Nigeria, Türkiye Seal Mining Pact to Boost Investment, Technology Transfer

 By Kehinde Awosina 




The Federal Government of Nigeria and the Republic of Türkiye have signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation in the solid minerals sector as both countries seek to expand economic ties and deepen collaboration in mining development.


The agreement was signed during the Istanbul Natural Resources Summit held in Istanbul, Türkiye.


Nigeria’s Minister of Solid Minerals Development, Dele Alake, described the deal as a major opportunity for Nigeria to benefit from Türkiye’s expertise in mining technology, exploration, digitisation, licensing systems, and manpower development.


According to the minister, President Bola Ahmed Tinubu has continued to support efforts aimed at strengthening bilateral relations between both countries, especially in the mining and energy sectors.


Alake stated that Nigeria remains committed to building strong partnerships with Türkiye to improve governance in the mining industry, enhance technical capacity, and promote sustainable mineral development.


He noted that reforms introduced by the Federal Government in the past three years have improved the operating environment within the solid minerals sector, making Nigeria increasingly attractive to foreign investors.


The minister explained that the government has implemented measures designed to sanitise the sector, simplify business processes, and create incentives for genuine investors interested in long-term operations in Nigeria.


He added that investors are now able to repatriate profits after completing due process, while institutional reforms and government-backed incentives have continued to attract major stakeholders into the mining industry.


Alake further disclosed that the reforms have contributed to increased Foreign Direct Investment inflows into the sector and reassured investors of the government’s commitment to protecting lawful mining activities.


Speaking on efforts to combat illegal mining, the minister said the Mining Marshals established by the Federal Government have intensified enforcement operations nationwide.


He revealed that more than 300 illegal mining operators, including foreign nationals, have been arrested, while over 150 prosecutions are currently ongoing across the country.


According to him, authorities have also recovered more than 100 illegal mining sites and returned them to legitimate licence holders in a bid to restore investor confidence and strengthen legal operations in the industry.


Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, described the partnership with Nigeria as strategic, noting that global energy security now requires stronger international cooperation.


Bayraktar praised the Nigerian government for ongoing reforms in the solid minerals sector and expressed the readiness of Turkish companies to invest in Nigeria.


He stated that several Turkish firms are interested in expanding operations into Nigeria, not only in mining but also in the energy and hydrocarbon sectors.


The Turkish minister also emphasised Türkiye’s growing economic engagement with African countries, describing Nigeria as a key gateway for broader trade and energy partnerships on the continent.


Meanwhile, during a panel session on global energy security at the summit, Alake stressed the importance of peace and international stability in achieving sustainable energy security worldwide.


He argued that persistent global conflicts continue to threaten economic development and energy security efforts, urging the international community to prioritise peace-building initiatives to secure the future of global energy supply.

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