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Nigeria’s mining potential is hindered by poor sector funding and private sector hesitance, stalling promising projects at early stages
Nigeria boasts a wealth of mineral resources that span from gold to tantalite, limestone, and everything in between. The nation’s geological composition presents a treasure trove waiting to be tapped.
However, despite having an estimated $700 billion worth of mining potential, mining exploration in Nigeria remains poorly funded, with only a fraction of mining projects reaching their full potential. Many promising projects languish in the exploration stage due to difficulties in accessing financing for project design, construction, and production. The high capital risk and expertise gap associated with the sector have continued to pose significant challenges for private sector participation and investments.
Projects focused on precious and base metals, bulk minerals, and minerals critical to the global energy transition.
Proponents with clear governance structures, polices and financial records.
Projects with low exploration risk, competitive positioning in the cost curve, and strong technical team
Strong compliance with government regulations and ESG Standards.
We primarily focus on precious and base metals, bulk minerals, and minerals critical to the global energy transition. Projects should also align with our key strategic pillars of good management and governance, technical soundness, compliance with regulations and ESG standards, alignment with priority minerals.
Project sponsors, mining companies, and entities engaged in mining activities in Nigeria can apply for funding. Projects at various stages, from exploration to development, may be considered.
You can submit your project for consideration through our portal.
The investment process involves project submission, initial screening, in-depth evaluation and due diligence, committee review, crafting indicative term sheets, negotiation of definitive agreements and deal structuring, project monitoring, and co-development. It culminates in long-term financing for project development.
16, Yedseram St, Maitama, 901101, Abuja, FCT
info@nsmc.com.ng
+234 902 19 562
3, Lord Lugard Street, Asokoro, Abuja.
info@nsmc.com.ng
