The federal government has signed a memorandum of understanding with a German firm on Nigeria’s $700 million solid mineral deposit.
Minister of solid minerals, Dele Alake disclosed this to State House correspondents after the federal executive council meeting presided over by President Bola Tinubu at the Presidential Villa.
According to him, the German company has the latest top of the line technologies, is a proprietary technology for exploration.
He said “ mine is a way of announcing not FEC approval at all. Yesterday you were all aware and even attended the visit of the German chancellor to our president.
“Of course the German Chancellor came in to strengthen bilateral relations between our two countries, Nigeria and Germany.
Source : Leadership