The Federal Government has reaffirmed its commitment to fully protecting the assets of investors in Nigeria’s mining sector as part of broader efforts to attract increased domestic and foreign participation in the industry.
Minister of Solid Minerals Development, Mr. Dele Alake, gave the assurance during a recent stakeholder engagement session, emphasizing that the government is focused on creating a secure, predictable, and investor-friendly environment.
He highlighted Nigeria’s adoption of international legal standards, particularly the Cape Town Convention, which provides robust protection for mining equipment and other movable assets used in exploration, extraction, and processing operations.
According to the minister: “The move is expected to boost investor confidence, improve access to financing, and encourage both local and foreign participation in the mining industry.”
Alake explained that the ongoing reforms under the current administration aim to strengthen regulatory frameworks, enhance transparency, curb illegal mining activities, and position Nigeria as a competitive and attractive destination in the global mining value chain.
The assurance comes amid renewed government efforts to revitalize the solid minerals sector, including crackdowns on illegal operators, improved licensing processes, and strategic partnerships to unlock the country’s vast untapped mineral resources.
Stakeholders in the mining industry have welcomed the commitment to asset protection, noting that legal and security safeguards are critical to encouraging large-scale investments in exploration, processing, and value addition projects across the country.
