By Shakirudeen Bankole
Nigerian exploration and mining companies needs to unlock the massive abundant minerals waiting to be discovered in economic quantities across the country if they are to benefit from the billion dollar investments flowing into Africa every year.
Mr. Fadi Abou Ghazale, Chief Executive Officer of Titan Minerals Limited, stated this Monday at the Nigeria Mining Week which started yesterday in Abuja.
Ghazale, whose company has been the headline sponsor of the industry event over the last 10 years, expressed satisfaction with the organisation of the ongoing 10th edition of the Nigeria Mining Week.
The Nigeria Mining Week is an annual three-day gathering of stakeholders in the mining industry. This year’s edition holds at the Abuja Continental Hotel from Monday, October 13 to Wednesday, October 15, 2025.
With the theme “Nigeria Mining: From Progress to Global Relevance,” the event provides a platform for stakeholders to deliberate on sectoral growth, strike business deals, and engage policymakers, investors, operators, and enthusiasts on challenges and opportunities in the mining sector.
Speaking at his company’s exhibition stand on Monday, Mr. Ghazale described Titan Mineral’s sponsorship as a demonstration of its long-term commitment to Nigeria’s development, especially in the solid minerals sector.
Mr. Ghazale said the company is invested in Nigeria’s mining future, not just for profit but for sectoral advancement.
“We are happy to invest in this project because the Nigeria Mining Week is the only place where all mining stakeholders in Nigeria gather under one roof. It is an annual convergence for miners, exploration companies, project managers, consultants, and investors to share ideas and push the industry forward. This is the premier mining exhibition in Nigeria, and Titan is proud to be at its forefront,” he said.
Mr. Ghazale said Titan Minerals has maintained its position as a leader in mineral exploration and internationally accepted reporting standards.
“We are among the few companies that can provide international standard reporting. We have competent experts resident in Nigeria. Any mineral exploration project done with Titan Minerals can be presented internationally to attract funding and development,” he explained.
According to him, Titan handles all categories of minerals explorations, from regional surveys to feasibility studies. It is indeed one of the few companies able to carry out quantification of resources.
He said his expectation for this year’s event, as in previous years, is to engage stakeholders, share ideas on new mineral exploration techniques, and introduce new technologies that can improve exploration efficiency across Nigeria.
As leader of Nigeria’s largest mineral exploration company and a trusted leader in the industry, Mr Ghazale underscored the need for investors to take the exploration aspect of the business seriously.
“We want people to understand the value of mineral exploration. Many projects fail because investors skip exploration and rush into mining. That is a wrong approach and it is one of the major causes of the collapse of investments. Our goal is to educate people, help them quantify their resources, understand project costs, and identify the profits they can achieve,” he said.
He also stated that mineral exploration remains the least developed segment of Nigeria’s mining sector and urged investors to take advantage of the current opportunities.
“We see a lot of prajects failing and the reason why the projects fail is because the backers don’t want to invest in mineral exploration. This is very wrong and it is leading to the deterioration of several investments.,” he said. “We educate people that there are companies in Nigeria that could drive these projects forward.
“Across Africa, about $1.2 billion was invested in mineral exploration business in the last one year. Nigeria is still shying away from having its own share of this investment fund that are coming. But foreign investors need to know that the huge opportunities are here, and we need the junior exploration companies to come and invest, although Nigerians should ideally be at the forefront of tapping them. We have abundant minerals waiting to be discovered in economic quantities. We need more exploration and mining companies to unlock this potential,” he said.
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