Nigeria and Canada Collaborate to Reform Mining Sector

Nigeria has entered into a partnership with Canada to deepen reforms in its mining sector, as announced by Dele Alak, the Minister of State for Mines and Steel Development, during a meeting with H.E. Pasqual Salvaggio, the Canadian High Commissioner to Nigeria.

This collaboration emphasizes the importance of enhancing bilateral cooperation to accelerate growth and attract foreign direct investment (FDI) while promoting global best practices in the industry. Alak highlighted Canada's historical support for Nigeria during its pro-democracy struggles and reaffirmed Nigeria's commitment to partnering with Canada to de-risk the mining environment.

The ambassador noted that Canada is Nigeria's second-largest trade partner in Africa and expressed optimism about expanding bilateral trade, particularly in mining. The partnership includes initiatives such as a training program for Nigerian mining professionals at the University of Calgary and a review of the Foreign Investment Promotion and Protection Agreement (FIPA) to enhance investor confidence.

President Bola Tinubu's administration is committed to increasing FDI to drive economic growth and job creation.