Shettima hails Tinubu’s mining reforms, announces $2.6bn FDI inflow
Abdullateef Fowewe
Vice President Senator Kashim Shettima has celebrated the early successes of President Bola Tinubu’s mining sector reforms, revealing that they have attracted over $2.6 billion in Foreign Direct Investment (FDI) in just the last 30 months.
In a statement signed on Wednesday by Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications (Office of the Vice President), Shettima credited the administration’s de-risking efforts for transforming Nigeria’s mining landscape.
He emphasised that local value addition is now a “non-negotiable principle of licensing,” positioning the country beyond its role as a mere “warehouse of raw materials.”
Speaking at the official commissioning of the Kursi Group Headquarters in Abuja, established by Ambassador Abdulfatai Yahaya Seriki Gambari, the Vice President said, “The reforms of the administration of President Bola Ahmed Tinubu in the mining sector are beginning to manifest.”
Shettima highlighted Nigeria’s emergence as “a global hub for mineral refinement, beneficiation, and value-driven industrial growth.”
He praised the Kursi Group’s role in processing lithium for the global green energy transition and refining gold to international standards, noting, “There is no doubt that any enterprise processing our lithium for the global green energy transition, and refining our gold to international standards right here on our soil, eases our industrial ambition.”
The Vice President drew a broader lesson on national development: “Every nation that rises does so by mastering the value chain of its natural advantage. Every nation that commands respect in the world economy learns to convert resources into products, products into industries, and industries into national power.”
Following the commissioning, Shettima, accompanied by Kwara State Governor AbdulRahman AbdulRazaq and other dignitaries, toured the facility, which includes a refining factory and a state-of-the-art minerals marketing and tracking platform.
