Nigeria and France have formalised a partnership to enhance their mining sectors through a Memorandum of Understanding. Signed during President Bola Tinubu’s visit to France, the agreement aims to advance projects related to critical minerals essential for clean energy, such as lithium and cobalt. It seeks to address the remediation of abandoned mining sites and includes collaboration on research and training for skills transfer between the two nations. Moreover, the deal promotes sustainable mining practices to mitigate environmental impacts and improve local community conditions.

Critical minerals are increasingly vital for developing technologies that support clean energy solutions. Recent incidents in Nigeria, including fatal mining pit collapses, have highlighted the urgent need for better regulatory practices and resource management in the sector. This agreement represents a strategic move to attract foreign investment, bolster the skills of the local workforce, and ensure the mining practices adopted are both sustainable and beneficial to local communities.

The partnership between Nigeria and France marks a significant step towards revitalising Nigeria’s mining industry. By focusing on sustainable practices and skill development, this collaboration aims to ensure the responsible extraction of critical minerals and improve the livelihood of communities impacted by mining. The commitment to international best practices underscores the importance of transparency and sustainability in these ventures.

Original Source: economicconfidential.com

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