France is funding geological data exploration for Nigeria’s Geological Survey Agency as part of an MOU signed in December 2024. Discussions at the Future Minerals Forum aimed to advance mining collaborations and regulatory frameworks between the two countries. Key topics included sustainable mining, necessary technological upgrades, and the potential for joint explorations.
France has pledged to finance the geological data exploration of Nigeria’s Geological Survey Agency (NGSA). Kehinde Bamigbetan, a special adviser to the minister of solid minerals development, announced this commitment as part of a memorandum of understanding (MOU) signed in December 2024. This agreement aims to enhance mining activities in both countries.
On December 1, 2024, Nigeria and France formalised their collaboration on diversifying solid minerals through an MOU during President Bola Tinubu’s visit to Paris. The signing was instrumental in establishing a framework for the two nations to collaborate on mining initiatives.
During discussions at the Future Minerals Forum in Riyadh, Nigeria’s Minister Alake and France’s Benjamin Gallezot addressed the MOU’s progression and shared insights on mining regulations and illegal mining practices in both countries. Additionally, they reported on strategies to eliminate misinformation regarding the MOU’s objectives.
Gallezot highlighted that his department is evaluating interested French companies for investment opportunities in Nigeria’s mining sector. He informed the Nigerian ministry that discussions from the meeting will be escalated through various governmental channels for further action.
The meeting covered crucial topics including sustainable and artisanal mining, geological exploration, and necessary training. Olusegun Ige, DG of NGSA, emphasised the urgent need for improved technology and laboratory upgrades for optimal mineral analysis.
Simon Nkom, DG of the Nigerian mining cadastral office, called for harmonisation of mining laws between both nations, which he suggested might streamline Nigeria’s legal framework. Fatima Shinkafi, from the Nigerian Solid Minerals Development Fund, advocated for joint funding of preliminary exploration projects with French financial institutions.
The commitment of France to fund the geological exploration in Nigeria illustrates a strengthening bilateral relationship focused on sustainable mining practices and improved resource management. The MOU signed in December 2024 aims to diversify and enhance the solid minerals sectors in both countries, reflecting ongoing collaborative efforts within the framework established during President Bola Tinubu’s official visit to France.
France’s funding commitment marks a significant step in enhancing Nigeria’s geological capabilities, with the two nations actively engaging to advance mining regulations and investment opportunities. Collaborative efforts aimed at developing Nigeria’s mining sector promise to foster growth, technological advancement, and improved mining practices. The partnership will also bolster Nigeria’s capacity for geological research and analysis, enhancing its global standing in the minerals market.
Original Source: www.thecable.ng