The Nigerian government has endorsed a major $400 million investment to establish Africa’s largest rare earth minerals processing facility in Nasarawa State.
This strategic project, developed in partnership with international mining firms, aims to position Nigeria as a key player in the global supply chain for critical minerals used in renewable energy technologies, electronics, and defence systems.
The processing plant will focus on extracting and refining rare earth elements such as neodymium, praseodymium, and dysprosium – essential components for manufacturing wind turbines, electric vehicles, smartphones, and other advanced technologies.
With growing global demand for these minerals, the facility is expected to significantly boost Nigeria’s mining sector while reducing the continent’s reliance on foreign processing capabilities.
Government officials highlight that the project will create thousands of direct and indirect jobs, stimulate local economic development, and generate substantial foreign exchange earnings.
The initiative aligns with Nigeria’s broader industrialisation strategy and energy transition plans, particularly as the world shifts toward green technologies. Environmental safeguards and sustainable mining practices will be implemented to minimise ecological impact.
Nasarawa State was selected due to its substantial rare earth deposits and existing mining infrastructure. The project includes technology transfer components to build local expertise in mineral processing.
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cc: Daily Post Ng
