(3 Minutes Read)
The Federal Government of Nigeria has officially backed a groundbreaking USD 400 million Foreign Direct Investment (FDI) aimed at constructing Africa’s largest rare earth and critical minerals processing plant in Nasarawa State, situated in the country’s North-Central region.
This transformative project is being spearheaded by Hasetins Commodities Limited, a company already active in the nation’s mining sector. Once operational, the facility is projected to create over 10,000 jobs across the country, significantly enhancing local employment and contributing to broader economic development. The plant will also serve as a strategic platform to position Nigeria as a continental leader in the processing and export of critical minerals essential for clean energy, electronics, and advanced technologies.
The announcement was made through an official statement by Dr. Dele Alake, the Special Assistant on Media to the Minister of Solid Minerals Development. Dr. Alake emphasised that this massive investment aligns perfectly with President Bola Ahmed Tinubu’s economic agenda, which focuses onvalue addition within Nigeria’s borders. The President’s policy framework aims to prioritise in-country mineral refining and beneficiation as tools for sustainable job creation and national economic diversification.
During a formal visit by the Managing Director and CEO of Hasetins Commodities Limited, Jidayi Ijudigal, and his team, Dr. Alake lauded the company’s forward-thinking approach and its commitment to developing Nigeria’s mineral sector. He highlighted that the collaboration is a testament to the effectiveness of government policies aimed at attracting serious investors to the solid minerals industry.
“With your partnership, we are now witnessing the birth of what will be the largest rare earth and critical minerals plant in Africa, right here on Nigerian soil,” Dr. Alake remarked. “Your dedication and strategic commitment signal that our reforms are not only effective but are yielding tangible results.”
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https://trendsnafrica.com/africa-an-alternate-destination-for-sourcing-rare-earth/
Currently, Hasetins Commodities operates a processing facility with a capacity of 6,000 metric tonnes. The company intends to double this capacity to 12,000 metric tonnes with the launch of the new facility. In addition to the central processing plant, the company is investing in regional separation centers, designed to bring beneficiation processes closer to artisanal mining communities. This decentralised model is expected to enhance efficiency, reduce logistical costs, and empower local miners with better infrastructure and support.
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