Nigeria secures over $2bn in processing investments – Alake

The Minister of Solid Minerals Development, Dr Dele Alake, said Nigeria had attracted more than $2 billion in mineral processing investments, signalling growing investor confidence in the country’s mining sector and ongoing reforms aimed at driving industrial development.
Dr Alake stated this while speaking at the 2026 African Natural Resources and Energy Investment Summit (AFNIS) in Abuja.
Alake said the investments included a $600 million lithium processing facility in Nasarawa State, a $200 million lithium processing plant awaiting commissioning, a $50 million lithium refining project and a proposed $1 billion iron ore processing investment.
The Minister said the projects reflect...