The Lagos State Chapter of the All Progressives Congress (APC) has commended President Bola Tinubu’s administration for its strategic reforms in the solid minerals sector, which it claims are diversifying the economy and attracting significant foreign investment.
In a statement issued on Monday by its spokesman, Hon. Seye Oladejo, the party outlined a series of policy initiatives under the government’s “Renewed Hope Agenda” that are positioning mining as a new pillar of national prosperity.
The statement highlighted key interventions, including the launch of the Nigerian Mineral Resource Strategy (2024–2033), the establishment of the Nigerian Solid Minerals Development Company (NSMDC), and the creation of the Mining Marshals initiative to combat illegal activities.
“The administration’s policy now emphasizes beneficiation and local processing, ensuring Nigeria no longer exports raw minerals but finished products that create jobs and enhance national value chains,” the Lagos APC stated.
The party also pointed to several high-profile international investments it attributes to the new policy environment. These include a reported $500 million pledge from the Qatar Investment Authority for lithium and gold projects, over $1.2 billion in Memoranda of Understanding with Chinese and Australian consortiums, and a Canadian-Nigerian joint venture in Niger State projected to generate significant export earnings.
According to the release, these reforms are designed to move the Nigerian economy away from its historical over-dependence on oil revenue. The government has introduced incentives such as tax holidays and duty waivers, while the Mining Cadastre Office has been streamlined for transparent licensing.
The Lagos APC praised President Tinubu and the Minister of Solid Minerals Development, Dr. Dele Alake, for “redefining mining as a pillar of Nigeria’s future prosperity” and bringing “structure, accountability, and global recognition to a sector long neglected.”
The statement concludes by affirming the party’s support for these efforts, expressing confidence that the country is on the threshold of a new industrial revolution powered by its mineral wealth.
