Alake said this shortly after he and US Deputy Secretary of State Christopher Landau signed an agreement to deepen American investment in Nigeria’s mining sector.
The signing took place on Wednesday at the Nigeria Mission House in New York.
According to the minister, the agreement is an important step in strengthening Nigeria-US cooperation around our mineral resources, valued at about $700 billion. He said the framework covers geological data and exploration, mineral development and processing, infrastructure, and technical capacity.
"Nigeria cannot remain a source of raw materials while others capture most of the value. We want more local processing, quality jobs, stronger skills and greater opportunities for Nigerian businesses.
"In the coming months, we will turn this framework into projects, investments and real results for our people. We will identify viable projects and build partnerships that create value for Nigerians and our US partners.
"This is how we turn our mineral wealth into lasting economic growth and advance the diversification goals of President Bola Ahmed Tinubu’s Renewed Hope Agenda," Alake said.
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