Nigeria's Mining Sector Attracts $2.6bn in 30 Months

Vice President Kashim Shettima announced that Nigeria's mining sector attracted $2.6 billion in foreign direct investment over the past 30 months. Speaking in Abuja during an event at the Kursi Group headquarters, he highlighted the government's commitment to local value addition, stating that Nigeria is no longer content with merely warehousing raw materials.

Shettima noted the risks associated with the mining environment and emphasized the need for the sector to contribute to the global green energy transition, particularly through lithium and gold refinement. He was accompanied by Kwara State Governor Abdulrahman Abdulrazaq and other dignitaries during the event, which included a tour of a state-of-the-art mining facility.

Shettima expressed confidence that the mining sector would become a global hub for refined products, driving industrial growth and contributing significantly to the economy.