Economy

Nigeria signs minerals pact with SA in diversification push

Date: Apr 17, 2025

Nigeria and South Africa (SA) have signed an accord to boost cooperation in mining.

Nigeria's Mines Minister said on Thursday Abuja is pushing to diversify its economy away from oil. 

Mines Minister Dele Alake said the two countries will partner on mining, including geological mapping using drones, share mineral data, and jointly explore agro and energy minerals in Nigeria. 

Besides oil, Nigeria is also rich in gold, limestone, lithium, iron ore and zinc. 

Nigeria has around 23 mineral deposits in commercial quantities. 

--Reuters-- 

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