In a major move to diversify Nigeria’s solid minerals sector, the Federal Government has signed a Memorandum of Understanding (MoU) with the Republic of France. The agreement, signed during President Bola Tinubu’s recent visit to France, aims to enhance the critical mineral value chain, focusing on minerals like copper, lithium, nickel, cobalt, and rare earth elements, which are essential for clean energy technologies.

The MoU was signed by Nigeria’s Minister of Solid Minerals Development, Dele Alake, and Mr. Benjamin Gallezot, Inter-Ministerial Delegate for Critical Ores and Metals of France. Both countries have committed to collaborative efforts in research, training, and student exchanges to foster knowledge and skill transfer in the mining sector.

A key aspect of the agreement includes the promotion of sustainable mining practices, with an emphasis on reducing the environmental impacts of mining activities, including carbon emissions, water consumption, and other climate-related challenges.

Minister Alake emphasized that the partnership will not only improve Nigeria’s mining sector but also open the door to increased French investments. The collaboration will involve joint mining and processing projects, with co-financing from both public and private sectors, ensuring a more secure and diversified supply of critical minerals. The agreement also aims to improve the livelihoods of local communities affected by mining while ensuring transparency and international best practices.

This partnership marks a significant step forward in Nigeria’s efforts to become a global player in the mining industry while contributing to the fight against climate change.

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