over the years have been noted as one of the catalysts for economic growth and development. Among these, Nigeria’s Monazite resources stand out, especially because of the rich composition of elements like cerium, lanthanum, thorium, and uranium, which remain largely untapped. This phosphate mineral is unusually well-placed for several
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