The European Union (EU) has expressed strong interest in partnering with Nigeria to develop its solid minerals sector, as part of broader efforts to deepen economic ties and support trade diversification in Africa’s largest economy.
This commitment was made by the EU Ambassador to Nigeria and ECOWAS, His Excellency Gautier Mignot, during a courtesy visit to Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, in Abuja.
Ambassador Mignot praised the Nigerian government for its ongoing reforms aimed at transforming the mining industry. He emphasized the EU’s willingness to explore investment opportunities and build sustainable, mutually beneficial partnerships within the sector.
“The EU is keen to better understand Nigeria’s solid minerals landscape and connect European investors with the emerging opportunities here,” Ambassador Mignot stated.
Responding, Dr. Alake welcomed the EU’s interest and stressed that Nigeria is ready to engage international partners to unlock the full value of its mineral resources.
“The time is ripe to move from dialogue to action. With over $700 billion in estimated mineral deposits—lithium, cobalt, copper and more—Nigeria is a compelling destination for strategic investment,” Alake said.
He outlined attractive incentives for investors, including tax waivers on mining equipment, full repatriation of profits, security assurances through mining marshals, and streamlined licensing processes. However, he made it clear that local value addition is a non-negotiable condition for all mining investments.
“We are not exporting raw materials anymore. Investors must demonstrate how they plan to process and add value locally—this is key to boosting jobs, technology transfer, and industrial growth,” Alake added.
Dr. Alake also addressed global concerns around illegal mining and the demand for ethically sourced minerals. He revealed that Nigeria is deploying systems to ensure traceability and transparency, including satellite surveillance and strict pre-shipment inspection protocols.
“No more smuggling of lithium and other key minerals. We are working with global partners to ensure our resources are not exploited unfairly,” he said.
Ambassador Mignot reaffirmed the EU’s support and said the bloc will actively engage member states and European businesses to tap into the growing opportunities in Nigeria’s mining sector.
“We see this as a long-term relationship focused on responsible, sustainable growth. Nigeria is an essential partner for the EU,” he concluded.
