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Europe

Türkiye and Nigeria sign mining cooperation memorandum

Türkiye and Nigeria have signed a memorandum of understanding on mining cooperation, covering joint investments and technical exchange. The deal targets critical minerals, geological surveying and private-sector partnerships.

Lagos Nigeria cityscape and coastline at dusk
Photo: Ben Iwara / Pexels
Anadolu Ajansı Ekonomi19 h ago

Türkiye's Ministry of Energy and Natural Resources and Nigeria's Ministry of Solid Minerals Development signed a memorandum of understanding on mining cooperation. The accord establishes a working framework on critical minerals, geological surveying, training and private-sector partnerships. It covers resources spanning copper, iron, lithium, gold, barite and phosphate.

According to the Turkish ministry, Nigeria has been taking significant steps in recent years to attract foreign capital into its mining sector. The country holds reserves of roughly forty different minerals and is working to lift the sector's contribution to GDP above 3%. The agreement is seen as strategically important for Türkiye's access to critical mineral supplies on the African continent.

The deal is the seventh mining-cooperation accord Türkiye has signed in sub-Saharan Africa. The ministry said joint technical committees will be set up and Turkish mining engineers may participate in field operations in Nigeria. Officials added the cooperation also aims to respond to growing demand for lithium and copper driven by the global energy transition.

CommoditiesTradeEnergyEuropeAnadolu Ajansı Ekonomi
This article is an AI-curated summary of the original story published by Anadolu Ajansı Ekonomi. The illustration is a stock photo by Ben Iwara from Pexels and is not from the original story.

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