Nigeria and South Africa have signed a Memorandum of Understanding (MoU) to strengthen cooperation in the mining sector, marking a major step in their bilateral relations.
The agreement, signed by the Ministers of Solid Minerals Development from both nations, is aimed at deepening ties and enhancing economic collaboration through identified areas of partnership in the mining industry.
This development follows the recent inauguration of the Nigeria-South Africa Bi-National Commission by President Bola Ahmed Tinubu and President Cyril Ramaphosa.
This was disclosed in a statement by the Special Assistant on Media to the Minister of Solid Minerals Development, Segun Tomori.
The MOU was signed during a bilateral meeting between the Minister of Solid Minerals Development, Dele Alake and South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, in Abuja, the nation’s capital.
Reflecting on the historical ties between the two countries, Alake noted the longstanding diplomatic and economic cooperation built on mutual respect and a shared vision for Africa’s development.
He stressed that collaboration in the mining sector offers vast opportunities for industrialisation, job creation, and sustainable growth across the continent.
“The Memorandum of Understanding in geology, mining, and mineral processing signed today will serve as a cornerstone for facilitating knowledge and technology transfer, investment promotion, capacity building, regional integration, and value addition,” Alake emphasised.
The minister emphasised Nigeria’s renewed focus on developing its mining industry, stating that South Africa could benefit from Nigeria’s vast mineral wealth, while Nigeria could tap into South Africa’s advanced mining expertise.
This synergy, he said, would open doors to investment, skills development, and economic diversification.
Similarly, Mr. Mantashe affirmed that South Africa, where mining plays a central role in the economy, stands to gain from Nigeria’s revitalised interest in the sector. He added that his visit aimed to fine-tune agreements from the Bi-National Commission and to deepen collaboration on mutually beneficial projects with Nigeria’s Ministry of Solid Minerals Development.
Both ministers committed to sustained engagement and collaboration to boost intra-African trade and deliver on the actionable steps outlined in the MoU. They expressed confidence that this renewed partnership would significantly enhance the mining sectors of both countries.
Key Highlights of the MoU Include:
- Capacity building in geological applications using Unmanned Aerial Vehicles (UAVs)
- Utilization of Multi- and Hyper-spectral Remote Sensing Technologies for mineral exploration and geological mapping
- Sharing of geoscientific data on strategic minerals through the Nigeria Geological Survey Agency (NGSA)
- Training on mineral processing and value addition
- Capacity Building on Elemental Fingerprint Technology using LA-ICP-MS
- Exploration of Agro and Energy Minerals In Nigeria
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