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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

African Nations Must Stop Exporting Raw Minerals, Urges Nigerian Minister

From The Punch · (5m ago) English

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • Nigeria's Minister of Solid Minerals Development, Dele Alake, urged African nations to stop exporting raw minerals.
  • He called for stronger regional cooperation to reposition Africa as a major force in global mineral supply chains.
  • Alake stressed that Africa must add value to its resources to maximize benefits and foster industrial growth.

At the Kenya Mining Investment Conference and Exhibition 2026, Nigeria's Minister of Solid Minerals Development, Oladele Alake, issued a powerful call to action for African nations: it is time to cease the export of raw minerals and embrace a future of value addition and regional cooperation. Speaking as the Chairman of the Africa Minerals Strategy Group, Alake underscored the continent's pivotal role in the global shift towards clean energy and advanced manufacturing, driven by the demand for critical minerals.

For decades, Africa has remained largely an exporter of raw materials and an importer of finished products. This model has constrained industrial growth, weakened economic resilience and limited job creation across our nation

โ€” Oladele AlakeMinister of Solid Minerals Development, highlighting the detrimental effects of exporting raw materials.

Despite possessing vast mineral wealth, Africa has historically captured only a fraction of the value generated from these resources, largely remaining an exporter of raw materials and an importer of finished goods. Minister Alake rightly identified this model as a significant constraint on industrial growth, economic resilience, and job creation across the continent. The current global minerals market presents both a profound risk of continued exploitation and a unique opportunity for transformation.

Alake's message is clear: maximizing the benefits of Africa's mineral endowment requires a united front. No single nation can achieve this alone. The minister emphasized that a fragmented approach weakens Africa's bargaining power on the global stage, whereas a united continent significantly strengthens its strategic relevance. This call for regional cooperation is not merely aspirational; it is a pragmatic necessity for redefining Africa's place in the global mineral economy.

The time has come for Africa to redefine its place within the global mineral economy, and that transformation must begin with regional cooperation

โ€” Oladele AlakeMinister of Solid Minerals Development, calling for a unified approach to mineral resource management.

The Africa Minerals Strategy Group, now comprising 31 member states, serves as a crucial platform for driving this continental coordination. Through harmonized regulations, cross-border infrastructure development, and promotion of intra-African trade under the African Continental Free Trade Area, the group aims to build more competitive mineral value chains. By fostering a common voice in global negotiations and retaining more value from mineral resources, Africa can finally move beyond being a mere supplier of raw materials to becoming a key player in the global industrial landscape.

A fragmented Africa weakens our bargaining power. A united Africa strengthens our strategic relevance

โ€” Oladele AlakeMinister of Solid Minerals Development, emphasizing the importance of continental unity.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.