N38BN GENERATED FROM MINING SECTOR IN 2024 SAYS ALAKE

Nigeria’s solid minerals sector attracted over $800m in processing projects in 2024.
It also generated over N38bn in revenue in 2024, up from just N6bn the previous year, despite receiving only 18 per cent of its N29bn budgeted allocation.
The Minister of Solid Minerals Development, Dele Alake, revealed this during a feature interview for an upcoming State House documentary marking President Bola Tinubu’s second anniversary.
Alake attributed the growth to the Tinubu administration’s new policy of local value addition and a tightened licensing regime.