Nigeria seeks more foreign investment through mining reforms
The Federal Government is working to make Nigeria’s solid minerals sector more attractive to global investors. Faruk Yabo, Permanent Secretary of the Ministry of Solid Minerals Development, highlighted ongoing efforts to strengthen policy and regulatory frameworks. He spoke during a stakeholders’ workshop in Abuja, emphasizing the importance of improved governance and credible data. The reforms aim to boost investor confidence and position Nigeria competitively among African mining nations.
What we know
- Faruk Yabo said the government is enhancing policy and regulatory systems to attract international investment in mining.
- A stakeholders’ workshop in Abuja brought together representatives from government, the private sector, and academia to discuss the sector’s future.
- Improved governance and reliable sectoral data are expected to help Nigeria compete with other African mining countries.
- Tunde Arisekola, Head of the African Minerals Development Centre, noted Nigeria’s strong performance in geological data management and transparency.
- Artisanal and small-scale mining remains a challenge, with calls for better organization and training for those involved.
