Nigeria’s mining industry has recorded impressive progress, generating N6.9 billion in Q1 2025, Solid Minerals Minister Dele Alake announced.
This growth reflects the government’s intensified efforts to develop the sector.
Additionally, authorities registered 118 new mineral buying centers to streamline local trade and boost revenue.
The ministry also approved 867 mining licenses, including 512 for exploration, signaling rising investor confidence.
Moreover, plans are underway to establish a Nigerian Solid Minerals Corporation, enhancing public investment opportunities.
“We’re building a strong framework to maximize our mineral wealth,” Alake stated during the briefing.
Furthermore, international partnerships with France, South Africa, and Western Australia are strengthening Nigeria’s geological research and workforce training.
These collaborations aim to modernize mining operations and improve technical expertise.
Concurrently, Nigeria has assumed leadership of the African Minerals Strategy Group, showcasing its commitment to sustainable resource management.
This role enables Nigeria to influence continental mining policies.
Industry experts predict these developments will spur job creation and economic diversification.
With improved regulations and global partnerships, Nigeria’s mining potential appears increasingly promising.
However, challenges like illegal mining and inadequate infrastructure require continued attention.
The minister emphasized ongoing reforms to address these obstacles and attract more investors.
Looking ahead, the government plans to introduce advanced mining technologies and stricter enforcement measures.
These steps will ensure compliance while increasing productivity across mining sites.
Stakeholders have welcomed the sector’s growth but urge faster implementation of policies.
Transparent licensing processes and community engagement remain critical for long-term success.
As global demand for critical minerals rises, Nigeria stands to benefit significantly from its vast untapped resources.
Strategic investments could position the country as a major player in the international market.
The minister concluded by inviting local and foreign investors to explore emerging opportunities.
With favorable policies and growing output, The sector offers substantial returns, he noted.
Environmental groups, meanwhile, caution against unchecked extraction. They advocate for sustainable practices that protect ecosystems while harnessing mineral wealth.
The government assures that new regulations will balance economic gains with environmental protection.
Monitoring systems are being upgraded to prevent ecological damage from mining activities.
Analysts suggest Nigeria could replicate its oil sector success in solid minerals if current momentum continues.
Proper management may make mining a key contributor to GDP within five years.
Community leaders emphasize the need for inclusive growth, urging companies to create local employment and infrastructure. Fair benefit-sharing agreements could prevent conflicts in mining regions.
Training programs for artisanal miners are also expanding, helping them transition to formal operations.
This initiative reduces illegal mining while improving safety standards.
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