Nigeria's mining reforms unlock $2bn investments, ₦68bn revenue surge

Minister of Solid Minerals Development, Dr. Dele Alake, announced that Nigeria's mining sector is transitioning to structured industrialization, generating over $800 million in processing investments and ₦68.1 billion in revenue for 2025. The reforms are based on the 2007 Minerals and Mining Act, modernized through a digital cadastre and mandatory value-addition plans. Major investment projects totaling over $2 billion include a $600 million lithium processing plant and a $1 billion iron ore-to-steel initiative in Kogi State.