Nigeria has signed a funding agreement with France to enhance geological data exploration in its mining sector through the Nigerian Geological Survey Agency (NGSA). This collaboration aims to improve Nigeria’s capability in assessing its mineral resources, marking a concerted effort to revitalise the industry. By leveraging France’s financial and technical support, Nigeria is committed to upgrading its geological infrastructure to address existing challenges such as outdated technologies and inadequate facilities.

The partnership between Nigeria and France is a strategic move to bolster Nigeria’s mining sector, which has faced significant challenges such as declining production and limited technological access. With a memorandum of understanding (MoU) signed in December 2024, both nations aim to enhance the critical minerals value chain and promote sustainable mining practices. The initiative is part of Nigeria’s broader strategy to attract international investment and modernise its mining operations.

In summary, the agreement between Nigeria and France is pivotal in transforming Nigeria’s mining landscape. By gaining access to advanced technologies and fostering local expertise, Nigeria aims to overcome its mining sector challenges. This partnership could serve as a model for future collaborations in addressing global resource management challenges effectively.

Original Source: africa.businessinsider.com

The post Nigeria and France Partner to Boost Geological Data Exploration in Mining Sector first appeared on Nigerian Mining News.

Nigeria’s Solid Minerals Development Minister, Dele Alake, has urged global investors to utilise the country’s new digital geo-data platforms for accessing information on its abundant mineral resources. Speaking at the Mines & Money Conference in the UK, he highlighted three key platforms: the Nigerian Mineral Decision Support System (NMRDSS), the Electronic Mining Cadastral (EMC+), and the National Geo-Data Centre. These platforms aim to enhance investment opportunities by providing vital geological insights and improving transparency in mineral title applications.

Alake explained that the NMRDSS offers users an analytical view of mineral occurrences and related data, which helps in making informed mining decisions. Furthermore, EMC+ optimises administrative processes for mining titles, ensuring efficiency for remote applications. He is committed to continued funding for geological research to improve these digital resources, noting that they support Nigeria’s goal of becoming a major supplier of critical minerals like lithium and rare earth elements.

The minister emphasised that developing accurate geoscientific data is crucial for transitioning to a sustainable green economy, encouraging major mining companies to partner with Nigeria in harnessing its mineral wealth. He concluded by expressing optimism for potential partnerships, stating, “The future of Nigeria’s solid minerals is brimming with promise… Our doors are open to partnerships, and we invite you to join us on this transformative journey.”

The article discusses Nigeria’s efforts to attract foreign investment in its mining sector through enhanced access to digital geo-data platforms. Solid Minerals Development Minister Dele Alake announced these initiatives during the Mines & Money Conference, aiming to showcase Nigeria’s mineral wealth and promote transparency in mining operations. By leveraging digital tools, the government seeks to position Nigeria as a significant player in the global minerals market, particularly for critical materials needed for sustainable technologies.

In conclusion, Nigeria is actively seeking global investment in its mining sector by promoting new geo-data platforms that facilitate access to comprehensive mineral information. The government’s commitment to enhancing geological research and developing efficient digital tools is aimed at attracting foreign mining companies. The minister’s call for partnerships underscores the potential for significant growth in Nigeria’s solid minerals industry and its role in the green economy.

Original Source: punchng.com

The post Nigeria Invites Global Investment in Mining through Digital Geo-Data Platforms first appeared on Nigerian Mining News.