The mining company Daroo Nigerian Limited has indicated that it wants to go to Nigeria to invest 20 billion dollars (around 12,000 billion FCFA) in the sector in order to stimulate the country’s economy. The announcement was made by its Nigerian representative Alhaji Mohammed Abba Liman on Monday 5 February 2024.
The countries that have shown a concrete interest in investing in solid minerals are the United Kingdom, Saudi Arabia, Turkey, China and France. These solid minerals include lithium, lead, gold, etc.
Alhaji Mohammed Abba Liman maintains that the sudden interest of investors is in line with the achievements of the mineral resources forum organised by Saudi Arabia in December 2023, during which the Nigerian Minister of Solid Minerals, Dele Alake, led a Nigerian delegation and made an impressive presentation.
According to Liman, the implementation of the (ongoing) roadmap for the development of the solid minerals sector by the current administration is a long-term strategic vision. Indeed, it is consistent with President Bola Ahmed Tinubu and Mines Minister Dele Alake’s diversification blueprint in pursuit of an ambitious economic agenda.
“It is high time to redirect our national economic and monetary policy priority from oil to the development of the solid minerals sector through strategic investments”, Dele Alake hinted.
The Nigerian authorities are convinced that the country’s economy will soon receive a major boost from the development of the solid minerals sector, with its billion-dollar value chain.
Georges YOUL
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