The Nigerian Government has entered into a partnership with the UK to enhance development in critical mineral deposits.
The collaboration will see the establishment of a joint technical working group, as announced by the Minister of Solid Minerals Development, Dele Alake.
The announcement follows a meeting between Minister Alake and UK Deputy Prime Minister Oliver Dowden during the Mines and Money conference in London last December.
Subsequently, a delegation from the British High Commission, led by Deputy High Commissioner Johnny Baxter, visited Minister Alake on Tuesday to finalize details of the collaboration.
Minister Alake emphasized that this partnership is expected to attract investments across the entire mining sector value chain.
He highlighted President Bola Tinubu’s administration’s commitment to improving the ease of doing business in the mining sector, including the establishment of a new security architecture for natural resources.
Furthermore, the government plans to enhance governance in the sector by establishing a Nigerian Mining Corporation led by the private sector.
Minister Alake reiterated the administration’s dedication to cleansing and repositioning the mining sector, with the ultimate goal of significantly boosting its contribution to the nation’s revenue.
Dele Alake, Nigeria’s Minister of Solid Minerals announced the new partnership with the UK government in Abuja on Wednesday, according to a statement by his Media Special Assistant, Segun Tomori.