The Solid Minerals Development Fund (the “SMDF” or “Fund”) is a sovereign Fund established by the Government of Nigeria to drive and catalyse private sector-led investments in Nigeria’s mining sector.

SMDF’s mandate is to unlock financing to promote the growth of Nigeria’s mining sector and improve economic parameters such as job creation and mining sector contribution to GDP while ensuring sufficient returns to the Fund.

The Fund’s approach is to provide flexible financing options, build economic partnerships, deliver extensive contact networks, and complete in-house technical evaluation and support teams dedicated to advancing projects. The SMDF invests mainly across three funds: SMDF Growth, SMDF Opportunities and SMDF Responsible Mining. We prioritise investments in the mining sector that will deliver economic and social impact, unlock increased private sector participation and mobilise additional capital. The three Fund invests across the entire mining lifecycle.