The Federal Government on Wednesday disclosed that Nigeria’s solid minerals sector has attracted about $3bn in investments within the last three years, describing the inflow as one of the most significant achievements recorded in the industry’s history.
The government said the investments, spanning lithium, gold and other strategic minerals, reflected growing investor confidence in reforms introduced by the administration of President Bola Tinubu and signalled stronger prospects for the sector in the coming years.
The disclosure was made at a press briefing ahead of the 5th African Natural Resources and Energy Investment Summit scheduled to hold from June 23 to June 25, 2026, at the State House Conference Centre, Abuja.
The Minister of Solid Minerals Development, Dr Dele Alake, represented by the Managing Director/Chief Executive Officer of the Nigeria Solid Minerals Company, Martins Imonitie, said the mining industry was beginning to attract long-term capital despite the lengthy investment cycle associated with mineral development projects.
According to him, attracting $3bn worth of investments within three years is unprecedented given the complexities and long gestation periods that characterise mining projects globally.
