Vice President Kashim Shettima has said the Tinubu administration’s reforms in Nigeria’s mining sector have attracted more than $2.6bn in foreign direct investment over the past 30 months.
Speaking in Abuja on Wednesday at the commissioning of the Kursi Group headquarters, Shettima announced the government had made local value addition a non-negotiable condition for mining licences as part of efforts to move away from exporting raw materials.
"We are becoming a global hub for mineral refinement, beneficiation, and value-driven industrial growth," the Vice President said.
He added that enterprises processing lithium for the global green energy transition and refining gold to international standards domestically were helping to advance Nigeria’s industrial ambitions.
"Every nation that rises does so by mastering the value chain of its natural advantage.
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"Every nation that commands respect in the world economy learns to convert resources into products, products into industries, and industries into national power," he said.
The Kursi Group facility, established by Ambassador Abdul Fatai Yahaya Seriki Gambari, houses a refining factory and a minerals marketing and tracking platform.
Shettima toured the site shortly after the commissioning alongside Kwara State Governor AbdulRahman AbdulRazaq and other dignitaries.
The event was attended by mining sector investors as well as traditional and religious leaders from Kwara State and beyond.
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