One of Nigeria's rare minerals has South Korea's attention

South Korea is interested in the lithium reserve in Nigeria, the largest economy in Africa. At the Seventh Korea-Africa Economic Co-operation Conference in Busan, South Korea, the Nigerian government was in discussions with its South Korean counterparts, according to Alaba Balogun, Deputy Director (Information) of the Nigerian Ministry of Solid Minerals Development. The deputy director's statement revealed that the conversations focussed on the 2006 Memorandum of Understanding between the two countries on investments in Nigeria's solid minerals sector, according to a report reported in the Nigerian publication Punch NG. According to the same statement, the Nigerian team present at the conference consisted of officials of the Ministry of Solid Minerals Development and Oando Mining Company, while the Korean Institute of Geosciences and Mineral Resources and Korean Mines Rehabilitation and Mineral Resources Corporation constituted the South Korean team.