Vice President Kashim Shettima says reforms introduced by the administration of President Bola Tinubu in the mining sector have attracted more than $2.6 billion in foreign direct investment over the past 30 months.

Shettima stated this on Wednesday in Abuja during the commissioning of the headquarters of Kursi Group, established by Ambassador Abdulfatai Yahaya Seriki Gambari.

According to the Vice President, the government’s efforts to de-risk the mining environment and strengthen investor confidence are beginning to yield results. He added that local value addition has now become a key condition for licensing in the sector.

“Nigeria is no longer content to be a warehouse of raw materials,” Shettima said, noting that the country is positioning itself as a hub for mineral refinement, beneficiation, and industrial growth.

He stressed the importance of converting natural resources into finished products and industrial capacity, saying nations achieve economic strength by mastering the value chain of their resources.

Highlighting the role of Kursi Group, Shettima said companies processing lithium and refining gold locally are contributing to Nigeria’s industrial ambitions and supporting the global transition to green energy.

Following the commissioning, the Vice President, alongside AbdulRahman AbdulRazaq and other dignitaries, toured the facility, which includes a refining factory and a digital minerals marketing and tracking platform.

The event drew investors in the mining industry, as well as traditional and religious leaders from Kwara State and other parts of the country.