Nigeria and France have signed an MoU to develop capacity management in the mining sector. The agreement includes training, sustainable practices, and joint projects for environmental rehabilitation. It aims to diversify critical minerals while attracting French investments to Nigeria’s mining sector.
Nigeria and France have formalised a collaboration through a Memorandum of Understanding (MoU) aimed at enhancing the management of the mining sector’s value chain in both countries. This agreement, signed during President Bola Tinubu’s visit to France, emphasises the need for regular training and seminars to boost the capacity of institutions involved in the critical metals sector.
The MoU is intended to promote sustainable mining practices that minimise environmental impacts and to establish joint projects between public and private sectors. Alongside research and student exchanges, this partnership aims to rejuvenate over 2,000 abandoned mining sites to facilitate environmental rehabilitation. The Nigerian government views this agreement as a vital step towards increasing international competitiveness and attracting French investment into its mining sector.
The partnership between Nigeria and France in managing the mining sector’s value chain stems from the need to enhance the effectiveness of solid minerals management. The agreement highlights a shared commitment to sustainable practices and the development of critical minerals, which are essential for global energy transitions. Collaborating via this MoU will allow both countries to leverage their strengths, share expertise, and improve practices in a sector that is increasingly important to their economies.
The signing of the MoU between Nigeria and France represents a significant advancement in international cooperation to foster sustainable mining practices and improve management of the mining sector’s value chain. This agreement not only promises to enhance training and capacity-building initiatives but also aims to rehabilitate environmental damage caused by past mining activities. Ultimately, the collaboration could lead to increased foreign investment and improved conditions for communities affected by mining.
Original Source: www.ripplesnigeria.com