Nigeria Seeks Stronger Mining Ties with Canada to Boost Sector Reforms
The Federal Government has reiterated its commitment to deepening collaboration with Canada as part of efforts to strengthen reforms in Nigeria’s mining sector.
Minister of Solid Minerals Development, Dele Alake, made this known while hosting the Canadian High Commissioner to Nigeria, Pasquale Salvaggio, in Abuja on Thursday.
Alake noted that Nigeria is keen to tap into Canada’s expertise and advanced mining technology to accelerate growth, attract investments, and align the sector with global best practices. He stressed that stronger bilateral cooperation would play a key role in unlocking the country’s mineral potential.
Reflecting on historical ties, the minister recalled Canada’s support for Nigeria during the pro-democracy movement following the annulment of the June 12 1993 presidential election, describing the country as a dependable ally that contributed to Nigeria’s return to democratic governance in 1999.
He outlined key areas of partnership, including improving the investment climate, promoting technology transfer, formalising artisanal mining, and enhancing the capacity of local professionals. He also highlighted incentives such as tax waivers on mining equipment and the repatriation of profits to attract foreign investors.
In his response, Salvaggio commended Nigeria for recognising Canada’s longstanding support and expressed optimism about expanding trade relations, particularly in the mining sector. He noted that Nigeria is currently Canada’s second-largest trading partner in Africa, with significant room for growth.
The envoy also praised the creation of the Nigeria Solid Minerals Company, describing it as a strategic step towards boosting investor confidence. He added that Nigeria could emerge as Canada’s top African trade partner within the next decade.
Salvaggio further urged the Nigerian government to revisit and ratify the Foreign Investment Promotion and Protection Agreement (FIPA), noting that it would enhance investment security and encourage more Canadian participation in the sector.
He also reaffirmed Canada’s willingness to support capacity development initiatives, including training programmes for Nigerian mining professionals and technical exchange schemes.
Responding, Alake assured that the Federal Government is open to reviewing and fast-tracking the agreement, in line with the investment drive of President Bola Tinubu aimed at boosting economic growth and job creation.
Both countries agreed to establish a joint working group to outline priority areas and develop timelines for implementing agreed initiatives in the mining sector.
