This surge comes as the West African nation aims to triple its rare-earth processing capacity — from 6,000 to 18,000 tonnes annually — for value-added production, signaling a seismic shift in Africa’s critical minerals landscape. Decades ago, Nigeria’s minerals were extracted with little fanfare, as the activities of artisanal miners and middlemen slowed progress in the mining sector, and the nation saw scant revenue.
Years later, reforms began: licensing was simplified, security marshals were deployed, and access to mining permits was eased. Despite these measures, progress remained gradual.
This year, building on those foundations, President Bola Tinubu’s administration signed a $400 million deal with Hasetins Commodities Limited to construct Africa’s largest rare-earth plant in Nasarawa State. The project is expected to boost production, create over 10,000 jobs, retain economic value domestically, and integrate small-scale miners into formal supply chains.
Over the next decade, Nigeria plans further expansions through technology-transfer partnerships. The goal is to meet global demand for rare earths used in electronics and clean energy, while fostering local R&D, university collaborations, and innovation centers. This strategy aims to position Nigeria as a reliable, independent supplier on the world stage.
Show more...