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Solid Minerals Exploration: Nigeria, German firm sign MOU

By: Seyi Babalola

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The Nigeria Solid Minerals Development Fund and GeoScan GmbH of Berlin, Germany, on Sunday, signed a Memorandum of Understanding on solid mineral development.

The agreement was formalised during the visit of German Chancellor, Olaf Scholz, to Abuja.

Signing the MoU were the CEO, GeoScan GmbH, Oliver Haeggberg and the Executive Secretary and CEO of SMDF, Fatima Shinkafi, representing Nigeria.

Haeggberg was part of the business delegation that accompanied the German Chancellor during his official visit to Nigeria, who met with President Tinubu and the Nigerian delegation at the Business to Government roundtable meeting.

The Minister of Solid Minerals Development, Dele Alake, disclosed the details to State House correspondents after this week’s Federal Executive Council meeting President Bola Tinubu chaired at the Aso Rock Villa, Abuja.

Alake said the MoU will advance solid minerals exploration, exploitation and judicious use of the revenue accruing to the federal government.

GeoScan GmBH possesses cutting-edge technology capable of exploring mineral deposits up to 10,000 meters below the surface, which Alake described as a “remarkable advancement in the field of mineral exploration.”

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