President Bola Tinubu, yesterday, announced a historic increase of N4.5 trillion in Nigeria’s 2025 national budget, with N1 trillion specifically earmarked for the solid minerals and mining sector, the single largest investment in the country’s mining history.

He said the new allocation would fund geo-scientific exploration, detailed geological surveys and development of critical infrastructure to unlock the nation’s mineral-rich regions.

Tinubu, who disclosed this in Abuja at the 10th Nigeria Mining Week, observed that the investment would create jobs, stimulate industrialisation, and generate foreign exchange, while reducing the nation’s dependence on oil.

The President stated that the Renewed Hope Agenda remains anchored in diversification, value addition, and inclusive prosperity, noting that the solid minerals sector has become a vital pillar of this strategy.

Represented by Secretary to the Government of the Federation (SGF), George Akume, the President reaffirmed his administration’s commitment to transforming the mining industry into a cornerstone of Nigeria’s diversified economy.