President Tinubu: “All New Mining Licenses Must Have Local Value”
President Bola Ahmed Tinubu has directed that new mining licenses in Nigeria must be tied to local value addition, reinforcing the Federal Government’s commitment to beneficiation, domestic processing and industrial development within the solid minerals sector.
Nigeria’s policy signal reflects a strategic shift toward ensuring that mineral extraction is directly linked to domestic processing, job creation, skills development and increased participation of Nigerians in mineral value chains.
01. Key Policy Signal
- New mining licenses in Nigeria must be tied to local value addition.
- The directive aims to reduce the export of crude mineral commodities.
- The policy supports job creation, skills development and foreign exchange earnings.
- Nigeria is positioning itself as a leader in critical metals.
02. Why This Matters
Nigeria’s directive strengthens the continental shift away from the export of raw minerals toward domestic beneficiation and industrialisation. By linking mining licenses to local value addition, Nigeria is using licensing policy as a tool to reshape mineral supply chains and retain greater economic value within the country.
03. AMSG Analysis
For the Africa Minerals Strategy Group, Nigeria’s policy direction is significant because it places value addition at the centre of mineral licensing. This aligns with Africa’s wider critical minerals agenda, which seeks to move the continent from raw material supply toward processing, manufacturing and strategic participation in global mineral value chains.
04. Original Source
Federal Ministry of Information and National Orientation, State House Press Release: “President Tinubu: All New Mining Licenses Must Have Local Value,” 17 July 2024.
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