25/05/2025
Alake: Tinubu?s Mining Reforms Yield Six-fold Increase In Revenue, $800m Foreign Investment
Nigeria | 2 hours ago * Says solid minerals sector generated over N34bn revenue in 2024 as against N6bn in 2023 Deji Elumoye in Abuja The Minister of Solid Minerals Development, Mr Dele Alake, has disclosed that Nigeria#8217;s solid minerals sector, driven by President Bola Tinubu administration#8217;s new policy of local value addition and a tightened licensing regime, attracted over $800 million in processing projects last year. He also stated that the sector also generated over N38 billion in revenue in 2024, up from just N6 billion the previous year, despite receiving only 18% of its N29 billion budgeted allocation. #8220;When we resumed, the entire sector generated N6 billion...
