Vice President Kashim Shettima yesterday said Nigeria’s mining sector attracted over $2.6 billion in Foreign Direct Investment (FDI) within the last 30 months, attributing the inflow to ongoing reforms introduced by the administration of President Bola Tinubu.
Shettima said the Federal Government’s deliberate efforts to de-risk the mining environment and prioritise local value addition were beginning to yield tangible results across the sector.
The Vice President spoke in Abuja during the commissioning of the headquarters of Kursi Group, established by Abdulfatai Yahaya Seriki Gambari.
According to him, the current administration has made local processing and beneficiation of mineral resources a central condition for licensing in the mining industry, insisting that Nigeria would no longer serve merely as an exporter of raw materials.
In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “We are becoming a global hub for mineral refinement, beneficiation, and value-driven industrial growth.
“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.”
