The Lagos State Chapter of the All Progressives Congress (APC) says Nigeria is now on the threshold of a new industrial revolution.
By Adeyemi Adeleye
The Lagos State Chapter of the All Progressives Congress (APC) says Nigeria is now on the threshold of a new industrial revolution.
The APC Spokesman, Mr Seye Oladejo, said, in a statement on Monday in Lagos, that the transformation was being driven by President Bola Tinubu’s Renewed Hope Agenda.
Oladejo said that the agenda was unlocking the country’s vast mineral wealth for sustainable growth.
He said the Tinubu administration had redefined Nigeria’s economic direction through strategic reforms in mineral exploration and industrial development.
Oladejo said decades of dependence on crude oil had stunted the nation’s industrial potential, leaving huge mineral resources untapped.
He said the Renewed Hope Agenda had reversed that trend through a bold diversification blueprint, anchored on transparency and local value addition.
According to him, President Tinubu’s economic vision is positioning solid minerals as the new frontier of Nigeria’s industrial future.
“The mining sector is being rebuilt to support processing, manufacturing, and technology-driven industries,” Oladejo said.
According to him, the Nigerian Mineral Resource Strategy (2024–2033) is a 10-year roadmap designed to attract investors and promote community participation.
Oladejo noted that the establishment of the Nigerian Solid Minerals Development Company (NSMDC) had enhanced private sector partnership and investment coordination.
He said other key initiatives included the creation of Mineral Resource and Environmental Management Committees across states and the Mining Marshals Initiative under the NSCDC.
According to him, the government has also provided incentives such as tax holidays, duty waivers, and full profit repatriation to attract global investors.
He said reforms at the Mining Cadastre Office had ensured digital licensing and transparency, thereby boosting confidence among local and foreign stakeholders.
“The results are already visible,” he said, citing major investments by Qatar, Canada, China, and Australia in Nigeria’s mineral development.
Oladejo said these investments, worth billions of dollars, were focused on lithium, gold, granite, zinc, and rare earth elements.
He noted that these projects would stimulate industrial activities in sectors such as energy, cement, ceramics, and electronics manufacturing.
According to him, the Tinubu administration is also ensuring sustainability through local processing rather than export of raw minerals.
He said partnerships with the African Finance Corporation and the Nigerian Sovereign Investment Authority were providing infrastructure financing for mining corridors and industrial parks.
Oladejo described the Renewed Hope Agenda as a catalyst for inclusive development, job creation, and long-term prosperity.
He praised President Tinubu and the Minister of Solid Minerals Development, Dr Dele Alake, for demonstrating foresight and leadership in repositioning the sector.
“The Renewed Hope Agenda has set Nigeria on a firm path toward a knowledge-driven, technology-based industrial revolution,” Oladejo said.
He added that the Lagos APC fully supports the Federal Government’s efforts to transform mineral wealth into lasting national prosperity.
The News Agency of Nigeria (NAN) reports that Nigeria’s solid minerals sector remained underdeveloped for decades despite vast deposits of gold, lithium, limestone, and iron ore across many states.
The Renewed Hope Agenda seeks to diversify the economy, strengthen non-oil exports, and create industrial value chain through responsible mineral exploitation. (NAN) (www.nannews.ng)