VP Shettima: Nigeria’s Mining Sector Alone Attracted $2.6bn in 30 Months
Abuja, Nigeria – May 7, 2026
Vice President Kashim Shettima has disclosed that Nigeria’s mining sector attracted investments worth over $2.6 billion within the last 30 months, describing the development as evidence of growing investor confidence in the country’s economic reforms and solid minerals industry.
Shettima made the disclosure while speaking at an investment and policy engagement event attended by stakeholders in the mining and natural resources sector. He noted that the Federal Government’s ongoing reforms in the sector are beginning to yield positive results, positioning Nigeria as a major destination for mining investments in Africa.
According to the Vice President, the administration of President Bola Ahmed Tinubu remains committed to diversifying the nation’s economy away from overdependence on crude oil by unlocking the vast potential in solid minerals development.
He explained that reforms introduced in the sector have focused on transparency, ease of doing business, security of mining sites, and improved regulatory frameworks aimed at attracting both local and foreign investors.
Shettima stated that the government is also prioritising value addition and local processing of mineral resources to create jobs, increase export earnings, and stimulate industrial growth across the country.
The Vice President further assured investors of the Federal Government’s readiness to sustain policies that encourage responsible mining practices while ensuring host communities benefit from mining activities.
Stakeholders at the event commended the government’s efforts, noting that increased investment inflows into the mining sector could significantly contribute to economic growth, infrastructure development, and employment generation in Nigeria.
