The Tinubu Stakeholders Forum (TSF) has hailed Nigeria’s attraction of over $2.6 billion in foreign direct investment (FDI) into the mining sector within the past two years, describing it as strong evidence that ongoing reforms are driving economic diversification and industrial growth.
In a statement signed by its Chairman, Ahmad Sajoh, and Secretary, Danjuma Sada, the group said the development reflects growing investor confidence in the reform agenda of President Bola Ahmed Tinubu.
TSF noted that improved governance, digitisation of licensing processes, and intensified efforts to curb illegal mining are restoring credibility to the sector. According to the group, the Federal Government’s actions such as revoking dormant licences and enhancing transparency in mineral title administration are sending a clear message that Nigeria’s mineral resources will be better managed.
The forum further observed that the reforms are attracting investors committed to local value addition, with firms reportedly investing in lithium processing and related infrastructure in the country. It described this as a shift from the traditional export of raw minerals toward building domestic industrial capacity.
According to TSF, the emergence of processing plants and value-chain investments signals a broader strategy to link mining with manufacturing, job creation, and technology transfer. The group stressed that such efforts are critical to reducing Nigeria’s longstanding dependence on oil and gas.
It added that strengthening the mining value chain would support local industries by providing raw materials, boosting employment, and stimulating investments in power and logistics.
The forum, however, urged the Federal Government to sustain the reform momentum by strengthening enforcement, improving geological data, engaging host communities, and ensuring that the benefits of mining are widely shared.
TSF maintained that consistent implementation of these policies could reposition Nigeria from a resource dependent economy to a productive, industrialised nation.
