The Federal Government has endorsed a $400 million investment to build Africa’s largest rare earth and critical minerals processing plant in Nasarawa State.
Promoted by Hasetins Commodities Limited, the plant is expected to generate over 10,000 jobs and significantly boost local value addition.
Minister of Solid Minerals, Dr. Dele Alake, described the project as key to Nigeria’s industrialisation under President Tinubu’s economic reforms.
The new facility will expand capacity from 6,000 to 18,000 metric tonnes, supporting technology transfer and artisanal mining.
Hasetins’ leadership praised Nigeria’s improved investment climate, driven by reforms in the mining sector.
The plant aims to position Nigeria as a major supplier of high-tech materials used in electronics, renewable energy, and defence.
