No more digging for others to profit, Nigeria just told the US, if you want our minerals, you have to build value here.

Big move at UNGA 81. Nigeria and the United States have just signed a new mining investment framework, and it's worth potentially $700 billion.

The deal was inked at Nigeria Mission House in New York on Wednesday by Solid Minerals Minister Dele Alake and US Deputy Secretary of State Christopher Landau. As reported by cbinews.tv.

The framework covers four things: proper geological data and exploration, mineral development and local processing, mining infrastructure, and technical skills transfer.

Nigeria has over 44 known minerals, from lithium and gold to tin and nickel, but mining contributes less than 1% to GDP. For decades, it’s been oil first, illegal artisanal digging second, and raw ore smuggled out third.

This is about jobs. Minister Alake put it bluntly: “Nigeria cannot remain a source of raw materials while others capture most of the value.”

The world is scrambling for critical minerals for EVs and tech. The US wants secure supply chains away from China. Nigeria wants factories, not just pits.

This is an MoU, not cash yet. In the coming months, both sides will identify bankable projects and broker business-to-business deals. If it works, it turns Nigeria’s solid minerals push, started in 2023, into real plants, real skills, and real pay packets for Nigerians.

Source: cbinews.tv

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