Mining Sector : FG Signs MOU With Africa Finance Corporation

The Federal Government has signed a landmark $1.3 billion Memorandum of Understanding with the Africa Finance Corporation (AFC) to develop a major alumina refinery and strengthen Nigeria’s solid minerals sector. The agreement, signed through the Solid Minerals Development Fund (SMDF), covers three key initiatives: construction of a $1.3 billion alumina refinery, a nationwide geoscience mapping programme, and the establishment of a joint strategic investment vehicle to accelerate mineral exploration and […]