The Lagos State Chapter of the All Progressives Congress (APC) has applauded President Bola Ahmed Tinubu’s administration for what it described as visionary reforms and strategic policy direction under the Renewed Hope Agenda, which is transforming Nigeria’s mining and solid minerals sector.
EpeInsights reports that in a statement signed by the party’s spokesperson, Hon. Seye Oladejo, the Lagos APC noted that the current administration is “breaking new frontiers in mineral exploration and resource development,” positioning Nigeria for sustainable economic diversification beyond oil dependence.
According to the statement, for decades, Nigeria’s economy relied almost entirely on crude oil exports, while its vast deposits of solid minerals remained largely unexploited.
However, President Tinubu’s government has now “reversed that trend through a comprehensive blueprint that prioritizes diversification, transparency and value addition” in the mining sector.
The party outlined several landmark initiatives launched by the APC-led Federal Government that are reshaping Nigeria’s mining landscape and attracting global investors.
Among them is the Nigerian Mineral Resource Strategy (2024–2033) — a ten-year master plan aimed at building an investment-friendly environment, improving geological data, and ensuring local community participation in mining operations.
Also highlighted was the establishment of the Nigerian Solid Minerals Development Company (NSMDC), a state-backed enterprise that now partners with private investors in the exploration, processing, and exportation of mineral resources.
Other reforms include the creation of Mineral Resource and Environmental Management Committees (MIREMCO) across all states to promote environmental compliance, resolve community conflicts, and ensure host communities benefit from mining activities.
The administration also introduced the Mining Marshals Initiative a security outfit under the Nigeria Security and Civil Defence Corps (NSCDC) to tackle illegal mining and safeguard legitimate investors.
Furthermore, the government’s incentives and regulatory reforms now include tax holidays, duty waivers for mining equipment, and full profit repatriation rights for investors. The upgraded digital Mining Cadastre Office now offers transparent, real-time licensing services, a move the party says has “drastically improved investor confidence.”
The Lagos APC noted that the Tinubu administration’s policy environment has attracted record levels of foreign direct investment (FDI) into the mining industry.
Among the key partnerships, the Qatar Investment Authority (QIA) recently committed over $500 million to lithium and gold exploration projects in Nasarawa and Kaduna States, including renewable energy-driven processing facilities.
Similarly, the Ogunlesi Group/Global Infrastructure Partners (GIP) is collaborating with Nigerian firms on granite and industrial mineral projects in Ogun and Kogi States, with plans to expand into cement and ceramics production.
Chinese and Australian consortiums have also signed over $1.2 billion worth of agreements for the exploration of lithium, zinc, and rare earth elements in Plateau, Kebbi, and Cross River States.
In addition, a Canadian-Nigerian joint venture is currently developing gold refining and processing facilities in Niger State, a project expected to create 5,000 direct jobs and generate over $250 million in annual export earnings.
The statement emphasized that President Tinubu’s policies are anchored on beneficiation, the processing of raw minerals into finished products within Nigeria to create jobs, expand local industries, and enhance national value chains.
To support this vision, the federal government is collaborating with the African Finance Corporation (AFC) and the Nigerian Sovereign Investment Authority (NSIA) to finance infrastructure that supports the mining ecosystem, including rail networks, energy supply, and industrial clusters.
Oladejo praised the Minister of Solid Minerals Development, Dr. Dele Alake, for his “strategic and reform-driven approach” to rebuilding investor confidence in the sector.
“The Renewed Hope Agenda has brought structure, accountability and global recognition to a sector long neglected but now thriving under competent leadership,” the statement read.
The Lagos APC reaffirmed its unwavering support for President Tinubu’s economic transformation drive, expressing confidence that the administration’s policies will “ensure every Nigerian benefits from the nation’s abundant natural resources.”
The party concluded that Nigeria is now on the verge of a new industrial revolution, one powered by knowledge, technology, and responsible resource management.
“President Tinubu’s visionary leadership is redefining Nigeria’s economic landscape,” Oladejo stated. “The mining sector has become a beacon of hope, a symbol of diversification, and a catalyst for sustainable development.”
