Nigeria Pushes for Fair Mineral Trade and Global AI Standards at G20 Summit

Nigeria has made a strong call for a global framework to ensure fair trade and ethical standards in the mineral industry, particularly for critical minerals. At the recent G20 Leaders’ Summit in South Africa, Vice President Kashim Shettima emphasized the need for fairness, transparency, and accountability in the extraction and trade of these resources. This push is part of Nigeria’s efforts to benefit from its mineral wealth and promote industrial transformation in Africa

Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has also highlighted the importance of value addition and local beneficiation in the mineral industry. The country has secured a study facility to develop a roadmap for its critical value chain, from extraction to beneficiation, with the goal of ensuring that the wealth generated from hosting communities translates into shared progress

In addition to fair mineral trade, Nigeria has also backed the creation of global ethical standards for Artificial Intelligence (AI). The aim is to accelerate development across the world and ensure that AI benefits all nations, particularly developing ones. This move recognizes the potential of AI to drive growth and transformation, while also acknowledging the need for responsible AI development and deployment

A global framework for fair mineral trade and ethical AI standards can have numerous benefits for Nigeria and Africa. These include:

– Increased revenue for host communities
– Promotion of local economic development
– Improved transparency and accountability in the mineral industry
– Accelerated development and growth through responsible AI deployment

Nigeria’s push for fair mineral trade and global AI standards at the G20 summit is a significant step towards promoting the country’s economic development and ensuring that the benefits of its natural resources are shared equitably. By working together with other nations and stakeholders, Nigeria can help create a more just and equitable global economy.