Nigeria: Tinubu's Mining Reforms Attract $800m Foreign Investment, Say Alake

Nigeria: Tinubu's Mining Reforms Attract $800m Foreign Investment, Say Alake

Abuja -- THE Minister of Solid Minerals Development, Dr. Dele Alake has said that Nigeria's solid minerals sector has attracted over $800 million in foreign investment as a result of the sweeping reforms introduced by President Bola Tinubu's administration.

Tinubu's mining reforms yield six-fold increase in revenue, $800m foreign investment

Mr Alake said the sector has witnessed an increase in investor interest buoyed by the administration's mining sector reforms.

Nigeria’s Mining Boom: Solid Minerals Revenue Soars from ₦6bn to ₦38bn Under Tinubu’s Reforms - Newsmakers

Dipo Kehinde/ Nigeria’s solid minerals sector is witnessing an unprecedented turnaround, with revenue leaping from a mere ₦6 billion in 2023 to ₦38 billion by the end of 2024 — a sixfold increase that signals a new era of reform and investment under the administration of President Bola Tinubu. Minister of Solid Minerals Development, Dr. […]

Tinubu’s Policy Shake-Up Fuels $800M Growth In Mining Sector, Says Minister » News.ng

Nigeria’s solid minerals sector is experiencing unprecedented growth and reform under the leadership of President Bola Ahmed Tinubu, with 2024 marking a watershed moment in the drive to transform the nation’s mining landscape. Minister of Solid Minerals Development, Dr. Dele Alake, on Sunday outlined sweeping achievements in policy, investment, and enforcement, pointing to over $800 million in processing investments and a six-fold increase in se…

Tinubu's Mining Reforms Yeild $800M Foreign Investment In Revenue

The Standard Gazette Tinubu’s Mining Reforms Yeild $800M Foreign Investment In Revenue  Driven by the President Bola Tinubu administration’s new policy of local value addition and a tightened licensing regime, Nigeria’s solid minerals sector has attracted over $800 million in processing projects last year. According to the Presidential Spokesman,  Bayo Onanuga, the sector also generated over N38 billion in revenue in 2024, up from just N6 billio…

Nigeria's mining sector took a decisive course in 2024, attracting USD 800 million in investment, reflecting the impact of the reforms undertaken by the government, announced the Minister of Solid Minerals, Dele Alake. In a press release released on Sunday 25 May, the minister said that the sector's revenues went down from 6 billion dollars to...