In an update published by ThisDay (via State House reports), Vice President Kashim Shettima revealed that Nigeria’s mining sector has successfully attracted $2.6 billion in Foreign Direct Investment (FDI) over the last 30 months. The Vice President attributed this influx to the aggressive regulatory reforms and transparency initiatives spearheaded by the Tinubu administration to diversify the economy away from oil.
Corroborating this report, **Premium Times** highlighted that several international mining firms have recently secured licenses for lithium and gold extraction, quoting an industry analyst who said, “Nigeria is finally unlocking the value of its solid mineral deposits.” Additionally, **The Sun** reported that the government is planning to launch a specialized “Mining Police” force to protect these new investments from illegal miners.
**Echotitbits take:** The $2.6bn figure represents a major win for the “Renewed Hope” economic agenda. The focus now shifts to whether these investments will translate into local jobs and improved infrastructure in mining host communities.
Source: State House – https://statehouse.gov.ng/vp-shettima-nigerias-mining-sector-alone-attracted-2-6bn-in-30-months/, May 7, 2026
Photo credit: State House
