Shettima Urges Africa Against Exporting Mineral Wealth Without Achieving Full Benefits
He said Africa must keep more mineral value at home through processing, manufacturing and stronger financing, while communities near deposits remain poor.
- At the 81st United Nations General Assembly in New York, Vice-President Kashim Shettima represented President Bola Tinubu, calling on African countries to end decades of exporting mineral wealth without capturing sufficient value from processing and industrialization.
- Tinubu spearheaded an aggressive alliance to transition Africa from a mere supplier of raw minerals to a hub for local processing and value addition, citing global demand for clean energy and artificial intelligence making the continent's critical minerals indispensable.
- Nigeria's mining revenue surged from approximately N6 billion in 2023 to between N68.1 billion and N70 billion in 2025, while Minister of Solid Minerals Development Dele Alake proposed an African Artisanal Mining Formalisation and Safety Facility to support member states.
- Member countries signed the Continental Integration and Economic Assurance Declaration establishing unified architecture for critical minerals value chains, with Tinubu insisting the framework survive through binding programmes with clear timelines and public accountability.
- Informal mining has claimed over 200 lives in the Eastern Democratic Republic of Congo and 60 in West Kordofan, Sudan, prompting officials to warn that competing through lower royalties weakens Africa's negotiating power, as Tinubu declared, "For generations, Africa has furnished the materials of prosperity elsewhere. Our duty is to ensure that the future being fashioned from African minerals has room for African ambition.
19 Articles
19 Articles
Shettima Urges Africa Against Exporting Mineral Wealth Without Achieving Full Benefits
Speaking on behalf of President Bola Tinubu at the Third Africa Minerals Strategy Group High-Level Roundtable in New York, Shettima said Africa could not regard itself as wealthy while communities located around mineral deposits remained poor.
Africa must stop exporting raw minerals and start building industries - Shettima - TV360 Nigeria
Vice President urges African countries to coordinate mineral policies, develop regional processing hubs and ensure communities hosting mineral resources benefit from the continent’s vast wealth….. Africa must fundamentally change the way it exploits its mineral resources, Vice President Kashim Shettima has said, warning that the continent cannot continue exporting raw minerals while remaining on the …
Tinubu Urges Africa To End Raw Mineral Exports
Nigerian President Bola Ahmed Tinubu has called for stronger cooperation among African countries to end raw mineral exports and ensure the continent captures more… The post Tinubu Urges Africa To End Raw Mineral Exports appeared first on Latest Breaking News - News Central TV.
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