President Bola Tinubu has called for a complete overhaul of the global financial system guiding Africa’s mineral resources.
Speaking at a UNGA event through Vice President Kashim Shettima, he urged African nations to fund their own exploration, processing and value-addition to strengthen sovereignty and global supply chains.
President Bola Ahmed Tinubu has urged a comprehensive overhaul of the global financial framework governing Africa’s mineral resources, stressing the need for the continent to not only fund its own extractive industries but also assert a stronger role in international supply chains.
He said this transformation is essential to safeguard the sovereignty of African nations and pressed development partners to collaborate with the continent in building a robust mineral economy that delivers tangible benefits to its people.
Speaking through Vice President Kashim Shettima at the Second Africa Minerals Strategy Group (AMSG) High-Level Roundtable on Critical Minerals Development in Africa, held alongside the 80th United Nations General Assembly in New York, Tinubu reaffirmed Nigeria’s commitment to a “mineral-led renaissance” under the Renewed Hope Agenda.
He called on African governments to break the cycle of importing processed goods by investing more decisively in state-backed exploration, processing, and value-addition initiatives. According to him, realizing Africa’s mineral potential depends on four key priorities, including stronger leadership, pooling of sovereign wealth funds, and deeper private-sector partnerships.
Nigeria’s president appealed to governments, investors, and development allies to work together to rewrite the continent’s mineral narrative.
Welcoming participants to the event, Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, said African nations must build cohesion and transparency across the extractive sector. He noted that with unity of purpose and renewed partnerships, the continent can fully harness the benefits of a harmonized and sustainable mineral industry, adding that Africa’s resources remain indispensable to global sustainable development and are central to its own rapid industrialization.
