Nigeria, US Sign Mineral Investment Pact
The framework targets geological data, local processing and technical capacity as both countries seek secure critical-minerals supply chains and broader economic gains.
- On the sidelines of the 81st United Nations General Assembly in New York, Nigeria and the United States signed a memorandum of understanding to boost the development of Nigeria's Solid Minerals Sector.
- Minister of Solid Minerals Development Dele Alake stated the framework aims to transition Nigeria from a raw material exporter to a value-added processor, advancing the Renewed Hope Agenda of President Bola Ahmed Tinubu.
- Landau noted the framework fosters collaboration on geological data, mineral processing, and infrastructure; both nations affirmed supply chains for critical minerals must be secure, resilient, and built on responsible investment.
- Relations between the United States and Nigeria have deepened significantly under President Tinubu and President Trump, with the agreement aiming to drive prosperity and economic growth for both nations.
- Lagos State Governor Babajide Sanwo-Olu joined officials at the Nigerian Mission House for the signing; Landau highlighted Nigeria's status as Africa's most populous country and fastest-growing economy as central to the strategic partnership.
22 Articles
22 Articles
U.S. strikes mining investment deal with Nigeria
The United States and Nigerie signed a deal designed to increase U.S. investment in the Africa country’s mining sector, according to Nigerian officials. Nigerian Minister of Solid Minerals Dele Alake said on social media that he and Deputy Secretary of State Christopher Landau signed the deal on the sidelines of the United Nations General Assembly meeting in New York on Wednesday. “This is an important step in strengthening Nigeria-U.S. cooperat…
Nigeria and US sign deal to increase mining investment
Nigeria and the United States on Wednesday signed a framework agreement to "deepen American investment" in the West African's country mining sector. Nigeria says its mineral resources are worth $700 billion.
Nigeria officially opens its $700 billion mining industry to US investors as Washington expands Africa mineral push
Nigeria has signed a landmark framework agreement with the United States to deepen American investment in its mining sector, opening a new channel for US companies to access the country’s estimated $700 billion mineral resources.
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