Nigeria and France Partner on Critical Minerals

Nigeria and France have signed a MoU to enhance cooperation on critical minerals. The agreement focuses on environmental sustainability, skills transfer, and co-financing joint projects. It aims to relaunch abandoned mining pits in Nigeria and attract French investors.

Nigeria and France have entered into an agreement aimed at strengthening their cooperation in critical minerals. The Memorandum of Understanding (MoU) was signed by Dele Alake, Nigeria’s Minister of Solid Minerals Development, and Benjamin Gallezot, France’s Minister of Critical Ores and Metals. This partnership not only facilitates research and knowledge sharing but also promotes skills transfer and training opportunities for students from both nations.

A significant part of the collaboration will focus on addressing environmental concerns linked to mining activities. According to the Nigerian Ministry, the aim is to reduce carbon emissions, conserve water, and adapt to climate change. The MoU outlines how the two countries plan to work together in mitigating the adverse effects that mining can have on the environment.

In a financial aspect, Nigeria and France are set to co-finance joint extractive and processing projects for critical minerals, aligning with global best practices. Dele Alake has indicated that Nigeria is keen on utilizing French expertise to revitalise over 2,000 abandoned mining pits, which could significantly enhance the sector’s productivity. Moreover, this agreement is expected to attract French investors, indicating a promising future for the partnership.

In summary, Nigeria and France’s new MoU marks a significant step towards collaboration in critical minerals. The agreement aims to not only enhance value chains but also address environmental issues in mining. Nigeria anticipates that French expertise will help revive abandoned mining sites and attract investments, potentially leading to economic benefits for both countries.

Original Source: energycapitalpower.com