Nigeria’s mining sector has attracted over $2.6 billion in Foreign Direct Investment (FDI) in the last 30 months, Vice President Kashim Shettima announced on Wednesday.
Stanley Nkwocha, senior special assistant to the president on media and communications, in a statement on Wednesday, said Mr Shettima disclosed this in Abuja during the official commissioning of the Kursi Group Headquarters established by Ambassador Abdulfatai Yahaya Seriki Gambari.
Mr Shettima explained that through the de-risking of the mining environment in the country, the administration of President Bola Tinubu has made local value addition a non-negotiable principle of licensing.
“We are becoming a global hub for mineral refinement, beneficiation, and value-driven industrial growth,” Mr Shettima said.
“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.
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“Every nation that rises does so by mastering the value chain of its natural advantage. Every nation that commands respect in the world economy learns to convert resources into products, products into industries, and industries into national power.”
Shortly after the commissioning of the Kursi Group Corporate Headquarters, according to the statement, the Vice President, accompanied by Governor AbdulRahman AbdulRazaq of Kwara State and other dignitaries at the event, toured the facility housing a refining factory and a state-of-the-art minerals marketing and tracking platform.
The statement said the event was attended by investors in the mining sector, traditional and religious leaders from Kwara State and beyond.
