Categories: News

Alake highlights $1.3bn Chinese investment, woos global mining investors

Minister of Solid Minerals Development, Dr. Dele Alake, has urged global investors to take advantage of Nigeria’s ongoing reforms in the mining sector, describing the country as Africa’s most attractive destination for mineral investment.

Speaking at the China Mining Conference in Tianjin, Alake highlighted recent security and digital reforms — including the deployment of Mining Marshals, satellite monitoring, and the Electronic Mining Cadastre (EMC+) — aimed at improving transparency and investor confidence.

He revealed that Chinese firms have invested over $1.3 billion in lithium processing since 2023, following agreements reached during President Bola Tinubu’s 2024 state visit to China.

Alake, who also chairs the Africa Minerals Strategy Group (AMSG), said Nigeria is working to strengthen regional cooperation, expand exploration financing through the Solid Minerals Development Fund, and promote responsible mining that supports clean energy and job creation.

He assured investors of improved security, a stable policy environment, and attractive incentives.

LUKMAN ABDULMALIK

Recent Posts

Woman dies as car crashes into building in Lagos

A woman has been confirmed dead in an accident at Mangoro, inward Ile-Zik in Lagos…

31 minutes ago

Army rescues 9 as terrorists kill 2 security operatives, kidnap many residents in Zamfara

Troops of Sector 2, Operation Fansan Yamma, have rescued nine residents abducted by terrorists in…

1 hour ago

Presidency replies Atiku, defends Tinubu’s economic reforms

The Presidency has dismissed criticism by former Vice President Atiku Abubakar over the state of…

2 hours ago

How I lost my millions at 30, worked as labourer in England — Farooq Oreagba

Businessman Farooq Oreagba, popularly known as "Mr Steeze," has opened up about his dramatic financial…

4 hours ago

‘No fire occurred’: FAAN clarifies Lagos airport incident

The Federal Airports Authority of Nigeria (FAAN) has clarified that there was no fire outbreak…

5 hours ago

Atiku accuses Tinubu govt of misrepresenting economic performance

Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has criticised the…

5 hours ago

This website uses cookies.