Hajiya Fatima Umaru Shinkafi

Executive Secretary

Solid Minerals Development Fund

Resourcing Tomorrow
Hajiya Fatima Umaru Shinkafi

Hajiya Fatima Umaru Shinkafi

Executive Secretary

Solid Minerals Development Fund

Hajiya. Fatima Umaru Shinkafi is the current Chief Executive of the Solid Minerals Development Fund. The Solid Minerals Development Fund is a government-owned Fund established to drive investments in Nigeria’s mining sector. 

As a funding vehicle, SMDF’s key role will be to maximize recovery of mining investments to drive sector growth. Under the current leadership of Hajiya Fatima, over US$500-600m of projects have been identified that SMDF could drive across formalization, data development, production and processing in the next 5 years. Hajiya Fatima has acquired extensive knowledge of the Nigerian mining sector and championed the restructuring of the Fund with the target of providing access to capital and fast-tracking development of the mining sector. Most recently in February 2023 SMDF partnered with the African Finance Corporation (AFC) to deploy project development funding and technical advisory worth $700 Billion, to fast-track closure and operations of commercial scale mining projects in Nigeria. AFC and SMDF will combine funds with innovative investment tools to co-develop mining projects to mitigate risks that would otherwise have prevented financing to drive bankability. 

Hajiya Fatima Umaru Shinkafi