The Minister of Solid Minerals Development, Dr Dele Alake, has charged investors to increase investment stakes in Nigeria’s solid minerals sector, following positive reforms that promise higher returns.
Nigeria’s solid minerals sector has posted one of its strongest performances in recent years, contributing 1.8% to the nation’s GDP and recording a remarkable 4.61% growth in the second quarter of 2025, according to figures from the National Bureau of Statistics (NBS).
The Nigeria Extractive Industries Transparency Initiative (NEITI) has endorsed the recent decision of the Federal Government to revoke 1,263 mineral licences.
The Federal Government has announced the revocation of 1,263 mineral licenses across the country as part of its ongoing efforts to sanitise the solid minerals sector and enforce compliance with extant laws.
