In alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda for economic diversification and value addition, the Federal Government has pledged its full support for a major Foreign Direct Investment (FDI) initiative to establish Africa’s largest rare earth and critical minerals processing plant in Nasarawa State.

The transformative project, backed by a $400 million investment from Hasetins Commodities Ltd, is expected to generate over 10,000 new jobs, promote genuine skills transfer, and significantly enhance Nigeria’s capacity to process its own mineral resources domestically, reducing dependence on exports of raw materials.

The Federal Government expressed deep appreciation to Prince Jidayi Ijudigal and his team for their foresight and commitment to driving investment in line with President Tinubu’s vision for sustainable development and industrial growth.

This initiative marks a major step forward in harnessing Nigeria’s mineral wealth for national prosperity. The government has assured that all necessary institutional support will be provided to ensure the success of the project, reaffirming its unwavering commitment to national development through strategic partnerships and private sector-led growth.