NIGERIA LAUNCHES AFRICAN-LED FUND TO DRIVE MINING AND RESOURCE DEVELOPMENT

Africans for Africa Fund a new initiative aimed at using African capital to develop the continent’s mining and natural resource sectors.

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Nigerian Government Announces the Creation of the Africans for Africa Fund.
Nigerian Government Announces the Creation of the Africans for Africa Fund.



In a bold shift toward African-led development, the Nigerian government has announced the creation of the “Africans for Africa Fund,” a landmark investment initiative that aims to finance the continent’s mining and natural resources sectors using African capital.

Announced by Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, the fund is designed to reduce Africa’s reliance on foreign investment and reposition the continent as the architect of its economic destiny. The initiative was unveiled ahead of the 2025 African Natural Resources and Energy Investment Summit, taking place from July 15 to 17 in Abuja.

Unlike traditional funding models that depend heavily on external financing, the Africans for Africa Fund will tap into local and regional resources to fuel investment in mining, energy, and agriculture-linked industries. The goal is clear: transform Africa from a supplier of raw materials to a hub of industrial processing, value addition, and job creation.

The fund aligns closely with Nigeria’s Renewed Hope Agenda, which prioritizes mining sector reforms, environmental sustainability, and the empowerment of host communities through development agreements. A national mineral data platform is also being developed to ensure transparency and guide investments.

The upcoming summit, themed “Harnessing Local Content for Sustainable Development,” will bring together political leaders, CEOs, and experts from across the continent. Key topics include responsible mining, critical minerals for clean energy, and the strategic link between agriculture and the extractive sector. Confirmed speakers include Kenya’s former governor Hassan Joho, Sierra Leone’s mining executive Julius Mattai, and UN Energy Chief Damilola Ogunbiyi.

With this fund, Nigeria is not just calling for investment, it’s championing a mindset revolution. As Alake put it, “We’re no longer content to sit on wealth. We are ready to build with it for Africa, by Africans.”

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