The federal government has entered into a memorandum of understanding with a German company regarding Nigeria’s substantial $700 million solid mineral deposits…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
Dele Alake, the Minister of Solid Minerals, revealed this during a press briefing with State House correspondents following the federal executive council meeting presided over by President Bola Tinubu at the Presidential Villa.
He explained that the German firm possesses the latest cutting-edge technologies, which include proprietary exploration technology.
He clarified, “This announcement is not at all an indication of FEC approval. You were all aware of the visit by the German Chancellor to our president yesterday. The German Chancellor visited to strengthen bilateral relations between Nigeria and Germany.
“For some time now, my ministry has been in discussions with highly specialized companies in Germany. The visit of the German Chancellor yesterday further emphasized the significance of reinforcing bilateral relations, especially in the socio-economic realm.”
