Nigeria’s Emerging Mineral Processing Landscape Overview

In Part 1 of this 2-Part Series (Part 2 publishes tomorrow), we examine Nigeria’s US$750 billion solid minerals sector which is fast becoming Africa’s next frontier.

Supported by over US$1.3 billion in lithium-linked investments in the last 3 years to date, Nigeria is evolving from exporting raw ore to developing in-country processing capacity that will power long-term industrialisation.

TEMPLARS Partner, Dayo Okusami, and Associates, Lawrence Ola-Adisa and Collins Chukwuonye, analyse the legal and regulatory reforms underpinning this shift.

They review the Nigerian Minerals and Mining Act, proposed amendments, new fiscal incentives, and the creation of the Nigeria Solid Minerals Company (NSMC), all designed to attract investors, enhance transparency, and strengthen value retention.

These reforms position Nigeria as a credible destination for mineral processing and a key player in the global race for critical minerals driving the energy transition.

View publication