Nigeria–United States: an agreement to strengthen mining investments

Nigeria and the United States signed an agreement in New York to boost American investments in Nigeria's mining sector, especially in critical minerals, valued at approximately 700 billion dollars. Nigeria has significant deposits of lithium, gold, tin, iron ore, phosphate, and gemstones. The Nigerian government aims to develop local processing of these resources to create jobs, enhance skills, and capture more value domestically, while the US seeks to secure its supply of critical minerals amid China's strong presence in Africa's mining industry.