In a move that could reshape Nigeria’s economy, the country has signed a groundbreaking mining deal with South Africa aimed at tapping into its vast, untapped mineral reserves.
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The two-year partnership includes resource exploration, infrastructure development, and data sharing. Experts say Nigeria’s iron ore, lithium, and bitumen deposits could bring in billions if properly developed and this agreement may be the first serious step.
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“This is not just about mining,” said an official from the Ministry of Mines. “It’s about creating jobs, cutting our oil dependence, and building a future where we actually use what we have.”
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With the global demand for minerals rising, Nigeria is hoping to position itself as a new powerhouse in Africa’s mining sector.
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