The Lagos State Chapter of the All Progressives Congress (APC) commends the administration of President Bola Ahmed Tinubu for its visionary reforms and strategic policy direction under the Renewed Hope Agenda, which is breaking new frontiers in Nigeria\u2019s mineral exploration and resource development.<\/p>\n
Redefining Nigeria\u2019s Economic Future<\/p>\n
For decades, Nigeria\u2019s economy was overly dependent on oil revenue, leaving vast mineral resources untapped. President Tinubu\u2019s government has now reversed that trend through a comprehensive blueprint that prioritizes diversification, transparency, and value addition in the solid minerals sector.<\/p>\n
Key Policy Interventions Driving Mineral Exploration<\/p>\n
The APC-led federal government has launched and implemented several groundbreaking initiatives that are rapidly transforming the mining landscape:
\n1. The Nigerian Mineral Resource Strategy (2024\u20132033):
\nA 10-year master plan designed to create an investment-friendly environment, improve geological data, and ensure community participation in mining operations.
\n2. Establishment of the Nigerian Solid Minerals Development Company (NSMDC):
\nThis state-backed enterprise now serves as a strategic partner with private investors for exploration, processing, and exportation of mineral resources.
\n3. Creation of the Mineral Resource and Environmental Management Committee (MIREMCO) across all states:
\nAimed at resolving community disputes, ensuring environmental compliance, and securing host communities\u2019 benefits.
\n4. Mining Marshals Initiative:
\nA special security outfit under the Nigeria Security and Civil Defence Corps (NSCDC) to curb illegal mining and protect legitimate investors.
\n5. Incentives and Regulatory Reforms:
\nThe government introduced tax holidays, duty waivers for mining equipment, and 100% repatriation of profits to encourage both local and foreign investment. The streamlined digital Mining Cadastre Office now provides transparent licensing and real-time tracking of applications – a reform that has drastically improved investor confidence.<\/p>\n
Foreign Direct Investments Attracted<\/p>\n
The policy environment fostered by the Renewed Hope Agenda has yielded unprecedented levels of international partnership and capital inflow into Nigeria\u2019s mining sector:
\n\u2022 The Qatar Investment Authority (QIA):
\nRecently pledged over $500 million in strategic investments for lithium and gold exploration projects in Nasarawa and Kaduna States, with a focus on renewable energy-driven processing plants.
\n\u2022 The Ogunlesi Group \/ Global Infrastructure Partners (GIP):
\nPartnering with Nigerian firms for large-scale granite and industrial mineral projects in Ogun and Kogi States, with downstream plans for cement and ceramics industries.
\n\u2022 Chinese and Australian Consortiums:
\nOver $1.2 billion worth of Memoranda of Understanding signed for lithium, zinc, and rare earth element exploration in Plateau, Kebbi, and Cross River States.
\n\u2022 Canadian-Nigerian Joint Venture in Niger State:
\nCurrently developing gold refining and processing facilities projected to generate 5,000 direct jobs and export earnings in excess of $250 million annually.<\/p>\n
Sustainability and Value Addition<\/p>\n
The administration\u2019s policy now emphasizes beneficiation and local processing, ensuring Nigeria no longer exports raw minerals but finished products that create jobs and enhance national value chains. Additionally, the government is deepening collaboration with the African Finance Corporation (AFC) and the Nigerian Sovereign Investment Authority (NSIA) to finance infrastructure that supports the mining ecosystem – from rail transport to industrial clusters.<\/p>\n
Lagos APC\u2019s Commendation<\/p>\n
The Lagos State Chapter of the APC commends President Tinubu and the Minister of Solid Minerals Development, Dr. Dele Alake, for redefining mining as a pillar of Nigeria\u2019s future prosperity. The Renewed Hope Agenda has brought structure, accountability, and global recognition to a sector long neglected but now thriving under competent, reform-driven leadership.<\/p>\n
Conclusion<\/p>\n
Nigeria is now on the threshold of a new industrial revolution – one powered by knowledge, technology, and the responsible exploitation of its mineral wealth. The Lagos APC affirms its unwavering support for these transformative efforts, confident that President Tinubu\u2019s visionary leadership will ensure that every Nigerian benefits from the nation\u2019s abundant natural resources.<\/p>\n
Mogaji (Hon) Seye Oladejo
\nLagos APC Spokesman
\n03\/11\/25<\/p>\n","protected":false},"excerpt":{"rendered":"
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