Côte d’Ivoire Unveils Ambitious $66 Billion Plan to Double Mining and Energy Revenues

In a monumental move to reshape its economic future, Côte d’Ivoire has unveiled a sweeping $66 billion Integrated Policy for Mineral Resources and Energy. The massive financial blueprint aims to double the sectors' contribution to the national economy and significantly increase national wealth over the next 15 years, according to an announcement made Monday by Mines, Petroleum and Energy Minister Mamadou Sangafowa-Coulibaly.

To achieve this transformative growth, the government has structured the policy around five core reform programs and major projects. Notably, the initiative leans heavily on outside investment, with 88% of the funding expected to be generated by the private sector, while the government will contribute the remaining 12%.

The Ministry outlined several key priorities designed to industrialize the nation's resource extraction and energy capabilities:

• Mineral Processing: Developing robust critical-mineral processing facilities and expanding phosphate projects.

• Regional Power Integration: Expanding vital electricity interconnections between Côte d’Ivoire, Liberia, Sierra Leone, and Guinea.

• Pipeline Infrastructure: Throwing strategic support behind the ambitious Nigeria-Morocco African Atlantic gas pipeline.

• Production Dominance: Scaling extraction operations with the explicit goal of becoming one of Africa’s top five oil producers and the continent’s leading gold producer by 2035.

• Local Empowerment: Raising the share of locally produced goods and services utilized by the extractive sector to at least 95% by 2035.

By committing to this expansive, private-sector-led vision, Côte d'Ivoire is positioning itself as a dominant regional powerhouse in both the energy and mining sectors, ensuring its natural resources translate into long-term economic sovereignty.