HomeBusiness$400m Nasarawa project to drive Nigeria’s critical mineral pivot

$400m Nasarawa project to drive Nigeria’s critical mineral pivot

…As FG hails firm for environmental friendly measures

Nigeria is on track to position itself as Africa’s primary hub for critical mineral refining, following a federal regulatory assessment of an ongoing $400 million rare earth processing plant in Uke, Nasarawa State.

The facility, under development by indigenous firm Hasetins Commodities Limited, is projected to inject an additional 12,000 tonnes per annum (tpa) into the market. Upon full commissioning, the project will scale the company’s total output to 18,000 tpa, a volume expected to place Nigeria ahead of regional peers in the global green energy supply chain.

Ganiyu Imam, Director of the Mining Inspectorate, and Oladehinde Oladusi, a Deputy Director representing the Mines Environmental Compliance department, led a joint delegation from the Federal Ministry of Solid Minerals Development (MSMD) to inspect the site and audit the project’s regulatory alignment and infrastructural milestones.

Imam stated that the capital expenditure comes amid a

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