Nigeria and United States sign framework for mineral-sector investment
Nigeria and the United States have signed a framework intended to encourage investment across Nigeria’s mineral value chain, Premium Times reported. The arrangement is expected to use government-to-government ties as a basis for business transactions involving the country’s mineral resources, which the report values at $700bn.
Nigeria and the United States have signed a framework aimed at attracting investment into Nigeria’s mineral resources, according to Premium Times. The framework is intended to support investment across the country’s mineral value chain. The report places the value of Nigeria’s mineral resources at $700bn.
It is expected to use the relationship between the Nigerian and US governments as a foundation for business-to-business transactions and investment, the report said. The supplied material does not identify the officials who signed the framework, specify the minerals covered or provide details about financing, projects, targets or implementation. It also does not include reactions from companies or communities.
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