{"id":74118,"date":"2025-08-25T07:57:36","date_gmt":"2025-08-25T07:57:36","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=74118"},"modified":"2025-08-25T07:57:36","modified_gmt":"2025-08-25T07:57:36","slug":"nigeria-japan-explore-stronger-mining-partnership","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/08\/25\/nigeria-japan-explore-stronger-mining-partnership\/","title":{"rendered":"Nigeria, Japan Explore Stronger Mining Partnership"},"content":{"rendered":"<p><strong>By Omoniyi David<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Nigeria and Japan are strengthening cooperation in the mining sector as the Minister of Solid Minerals Development, Dele Alake, met with officials of the Japan Organisation for Metals and Energy Security (JOGMEC), in Yokohama during the Ninth Tokyo International Conference on African Development (TICAD).<\/p>\n<p>The talks followed bilateral discussions between President Bola Tinubu and Japanese Prime Minister Shigeru Ishiba.<\/p>\n<p>JOGMEC President, Michio Daito, acknowledged Nigeria\u2019s vast mineral potential but requested more economic details to guide Japanese investors.<\/p>\n<p>He highlighted concerns such as power supply, tax incentives, duty waivers, free trade zones, and the supporting infrastructure required for mining operations.<\/p>\n<p>In response, Alake cited Tinubu\u2019s economic reforms; including fuel subsidy removal and exchange rate unification, as measures that had improved Nigeria\u2019s investment climate.<\/p>\n<p>He stressed that Nigeria\u2019s minerals are critical to Japan\u2019s industrial needs and urged JOGMEC to invest in both extraction and local processing \u201cin line with the administration\u2019s policy on value addition.\u201d<\/p>\n<p>The minister added that Nigeria offers competitive production costs, a skilled workforce, and expanding infrastructure in rail, road, and waterways to support industries. He further explained that new legal reforms allow companies to generate their own power, while investors can also benefit from tax holidays and duty waivers on mining equipment.<\/p>\n<p>Alake also introduced the Nigeria Solid Minerals Company (NSMC), headed by CEO Martins Imonitie, noting that the company would take equity in mining ventures to foster credible partnerships.<\/p>\n<p>The meeting with JOGMEC came after earlier engagements with Japanese firms including Mitsubishi, Sumitomo, and Mitsui, who expressed interest in Nigeria, subject to JOGMEC\u2019s support.<\/p>\n<p>Both parties agreed to exchange technical information and pursue direct partnerships between JOGMEC and NSMC, paving the way for long-term strategic collaboration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Omoniyi David &nbsp; Nigeria and Japan are strengthening cooperation in the mining sector as the Minister of Solid Minerals Development, Dele Alake, met with officials of the Japan Organisation for Metals and Energy Security (JOGMEC), in Yokohama during the Ninth Tokyo International Conference on African Development (TICAD). The talks followed bilateral discussions between President [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":74121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,172],"tags":[],"class_list":["post-74118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=74118"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74118\/revisions"}],"predecessor-version":[{"id":74122,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74118\/revisions\/74122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/74121"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=74118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=74118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=74118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}