Nigeria's Mining Sector Attracts $2.6bn in FDI

Vice President Kashim Shettima declared that Nigeria's mining sector has successfully attracted $2.6 billion in foreign direct investment (FDI) in the last two and a half years. This announcement was made during the official inauguration of the Kursi Group headquarters in Abuja.

Shettima explained that the administration of President Bola Tinubu has prioritized reforms in the mining sector, focusing on local value addition as a non-negotiable principle. He stated that Nigeria is no longer content with merely being a warehouse for raw materials.

The Vice President highlighted the potential of the mining sector to contribute to the global green energy transition, particularly through lithium and gold refining. He was accompanied by Kwara State Governor Abdulrahman Abdulrazaq and other dignitaries during the inauguration event, where they toured the state-of-the-art facility of the Kursi Group, which aims to become a global hub for mineral refining and value-driven industrial growth.