Nigeria Secures Turkish Investment in Solid Minerals Sector

For decades Nigeria has relied heavily on oil revenue. Now the solid minerals ministry under Hon. Dele Alake is drawing global investors. During his visit to Türkiye, Energy Minister Alparslan Bayraktar praised Nigeria’s reforms. He confirmed that Turkish companies are ready to invest in mining, energy and hydrocarbon projects. Both governments signed a memorandum of understanding at the Istanbul Natural Resources Summit. The agreement will boost cooperation in exploration, training, digitisation and licensing. Minister Alake also highlighted tougher action against illegal mining. Over 300 operators have been arrested and more than 100 illegal sites returned to legitimate licence holders. These measures aim to secure investor confidence and diversify Nigeria’s revenue base.

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