Federal Govt, AFC Sign MoU To De-risk Mining Investments

Nigeria's mining sector and unlocking its potential for wealth and jobs creation.

The federal government of Nigeria, through the Solid Minerals Development Fund of Nigeria , has signed a memorandum of understanding with the Africa Finance Corporation and Excargo Multiphysics towards de-risking.LEADERSHIP reports that AFC is the leading infrastructure provider on the continent, SMDF is Nigerian mining-focused development fund, while Xcalibur Multiphysics is a global leader in airborne geophysics.

In her remarks, the executive secretary/CEO of Solid Minerals Development Fund , Fatima Umaru Shinkafi, described the partnership between AFC and SMDF as a pivotal step towards harnessing Nigeria’s mineral wealth and repositioning the nation as a key player in the global mining industry. The SMDF boss explained the significance of the SMDF-AFC collaboration that led to the signing of tri-partite agreements.

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