Nigeria’s solid minerals exports are reported to have reached ₦354 billion in 2025, according to the Solid Minerals Development Fund (SMDF). Vanguard reports that this figure represents a substantial increase from ₦117.29 billion recorded in 2023, with 2025 exports described as part of an ongoing uptrend supported by reforms. The reports also provide figures for earlier periods: exports for nine months of 2024 are cited as ₦199.6 billion, with the full-year 2024 projection estimated to be above ₦266 billion. SMDF’s Executive Secretary and CEO, Hajiya Fatima Shinkafi, attributes the growth to sector developments under the reform agenda. In addition to the export figures, the reports state that revenue generated for the Federation Account from the solid minerals sector has reached over ₦70 billion, alongside claims that the sector generated more than ₦108 billion for the Federation in two years and grew by 33.5% in 2025. The figures are presented as official SMDF disclosures, covering both export performance and associated fiscal contributions.
Nigeria’s solid minerals exports reach ₦354bn in 2025, SMDF reports
Nigeria’s solid minerals exports are reported to have reached ₦354 billion in 2025, according to the Solid Minerals Development Fund (SMDF). Vanguard reports that this figure represents a substantial...
- SMDF reports Nigeria’s solid minerals exports reach ₦354 billion in 2025.
- Exports reportedly rise from ₦117.29 billion in 2023 to ₦354 billion in 2025.
- For nine months of 2024, exports are cited as ₦199.6 billion; full-year 2024 is estimated above ₦266 billion.
- SMDF says the sector generates over ₦70 billion for the Federation Account (with additional claims of over ₦108 billion in two years).
- SMDF links the increase to ongoing reforms in the solid minerals sector.
By Gabriel Ewepu Nigeria’s solid minerals exports have sustained uptrend rising to N354 billion in 2025, up by 2018 percent from N117.29 billion recorded in 2023. The figure for nine months 2024 was N199.6 billion with full year estimated to be over N266 billion. Similarly, revenue generated for the Federation Account climbed to over N70 billion, […] The post Nigeria solid minerals exports hit N354bn appeared first on Vanguard News.
1 hour agoTHE Executive Secretary and Chief Executive Officer, CEO, Solid Minerals Development, SMDF, Hajiya Fatima Shinkafi, has disclosed that Nigeria’s solid minerals exports hit ₦354 billion in 2025. The post Nigeria solid minerals exports hit ₦354bn in 2025 – Shinkafi appeared first on Vanguard News.
8 hours agoSector Generated Over ₦108bn for Federation in Two Years, Grew 33.5% in 2025 By Gabriel Ewepu ABUJA — The Executive Secretary and Chief Executive Officer of the Solid Minerals Development Fund (SMDF), Hajiya Fatima Shinkafi, says Nigeria’s solid minerals exports reached ₦354 billion in 2025, as the sector recorded significant growth under ongoing reforms. Shinkafi […] The post Nigeria’s solid minerals exports reached ₦354bn in 2025 – SMDF appeared first on Vanguard News.
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