Nigeria’s Vice-President Kashim Shettima says the mining sector alone attracted $2.62 billion in 30 months.
Shettima said reforms introduced by the administration of President Bola Tinubu are beginning to yield results, through the de-risking of the mining environment in the country and enforce local value addition.
The vice-president spoke on Wednesday during the inauguration of the Kursi Group headquarters in Abuja.
Shettima said the government is repositioning the sector away from raw material exports towards in-country processing and industrialisation.
“We are becoming a global hub for mineral refinement, beneficiation, and value-driven industrial growth,” he said.
He said investments in lithium processing and gold refining within Nigeria would support the country’s industrialisation drive and strengthen its role in the global green energy transition.
“There is no doubt that any enterprise processing our lithium for the global green energy transition, and refining our gold to international standards right here on our soil, eases our industrial ambition,” he said.
“Every nation that rises does so by mastering the value chain of its natural advantage. Every nation that commands respect in the world economy learns to convert resources into products, products into industries, and industries into national power.”
Shettima said the Kursi Group facility aligns with the federal government’s policy direction, noting that local processing has become a key condition for mining licences.
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