Nigeria's solid minerals sector has experienced a remarkable surge, with exports reaching N354 billion in 2025, representing a staggering 2018 percent increase from N117.29 billion in 2023. This growth trajectory is not just a flash in the pan; it follows a robust performance in 2024, where exports for the first nine months amounted to N199.6 billion, with projections exceeding N266 billion for the entire year. These figures underscore a significant upturn in a sector that has often been overshadowed by oil.
The Nigerian government has been actively promoting the mining sector as part of its diversification strategy. "Our focus on solid minerals is yielding impressive results, and we are committed to supporting sustainable growth in this industry," stated Olamide Ogunleye, Director of the Ministry of Mines and Steel Development. This emphasis on solid minerals aims to reduce the economy's dependence on oil, which has been vulnerable to price fluctuations.
Looking ahead, the continued investment and policy support could position Nigeria as a leading player in the global minerals market, unlocking further economic potential and job opportunities in the process.
