World Bank and NEXIM Bank team up to develop Nigeria’s mining sector

By Liz Gyekye
Published: Wednesday, 11 November 2015

Nigeria is the latest African country to declare that it is focusing on its mining sector to encourage investment and create jobs. In order to do this, the West African country’s Export-Import Bank has linked up with the World Bank to revamp Nigeria’s mining sector and diversify its economy away from oil.

The World Bank and the Nigerian Export-Import (NEXIM) Bank have announced a collaboration to develop and revamp Nigeria’s mining sector.

Nigeria is home to a variety of industrial mineral deposits including barytes (barite), talc, graphite, gypsum and mica, according to the Minerals Association of Nigeria. However, it has so far struggled...

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