Daily Beirut

World

U.S. Breakthrough in China's Sphere of Influence: Nigeria's Minerals Targeted by Washington

The U.S. and Nigeria signed a framework agreement to boost American investments in Nigeria's mineral resources, valued at $700 billion, amid escalating strategic competition over critical minerals in Africa.

··2 min read
U.S. Breakthrough in China's Sphere of Influence: Nigeria's Minerals Targeted by Washington
Share

Abuja and Washington signed a framework agreement to enhance and deepen U.S. investments in Nigeria’s mineral resources, valued at around $700 billion, in a move reflecting the accelerating strategic competition between Washington and Beijing over critical minerals on the African continent.

According to a report by Jeune Afrique, the signing ceremony took place in New York on Wednesday, on the sidelines of the United Nations General Assembly meetings, between Nigeria’s Minister of Solid Minerals, Dili Alake, and U.S. Assistant Secretary of State Christopher Landau.

The Nigerian Ministry of Solid Minerals stated in a statement issued Thursday that the agreement aims to strengthen bilateral relations between the two governments to facilitate commercial transactions between companies.

Minister Alake affirmed that Abuja seeks to move beyond exporting raw materials and aims to achieve "more local manufacturing, better job opportunities, skills development, and improved prospects for Nigerian businesses".

Tensions between Washington and Abuja

The African continent is witnessing an intensifying race among global powers to secure access to critical minerals such as lithium and cobalt, which form the foundation of digital transformation technologies, clean energy, and electric vehicle manufacturing.

The United States aims through these agreements to reduce dependence on supply chains dominated by China, particularly after Beijing imposed strict restrictions on exports of rare earth minerals.

This move follows the preferred diplomatic approach of U.S. President Donald Trump’s administration—transactional diplomacy paired with direct investment and reduced foreign aid.

The agreement was signed following a period of diplomatic tension between Washington and Abuja last year, sparked by remarks from Trump describing internal violence in Nigeria as a "genocide" against Christians—claims rejected by independent analysts. However, the crisis later led to increased military cooperation and the deployment of U.S. forces to counter jihadist groups and armed militias.

In related news, the United Nations announced on Wednesday the selection of six countries in Africa and Asia, including Nigeria, to receive support aimed at helping them extract higher value from their significant mineral deposits, which include lithium, gold reserves, tin, precious stones, iron ore, and phosphate.

Add Daily Beirut to your Google News feed to get the latest first.
Share