The Digest:
President Bola Tinubu has asserted that Nigeria’s vast mineral resources leave the nation with no excuse for poverty, championing a new rallying cry to transform “Minerals to Miracles.” Speaking at the 2025 Nigeria Mining Week in Abuja, the President, represented by SGF George Akume, committed to securing mining areas and harnessing the country's potential to generate prosperity and signal Africa's forward path in value-added development.
Key Points:
- President Bola Tinubu declared that “Nigeria has no reason to be poor.”
- He unveiled “Minerals to Miracles” as a new rallying cry for the sector.
- The government pledged to ensure mining areas are safe for investors and communities.
- NEITI reported the sector’s GDP contribution remains below 1%, despite revenue growth.
- Revenues grew from ₦339.57 billion in 2022 to ₦401.87 billion in 2023.
- Artisanal mining dominates, accounting for over 80% of production but less than 30% of royalties.
- Officials called for a harmonized regulatory framework to attract long-term investment.
Sources: Channels Television
