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.
40 Articles
40 Articles
Nigeria, US sign framework to increase American mining investment
Nigeria and the United States have agreed to deepen American investment in Nigeria’s mining sector, with Solid Minerals Minister Dele Alake and US Deputy Secretary of State Christopher Landau signing the framework on 23 September in New York...
Nigeria and the United States have signed a framework agreement to develop Nigerian mineral resources, estimated at $700 billion, a partnership that is part of the growing rivalry between Washington and Beijing on the continent.
Nigeria, US sign framework to attract investment into $700bn mineral resources
The framework is expected to use the relationship between the Nigerian and US governments as a foundation for business-to-business transactions and investment across Nigeria’s mineral value chain.
Mineral deal: Nigerians should know details - Shehu Sani demands parliamentary scrutiny
Former lawmaker, Senator Shehu Sani, has called for greater transparency over the mineral investment framework recently signed between Nigeria and the United States. Nigeria and the US signed the framework on the sidelines of the 81st United Nations General Assembly in New York. The agreement, signed by the Minister of Solid Minerals Development, Dele Alake, […] Mineral deal: Nigerians should know details – Shehu Sani demands parliamentary scrut…
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