$700bn deal: Nigeria has 26 out of 60 minerals US needs – Minister

The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has said Nigeria possesses astir 26 of the 60 captious minerals the United States is seeking to unafraid globally.

Oduwole disclosed this portion fielding questions connected Arise Television’s Morning Show on Tuesday.

“The U.S. person a database of 60 minerals that they’re trying to unafraid globally. Nigeria has astir 26 of those minerals, truthful there’s thing anybody’s going to instrumentality distant from america without it being connected our ain terms,” she said.

The curate said the captious minerals model precocious signed betwixt Nigeria and the United States was a Memorandum of Understanding, MOU, and was not legally binding.

“For the Critical Minerals framework, it’s an MOU. When you motion MOUs, archetypal of all, they’re intentions – they are not legally binding,” Oduwole said.

According to her, the Federal Government is moving to found a implicit value-addition proviso concatenation for Nigeria’s minerals successful concern with the United States.

She said portion the US was seeking to unafraid and enactment its captious minerals proviso chain, Nigeria ...