In a strategic move to diversify its economy beyond oil, Nigeria has signed a major mineral development agreement with South Africa.
The pact, announced this week, focuses on strengthening cooperation in geological mapping, sharing of mineral data, and the joint exploration of key mineral resources across Nigeria.
The deal aims to tap into Nigeria’s vast but underutilized mineral wealth, opening doors to increased foreign investment, job creation, and industrial growth.
Experts believe this partnership could transform Nigeria’s mining industry, positioning it as a serious player in global mineral markets.
By leveraging South Africa’s mining expertise and Nigeria’s mineral potential, the two nations hope to achieve mutual economic benefits and long-term development.
This agreement marks a significant step in Nigeria’s drive to build a more resilient, diversified economy.
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