The federal government has signed a memorandum of understanding with a German firm on Nigeria's $700 million solid mineral deposit.
The federal government has signed a memorandum of understanding with a German firm on Nigeria’s $700 million solid mineral deposit.
“Of course the German Chancellor came in to strengthen bilateral relations between our two countries, Nigeria and Germany. “It means that you can see deep down up to 10,000 meters for the mineral deposits that are available. “And scrambling to exploit judiciously, we constitute about 0.02 per cent of the global mining budget. And with this $700 billion estimation of our solid minerals deposit, we still have over 90 per cent of the entire landscape of Nigeria unexplored.
“Like I said, yesterday, critical minerals, which are called critical metals in international minerals and natural space, are in abundance in Nigeria and right now the global trend is the clamour for climate change. Green transition to green energy, clean energy.
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