Shehu Sani Critiques Nigeria's $700bn US Mineral Deal

Former Kaduna Central Senator, Shehu Sani, criticized the Federal Government regarding the $700 billion mineral investment framework signed with the United States during the 81st United Nations General Assembly in New York. The agreement, signed by Minister of Solid Minerals Development, Dele Alake, and US Deputy Secretary of State, Christopher Landau, encompasses geological data, mineral development, processing, infrastructure, and technical capacity building.

Sani described the deal as commendable but expressed concern over the lack of prior public disclosure, which he believes would have allowed for necessary parliamentary scrutiny to safeguard Nigeria's national interests and those of local communities hosting mineral resources. He warned against the agreement becoming a mere replacement for Chinese mining interests and highlighted the security challenges in communities rich in minerals like lithium and gold.

Sani emphasized that such agreements with major powers could have long-term implications for Nigeria's sovereignty and future generations.