Nigeria discovers major polymetallic mineral province in Kaduna State

The Minister of Solid Minerals Development, Dele Alake, stated that this discovery, verified by the Nigerian Geological Survey Agency, is a major development for the country's mining industry and could enhance its position in the global critical minerals market. The announcement was made at the African Natural Resources and Energy Investment Summit 2026 in Abuja, where Alake highlighted the government's reforms to reposition mining as a key contributor to economic growth. These reforms include attracting investment, encouraging local processing, and boosting government revenues, moving away from raw mineral exports towards value-added processing.

Alake noted that the administration of President Bola Tinubu views the solid minerals sector as a strategic pillar for economic diversification. He also mentioned a significant increase in government revenues from the mining sector, rising from approximately N6 billion before the current administration to over N38 billion in 2024 and exceeding N70 billion by the end of 2025. Concurrently, Steron Mining and Company Limited unveiled an estimated 3.3 million metric tonnes of lithium reserves at its Abuja mining site during a tour for summit delegates.

The company's Managing Director and Chief Executive Officer, Abu Omar, explaine