Nigeria and the United States have signed a landmark framework aimed at unlocking investment in Nigeria’s estimated $700 billion mineral resources and deepening bilateral cooperation in the critical minerals sector.
Nigeria broke new ground in a drive to woo the United States to invest in the mining sector at a historic agreement-signing ceremony at Nigeria’s Mission House on Wednesday in New York, United States.
The agreement, signed and exchanged at Nigeria’s Mission House in New York by Minister of Solid Minerals Development, Dele Alake, and U.S. Deputy Secretary of State, Christopher Landau, is expected to provide a framework for U.S.-backed investment and business-to-business partnerships across Nigeria’s mining value chain.
Alake described the signed and exchanged agreement as a framework for American investment in Nigeria’s $700 billion mineral resources.
The agreement is expected to use the Nigeria-US government relationship as a foundation for business-to-business transactions to boost Nigeria’s value-addition-driven value chain.
Welcoming Landau and the United States delegation to the ceremony, Alake spoke glowingly of the agreement as a development that would shape the future.
