Nigeria and AFC Join Forces to Boost Mining Sector

The Nigerian government is teaming up with the Africa Finance Corporation (AFC) to gather data and process minerals in the solid minerals sector. The Ministry of Solid Minerals Development will work with the AFC to de-risk investment in the mining sector by collecting data. The Minister of Solid Minerals, Dele Alake, emphasized the importance of data gathering in making informed decisions and attracting investors. The partnership between the AFC and the Solid Minerals Development Fund (SMDF) will support the development of the mineral sector and contribute to job creation and increased fiscal revenues. The AFC President, Samaila Zubairu, expressed the corporation’s commitment to supporting the BIG Data project, value-added processing centres, and local mining companies. This collaboration aims to promote rapid economic development in Nigeria.

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