The Federal Government has thrown its weight behind a $400 million investment by Hasetins Commodities Limited to build Africa’s largest rare earth and critical minerals plant in Nasarawa State. The project is expected to create over 10,000 jobs and significantly boost Nigeria’s solid minerals sector.
Minister of Solid Minerals Development, Dr. Dele Alake, praised Hasetins for aligning with President Bola Ahmed Tinubu’s drive for in-country mineral processing and value addition. He emphasised that the initiative will enhance skills transfer, increase investor confidence, and deliver immediate benefits to local communities.
Hasetins CEO, Prince Jidayi, credited recent mining reforms, including the introduction of mining marshals and licensing simplification, as key motivations behind the company’s investment. The firm will also set up regional processing hubs and offer training and equipment to artisanal miners.
With a planned capacity expansion from 6,000 to 18,000 metric tonnes, this landmark project underscores the Tinubu administration’s success in turning solid minerals into a catalyst for economic transformation.
- Kamorudeen Olawale Yusuf
Personal Assistant on Special Duties to the President
Federal Republic of Nigeria
