Nigeria has officially joined the African Extractive Minerals Development Bank (AEMBANK) after years of delays, marking a major step toward strengthening the country’s solid minerals and mining sector.

With the completion of its membership process, Nigeria is now positioned to access development financing, technical support, and regional collaboration aimed at boosting mineral extraction, value addition, and industrial growth across Africa.

The move is expected to accelerate investment in Nigeria’s mining industry, reduce overdependence on oil, create jobs, and enhance revenue generation. It also aligns with the Federal Government’s broader economic diversification agenda and efforts to fully harness the nation’s vast untapped mineral resources.