European Union Eyes Investment in Nigeria’s Solid Minerals Sector
The European Union has expressed interest in Nigeria’s solid minerals sector as part of efforts to boost trade and investment ties. The EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, made this known during a courtesy visit to the Minister of Solid Minerals Development, Dr. Dele Alake, in Abuja. Mignot commended Nigeria’s reforms in the mining industry and said the EU is keen to explore areas of collaboration and mutual benefit. In response, Minister Alake highlighted Nigeria’s rich deposits of critical minerals like lithium, cobalt, and copper, valued at over $700 billion, and outlined incentives for foreign investors including tax waivers, profit repatriation, and enhanced security.
