Nigeria's solid minerals sector is experiencing remarkable growth, with exports hitting ₦354 billion in 2025, according to the Solid Minerals Development Fund (SMDF). This milestone reflects a 33.5% increase from previous years, contributing over ₦108 billion to the national federation in just two years. The sector's expansion is pivotal as the country seeks to diversify its economy beyond oil.
Hajiya Fatima Shinkafi, Executive Secretary of the SMDF, highlighted the significance of this growth, stating, "The increased investment in solid minerals is crucial for sustainable economic development and job creation." This development aligns with the government's strategic focus on harnessing the country's rich mineral resources, which include gold, limestone, and tin.
Looking ahead, the continued rise of solid mineral exports could play a vital role in stabilizing Nigeria's economy amidst global oil price volatility. As policies further support infrastructure and investment in this sector, Nigeria may not only enhance its export capacity but also create a more resilient economic foundation for future generations. The solid minerals sector stands as a beacon of opportunity in Nigeria's quest for economic diversification.
