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.
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17 Articles
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.
Nigeria, US agree to increase mining investment
"Nigeria cannot remain a source of raw materials while others capture most of the value," Alake said on social media. "We want more local processing, quality jobs, stronger skills and greater opportunities for Nigerian businesses."
Nigeria, US Sign Mineral Investment Pact
Minister of Solid Minerals Development, Dele Alake, described the agreement as a future-driven framework that opens the way for both countries to collaborate on geological data and exploration, mineral development and processing, infrastructure, and technical capacity.
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