NIGERIA'S STRATEGIC GROWTH PLAN FOR SOLID MINERALS
Plan · Energy
A Plan promotes the development of Nigeria's solid minerals sector for industrial growth and community empowerment. It targets government agencies, private investors, and artisanal miners to manage and safeguard mineral resources. This aims to create jobs and position Nigeria as a mineral processing hub.
What Is This Policy?
This policy is Nigeria’s blueprint for turning mining into a growth engine. It’s about using minerals not just for export, but for industrial development, energy transition, and community empowerment.
Who Does It Target?
The plan targets government agencies, private investors, artisanal miners, communities, and international partners. Citizens are the ultimate beneficiaries, while institutions and businesses are responsible for managing, funding, and safeguarding Nigeria’s mineral wealth.
What Does It Aim to Achieve?
The plan aims to turn mining into a growth engine by focusing on critical minerals for the energy transition, creating jobs, ensuring communities benefit, and making Nigeria a hub for mineral processing instead of just exporting raw materials.
Key Features
Economic Diversification Reduce dependence on oil by making solid minerals a significant contributor to GDP and foreign exchange. Critical Minerals for Energy Transition Prioritizes lithium, cobalt, nickel, and rare earths needed for renewable energy and battery production. Value Chain Development Focus on local processing, refining, and beneficiation rather than raw mineral exports and encourage downstream industries such as steel, cement, and battery manufacturing. Formalization of Artisanal Mining It Integrate small-scale miners into cooperatives and provide training, finance, and safer mining practices.
Current Status
Rollout Stage: implementation phase Coverage: applies nationwide Beneficiaries to Date: government, private workers, communities and citizens Funding: Federal government allocations, international partners and private sectors
Important Terms
Term 1-Critical Minerals These are minerals essential for the global energy transition, such as lithium, cobalt, nickel, and rare earth elements. Nigeria’s plan prioritizes these for renewable energy and battery production. Term 2- Value Chain Development It involves moving beyond raw mineral exports to local processing, refining, and beneficiation. This encourages downstream industries like steel, cement, and battery manufacturing
Official Resources
Ministry of Solid Minerals Development Website: https://msmd.gov.ng Head Office Address: No. 2 Luanda Crescent, Off Adetokunbo Ademola Crescent, Wuse II, Abuja, Nigeria. Phone Numbers: +234 705 406 5774 +234 803 856 1047 Emails: [email protected] [email protected] [email protected] Link to the document- Link to document
Legal Framework
Operates under the Minerals and Mining Act 2007, the Mining Regulations 2011, the Nigerian Investment Promotion Commission Act 1995, the Extractive Industries Transparency Initiative (EITI) Nigeria framework, and the Nigerian Export Promotion Council Act. Draws on the African Mining Vision and the ECOWAS Mineral Development Policy.