The Federal Government of Nigeria has entered into a strategic Memorandum of Understanding (MoU) with the Republic of France to enhance collaboration in the critical minerals sector, targeting significant developments in sustainable mining and energy technologies.
The landmark agreement was signed by the Minister of Solid Minerals Development, Dele Alake, during President Bola Tinubu’s official visit to Paris, according to a statement released by Segun Tomori, the minister’s Special Assistant on Media.
The partnership focuses on critical minerals fundamental to clean energy technologies, specifically targeting minerals including copper, lithium, nickel, cobalt, and rare earth elements. Both nations have committed to a multifaceted approach to mineral sector development.
“Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential to clean energy technologies,” the official statement highlighted, emphasizing the strategic importance of the agreement.
The Explainer gathered that the MoU encompasses extensive collaborative frameworks, including joint research initiatives, training programs, and student exchange opportunities designed to facilitate knowledge and skills transfer between Nigerian and French institutions.
A pivotal aspect of the agreement centers on promoting sustainable mining practices. The countries have mutually agreed to execute projects that significantly reduce environmental impacts, with specific focus on minimizing carbon emissions, managing water consumption, and addressing climate change challenges.
“Both countries agreed to collaborate on research, training and Franco-Nigerian students exchanges for knowledge and skills transfer,” the statement elaborated.
Minister Dele Alake explicitly stated that the ministry would utilize this partnership to attract French investors into Nigeria’s mining sector.
The agreement includes provisions for establishing joint executive and processing projects, with potential co-financing from public and private entities.
Dr. Alake represented Nigeria during the signing ceremony, while Mr. Benjamin Gallezot, the Inter-Ministerial delegate for Critical Ores and Metals of the Republic of France, signed on behalf of the French government.
