Nigeria is turning to South Africa for support in developing its solid minerals sector, aiming to reduce its heavy reliance on oil. A new partnership agreement between the two nations focuses on sharing expertise, geological data, and mapping resources.
Nigeria’s Minister of Mines and Solid Minerals, Dele Alake, emphasized the potential benefits of the collaboration, noting South Africa’s strong global reputation in the mining industry.
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Although Nigeria reportedly holds over 40 commercially viable mineral deposits, the sector currently contributes less than 1% to the country’s GDP. Illegal mining remains a significant challenge, with the government estimating an annual loss of around nine billion dollars due to unauthorized activities.
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Officials believe this strategic partnership will enhance exploration efforts and boost foreign exchange earnings by unlocking the full potential of the country’s vast mineral resources.
