Nigeria and Venezuela are discussing collaborative investment in the mining sector, aiming for sustainable resource management. Nigerian Minister Dele Alake and Venezuelan Deputy Minister Alejandro Martinez met at a mining conference in South Africa, highlighting the need for cooperation to diversify their economies.
Nigeria and Venezuela are exploring investment opportunities in the mining sector. Discussions took place between Nigerian Solid Minerals Development Minister Dele Alake and Venezuelan Deputy Minister of Mining Alejandro Martinez during a mining event in Cape Town, South Africa. Both countries face similar political and economic challenges and seek cooperation to sustainably utilize their resources.
Minister Alake invited Venezuela to join a new coalition of African, Asian, and Middle Eastern countries in mining, aiming to enhance trade among members and leverage investment opportunities. In response, Deputy Minister Martinez praised Alake for recognising the parallels between the two oil-producing nations, both of which are now looking for alternatives to strengthen their economies through solid minerals.
The collaboration between Nigeria and Venezuela in the mining sector is a strategic move aimed at overcoming their respective economic challenges. By joining forces, both countries can work towards sustainable resource management and explore new avenues for economic diversification through mining partnerships.
Original Source: nta.ng