# SMDF and OCP announce strategic partnership to explore Nigeria’s phosphate reserves -

> Nigeria's Solid Minerals Development Fund signed a technical cooperation agreement with OCP Africa Fertilizers Nigeria to explore and develop phosphate deposits in the Sokoto Basin. The deal includes exploration, appraisal, and training of geologists and mining engineers.

- Date: 2019-10-14 · published 2019-10-14T12:00:00.000Z
- Category: policy · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/56885-smdf-and-ocp-announce-strategic-partnership-to-explore-nigeria-s-phosphate
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Exploration in Nigeria is a long-term supply prospect for phosphate and has no near-term effect on fertilizer or feed phosphate prices.

## Read by commodity

- PHOSROCK: neutral

## Sources

- businessday.ng: https://businessday.ng/uncategorized/article/smdf-and-ocp-announce-strategic-partnership-to-explore-nigerias-phosphate-reserves/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.