From Charity Nwakaudu, Abuja
The Federal Government has pledged full support to a $ 400 million Foreign Direct Investment (FDI) plan to build Africa’s largest rare earth and critical minerals plant in Nasarawa State, potentially creating over 10,000 jobs nationwide.
The Minister of Solid Minerals Development, Dr. Oladele Alake stated when he hosted the Managing Director/CEO of Hasetins Commodities Ltd, Prince Jidayi Ijudigal, and his team, in Abuja.
Alake explained that the establishment of the plant would promote skills transfer and boost the contributions of the solid minerals sector to the economy.
The Minister stressed that it will play a significant milestone in efforts to spur investor confidence in the mining sector,
Dr. Alake who commended the project funders Hasetins Commodities Limited for keying into the value addition campaign of President Bola Tinubu’s administration confirmed that mineral processing is the strategy to take the jobless from the streets.
Dr. Alake applauded the company for its strategic foresight and patriotic investment in a $400 million rare earth metals plant.
The Minister praised Hasetins for aligning its operations with the federal government’s drive for in-country processing and beneficiation of minerals.
“I’m glad our ongoing engagements have culminated in this groundbreaking initiative. With your collaboration, we are now witnessing the establishment of the largest rare earth and critical metals plant in Africa, right here in Nigeria”
“On behalf of the President, the Ministry, and the Nigerian people, I commend your commitment to this vital sector. Your patriotic zeal confirms that our policies are on the right track and producing tangible results” Dr. Alake added.
“Hasetins hopes to add 12,000 metric tonnes to its current 6,000 metric tonnes installed capacity as preparations for the forthcoming groundbreaking of the additional facility gathers momentum”
Dr. Alake therefore reaffirmed the federal government’s full institutional support for the project, underscoring its alignment with the Ministry’s vision of transforming Nigeria’s solid minerals into a cornerstone of industrial growth and economic diversification.
On his part, the Managing Director/CEO of Hasetins Commodities Ltd, Prince Jidayi Ijudigal, lauded
the Minister’s leadership reforms, which have significantly improved investor confidence and streamlined access to the mining sector.
“We have observed the introduction of mining marshals to combat illegal mining and reforms that have simplified the licensing process. These efforts have directly influenced our decision to invest heavily in this project. Beyond this flagship plant, we are also establishing regional separation plants and empowering local communities and miners,” he said.
Prince Jidayi noted that the company’s model ensures early-stage beneficiation by pre-separating metals locally, generating immediate income for artisanal miners.
“The initiative also includes training, provision of protective equipment, and broader community engagement.
In his contribution, the Director of Corporate Affairs of Hasetins, Peter Butt, who commended Dr. Alake for bringing renewed purpose and structure to the mining sector emphasised that the Minister’s strong emphasis on local value addition reinforced the company’s decision to invest in sustainable, community-driven development.