Nigeria’s mining sector attracted $2.6bn in investments in 30 months –Official

*Vice-President (Senator) Kashim Shettima, GCON, discloses the minerals sector has attracted $2.6 billion in Foreign Direct Investment into the Nigerian economy in the last 30 months alone

Gbenga Kayode | ConsumerConnect

The Federal Government has commended the minerals sector of the Nigerian economy, as the industry responds to the current administration’s economic reforms.

Vice-President (Senator) Kashim Shettima, GCON, said the reforms of President Bola Ahmed Tinubu’s administration in the mining sector were beginning to manifest.

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Shettima disclosed the minerals sector alone attracted $2.6 billion in Foreign Direct Investment (FDI) into the economy in the last 30 months alone.

The Nigerian Vice-President stated this while speaking Wednesday, May 6, 2026, during the official commissioning of the state-of-the-art Kursi Group Corporate Headquarters, established by Ambassador Abdulfatai Yahaya Seriki Gambari.

Several investors in the mining sector, traditional and religious leaders from Kwara State and beyond graced the occasion.

The Vice-President noted that through the de-risking of the mining environment in the country, the Tinubu administration has made local value-addition a non-negotiable principle of licensing as Nigeria was no longer content to be a warehouse of raw materials.

Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications (Office of The Vice President) also stated VP Shettima said: “We are becoming a global hub for mineral refinement, beneficiation, and value-driven industrial growth.”

In respect of the prospect and contributions of the Kursi Group, the Vice-President stated: “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.

“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.”

Shettima, other dignitaries tour state-of-the-art refining factory

The Presidential aide said shortly after the commissioning of the Kursi Group Headquarters, Shettima accompanied by Governor AbdulRahman AbdulRazaq of Kwara State, and other dignitaries at the event, toured the facility.

The statement as well noted the newly commissioned facility houses a refining factory, and a state-of-the-art minerals marketing and tracking platform.

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