Today, I met with the Saudi Arabian Minister of Industry and Mineral Resources, Ibrahim Al-Khorayef, ahead of the Future Minerals Forum in Riyadh, and I am encouraged by how far Nigeria has come in the solid minerals sector.
We are moving beyond exporting raw materials. We now have a high-purity gold refinery operating in Lagos, three more in development, and a 600 million dollar lithium processing plant in Nasarawa ready for commissioning. These projects are helping position Nigeria as a serious player in the minerals needed for the global energy transition.
I commended Saudi Arabia for using the forum to connect countries across regions and made it clear that Nigeria wants to deepen this partnership. There are areas where they have strong expertise and others where we do, and I believe we can work together on training, technology transfer, and mineral exploration.
Following last year’s forum, we set up a joint working group with the Saudi Chamber of Commerce, and its report is now ready. I also stressed that mineral traceability, environmental and social standards, and proper mine rehabilitation must be at the heart of any collaboration if we want to build lasting investor confidence.