Reforms Aim to Unlock $700 Billion Mining Fortune for Nigeria.
Nigeria is rapidly transforming its mining sector through bold reforms to attract investment, enhance local mineral processing, and reduce reliance on oil. With policy overhauls, investor incentives, and a focus on critical minerals, the country is positioning mining as a key driver of economic diversification.
Government-led reforms in Nigeria’s mining sector are reshaping the industry, attracting rapid investments as the country accelerates economic diversification beyond oil and gas.
Nigeria hosts many mineral reserves, from precious metals like gold to critical minerals vital for the global energy transition.
The Nigerian Extractive Industries Transparency Initiative (NEITI) reports that the country has over 40 types of solid minerals and precious metals, estimating the sector’s value at more than US$700 billion.
Source: Newscentral
