The federal government has reiterated its commitment to transforming Nigeria into a globally recognised and competitive mining hub, highlighting the sector’s vast investment potential.
The Permanent Secretary of the Ministry of Solid Minerals, Engr. Farouk Yabo, said on Thursday at the sidelines of the 2025 Nigeria Mining Week in Abuja that Nigeria’s mining industry is no longer a hidden frontier.
He stated, “Over the past ten years, Nigeria Mining Week has grown from a modest industry gathering into a flagship platform that convenes government, investors, operators and development partners. As we enter the next decade, our focus is clear, to scale up the industry, ensure sustainability, drive value addition and firmly position Nigeria as a globally relevant mining hub.”
Yabo also highlighted that over 44 distinct mineral types have been identified across the federation, adding that the sector represents one of the most exciting investment destinations on the African continent. He noted that Nigeria is ready for responsible and profitable mining investment and said the next decade will be critical in scaling up industry growth while ensuring sustainability.
Speaking at the event, National President of the Miners Association of Nigeria, Mr. Dele Ayanleke, said the mining week has facilitated discussions that have marked the growth and development of Nigeria’s solid minerals sector, though challenges remain.
He explained, “While we celebrate progress, we acknowledge that challenges remain. Infrastructure gaps, access to finance and regulatory bottlenecks continue to affect miners, especially small-scale operators. Skills development and technology adoption are also critical areas that require sustained attention. Yet with every challenge comes an opportunity.”
Ayanleke added that the 10th Anniversary Edition of Nigeria Mining Week offers an enhanced platform for dialogue, partnerships, and investment, while showcasing technological innovation, sustainable practices, and business excellence across the sector’s value chain.
“During this edition, we will further engage in initiatives that promote investment, enhance safety, support artisanal and small-scale miners, and drive compliance with global best practices. This event will also spotlight deal rooms, technical workshops and strategic forums to encourage practical solutions and direct engagement between operators and investors,” he concluded.
Folalumi Alaran
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