The Minister of Solid Minerals Development, Dele Alake, and United States Assistant Secretary for Energy and Natural Resources, Geoffrey Pyatt, have agreed to arrange a workforce of officers from each international locations to discover financing for credit score to mining companies and infrastructures.
On the sidelines of the Mines and Money Conference held in London, Pyatt mentioned his go to to Alake adopted an earlier assembly with President Bola Tinubu who sought the help of the US for the nation’s financial revival.
He mentioned the US wish to be Nigeria’s associate of selection in creating the strong minerals sector and was within the reforms introduced by the minister throughout the convention.
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Noting that the US has numerous establishments and legal guidelines which encourage direct international funding, Pyatt mentioned he would notify the companies to collaborate with their Nigerian counterparts to work out the framework.
Responding, Alake mentioned the Ministry of Solid Minerals Development had launched a seven-point agenda as its roadmap to reposition the sector.
He highlighted the institution of the brand new Solid Minerals Development Company, a brand new safety structure to make sure security of mine operations and information technology on a large scale to de-risk the sector.
The minister added that “the credit facility and foreign direct investment promised by the US would be in the mutual interest of both countries because energy minerals such as lithium are critical to the global crusade for clean energy and necessary for the manufacture of electric cars.”
Also talking on the assembly, the Executive Secretary of the Nigerian Solid Minerals Fund, Fatima Shinkafi, counseled the US for funding in mining infrastructure in Central Africa, urging an identical partnership with the Fund.
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