Solid Minerals: FG Inaugurates Nigeria-US Committee On Strategic Cooperation
The pact aims to draw US investors, expand local mineral processing and create jobs as Nigeria seeks to diversify beyond oil, officials said.
- On Wednesday, Minister of Solid Minerals Development Dele Alake inaugurated the Nigeria-United States Committee on Strategic Cooperation in the Solid Minerals Sector in Abuja, dismissing false reports that Nigeria sold $700 billion worth of solid minerals to the United States.
- Established following a framework signed during the 81st United Nations General Assembly in New York, the agreement facilitates business-to-business engagements between American investors and Nigerian mining operators rather than transferring national asset ownership.
- The Federal Government now requires local processing for mineral titles to discourage exporting raw ores "from pit to port," a policy illustrated by a large lithium processing plant recently commissioned in Nasarawa State.
- Committee members must identify viable investment opportunities to support President Bola Tinubu's $1 trillion economy target, with Alake stating the partnership aims to create jobs and strengthen local industries.
- Economic Officer at the U.S. Embassy Jonathan Baas noted that Washington prioritizes critical minerals and artificial intelligence, seeking partnerships that strengthen supply chains while allowing resource-producing countries to benefit economically.
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14 Articles
Nigeria: Alake Defends Nigeria-US Minerals Deal, Rejects $700bn Sale Claims
The Minister of Solid Minerals Development, Dr Dele Alake, has dismissed claims that Nigeria sold $700bn worth of solid minerals to the United States, insisting that the bilateral agreement was designed to attract investment and facilitate cooperation, not transfer ownership of the country's mineral assets.
Nigeria launches US minerals cooperation committee, rejects $700bn asset-sale claims
Credit: IntelliNewsNigeria has inaugurated a Nigeria-US solid minerals committee, with minister Dele Alake insisting the September framework is non-binding and involves no asset sale.
Alake defends Nigeria-US minerals deal, rejects $700bn sale...
The Minister of Solid Minerals Development, Dr Dele Alake, has dismissed claims that Nigeria sold $700bn worth of solid minerals to the United States, insisting that the bilateral agreement was designed to attract investment and facilitate cooperation, not transfer ownership of the country’s mineral assets. Alake said no Nigerian asset was sold under the agreement, describing reports suggesting that the United States was taking over Nigeria’s mi…
Alake denies $700bn minerals sale, inaugurates Nigeria-US committee
By Gabriel Ewepu ABUJA — Minister of Solid Minerals Development, Dr Dele Alake, has dismissed reports that Nigeria sold $700 billion worth of solid minerals to the United States, insisting that no national asset has been sold or transferred under the bilateral cooperation framework. Alake spoke on Tuesday in Abuja while inaugurating the Nigeria-United States […]
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