Venezuelan investors, represented by Deputy Minister Alejandro Martinez, are keen to explore Nigeria’s mining sector, including machinery production. Discussions with Nigeria’s Dr. Dele Alake highlight opportunities in sustainable mining as both nations look to diversify from petroleum. They aim for collaboration around critical minerals vital for energy transition, further inviting Venezuela to join a regional coalition for mining.
Venezuela’s Deputy Minister of Mining, Alejandro Martinez, has announced interest from Venezuelan investors in Nigeria’s mining sector, particularly during discussions held at the Mining Indaba in Cape Town. Martinez emphasized the eagerness of these investors, especially those in mining machinery and equipment, to explore opportunities in Nigeria’s developing sector. He requested cooperation from Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, to encourage investor visits and facilitate exchange of information.
The discussions between Venezuelan and Nigerian officials occur in the context of both nations previously relying on petroleum for economic stability. With current shifts towards green energy and economic diversification, both countries seek to develop their mineral resources. They aim to collaborate on sustainable mining practices to adapt to global demands, which include critical minerals such as lithium and cobalt, essential for modern technologies like electric batteries.
Both Venezuela and Nigeria recognize the need to diversify their economies beyond petroleum and to explore the full potential of their mineral resources. Facilitating collaboration can yield economic benefits and job creation. The invitation for Venezuela to join a new coalition of countries in mining signifies a strategic step towards enhancing regional trade and resource management.
Original Source: punchng.com
