Nigeria has signed a Memorandum of Understanding (MoU) with the Republic of Türkiye to deepen cooperation in its solid minerals sector, opening new opportunities for Turkish investors in a market estimated to hold as much as $750 billion in untapped mineral potential.
The agreement is expected to expand collaboration in mining technology, geological exploration, digital systems, and capacity building, as Nigeria seeks to reposition its mining industry as a more structured and investment-friendly sector.
The agreement was signed by Turkish Energy and Natural Resources Minister Alparslan Bayraktar and Nigerian Minister of Solid Minerals Development Oladele Henry Alake on the sidelines of the 2nd Istanbul Natural Resources Summit.
According to Nigeria’s Minister of Solid Minerals Development, Dele Alake, the partnership reflects ongoing reforms aimed at improving transparency, strengthening regulation, and attracting serious long-term investors.
"This partnership opens the door to greater collaboration in mining technology, exploration, digitisation, and capacity building. We remain committed to building a mining sector that is transparent, secure, and attractive to serious investors." Alake added.
