Nigeria and South Africa have signed a Memorandum of Understanding to strengthen mining collaboration. The MoU, initiated by ministers from both countries, outlines key cooperation areas like capacity building, technology transfer, and mineral exploration, aiming to enhance industrialisation and job creation across Africa.
Nigeria and South Africa have established a mining partnership by signing a Memorandum of Understanding (MoU), aimed at strengthening bilateral relations through the Nigeria–South Africa Bi-National Commission. The agreement was signed by Dr Dele Alake and H.E. Gwede Mantashe, focusing on cooperation and implementation timelines in the mining sector.
Dr Alake described the agreement as crucial for collaboration in mining, highlighting the potential to advance industrialisation and job creation in Africa. He emphasized that the MoU will facilitate technology transfer, investment promotion, and capacity building within the sector.
Key highlights of the MoU include:
– Capacity building in geological applications with UAVs
– Use of Remote Sensing Technologies for exploration
– Sharing geoscientific data via Nigeria Geological Survey Agency
– Training on mineral processing and value addition
– Capacity building on Elemental Fingerprint Technology
– Exploring Agro and Energy Minerals in Nigeria
Dr Alake expressed Nigeria’s commitment to developing its mining industry and leveraging South Africa’s mining expertise for mutual benefits like investment and skills development.
H.E. Mantashe noted that South Africa’s economy relies heavily on mining and aims to assist Nigeria in revitalising its mining sector, ensuring productive cooperation on joint projects. Both ministers committed to ongoing collaboration to enhance intra-African trade and meet the MoU objectives.
The MoU signed between Nigeria and South Africa marks a significant step in mining collaboration, aimed at leveraging each country’s strengths for mutual benefit. Key areas of focus include technology transfer, training, and exploration of minerals, facilitating economic growth and job creation in Africa. Continued cooperation is expected to bolster trade and achieve the goals outlined in the agreement.
Original Source: leadership.ng