Nigeria, US sign pact to deepen mining investment

The Federal Government of Nigeria and the United States have signed an agreement to deepen American investment in Nigeria's mining sector and promote greater development of the country's mineral resources. This framework, signed by the Minister of Solid Minerals Development, Dele Alake, and the US Deputy Secretary of State, Christopher Landau, covers geological data and exploration, mineral development and processing, infrastructure, and technical capacity.

Nigeria's mineral resources are estimated at about $700 billion, according to Alake. The agreement is a significant step in strengthening Nigeria-US cooperation around mineral resources and aims to create more local processing, quality jobs, and stronger skills for Nigerian businesses.

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