Nigeria and the UAE are poised to deepen their economic ties, particularly in the solid minerals sector. Following a recent courtesy visit by UAE Ambassador H.E. Salem Shaeed Al Shamsi, Nigeria's Minister of Solid Minerals Development, Dr. Dele Alake, emphasized the importance of this collaboration. The two nations aim to regulate gold exports, which have often been illegal, by establishing a framework that legitimizes trade and maximizes mutual benefits.
Dr. Alake noted Nigeria's wealth of sought-after minerals and the UAE's position as a key player in mineral trade. To further strengthen this partnership, discussions are underway to enhance technology transfer, vital for advancing Nigeria’s mining capabilities. Additionally, the lifting of visa restrictions between the two countries opens doors for increased cooperation.
Looking ahead, an upcoming Nigeria-UAE economic forum is set to attract 30-35 major companies from the Middle East, aiming to boost foreign direct investments in Nigeria’s mining sector. This collaboration signals an exciting future for both nations as they work together to harness their resources and enhance trade relations.
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