Venezuela’s Deputy Minister of Mining, Alejandro Martinez, expressed significant interest from Venezuelan investors in Nigeria’s mining sector at the Mining Indaba in South Africa. Both nations seek to diversify their economies from petroleum and emphasize the importance of mining for sustainable growth and local benefits. Collaboration between them could enhance utilization of minerals like lithium.
Venezuela’s Deputy Minister of Mining, Alejandro Martinez, has indicated a strong interest from Venezuelan investors in Nigeria’s mining sector opportunities. This announcement came during the ongoing Mining Indaba event in Cape Town, South Africa, while he engaged in discussions with Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake. Martinez particularly highlighted the interest of investors involved in mining machinery and equipment production.
This collaboration follows a shared history of economic dependence on petroleum between Venezuela and Nigeria. Both countries are now seeking to diversify their economies, focusing on solid minerals to adapt to changing global energy demands. Nigeria’s emphasis on leveraging its mineral wealth aligns with its current economic strategies which are vital to sustainable development and local employment.
The discussions between Venezuela and Nigeria signify a promising collaboration aimed at advancing each nation’s mining sector. With a focus on sustainable resource management and economic diversification, this partnership could yield substantial benefits. Initiating cooperative efforts could enable both nations to fully harness their mineral potential in alignment with global energy transitions.
Original Source: punchng.com
