Nigeria Attracts $3 Billion Investment in Solid Minerals

Nigeria's solid minerals sector has attracted $3 billion in investment over the last three years, a notable achievement in the industry's history, as disclosed by the federal government on Wednesday. The investments, which include lithium and gold, demonstrate growing investor confidence due to reforms introduced by President Bola Tinubu's administration.

The announcement was made during a press briefing ahead of the 5th African Natural Resource and Energy Investment Summit scheduled for June 23-25, 2026, at the State House Conference Centre in Abuja. Dr.

Dele Alak, the Minister of Solid Minerals Development, and Martin Imoniti, the Managing Director and Chief Executive Officer of Nigeria Solid Minerals Company, emphasized that the $3 billion investment is unprecedented given the lengthy investment cycles associated with mining projects. The summit aims to transform Africa into a hub for raw material supply and value-added industrialization, promoting job creation and technological transfer across the continent.