FG, African finance corporation seal $1.3bn alumina refinery deal

Nationaldailyng | 02-03-2026 09:53am |

The Federal Government, through the Solid Minerals Development Fund (SMDF), has signed a landmark $1.3 billion Memorandum of Understanding with the Africa Finance Corporation (AFC) to jointly finance a major alumina refinery project, a nationwide geoscience mapping program, and establish a strategic investment vehicle to unlock Nigeria’s mineral wealth. The agreement marks the culmination of

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