Nigeria's Mining Sector Attracts $2.6 Billion Investment

Vice President Kashim Shettima announced that Nigeria's mining sector has attracted $2.6 billion in foreign direct investment over the past 30 months. Speaking in Abuja during an event at the Kursi Group headquarters, Shettima highlighted the government's commitment to local value addition as a non-negotiable principle.

He stated that Nigeria is no longer content with merely being a warehouse for raw materials. Shettima noted the potential for the mining sector to contribute significantly to the economy, particularly through the refinement of minerals like lithium and gold, which are essential for the global green energy transition.

The event was attended by dignitaries, including Kwara State Governor Abdulrahman Abdulrazaq, and emphasized the need for Nigeria to master its value chain in the mining industry to gain respect in the global economy.