The federal government has disclosed plans to formally launch the “Africans for Africa Fund” at the forthcoming African Natural Resources and Energy Investment Summit (AFNIS) scheduled to hold from July 15 to 17, 2025, in Abuja.
The Minister of Solid Minerals Development, Dr. Dele Alake, who made the disclosure during a media briefing in Abuja, said the fund is designed to mobilise African capital for investment in mining, energy, infrastructure, and industrialisation projects across the continent.
He described the initiative as a shift from foreign dependence to intra-African financing, with the goal of enhancing ownership and control of the continent’s natural resources.