France Not Taking Over Nigeria’s Mining Sector — Presidency

The Presidency has clarified that France is not taking over Nigeria’s mining sector, solid minerals, or security rights, contrary to speculations circulating on social media.

This clarification follows the recent state visit of President Bola Tinubu to France, during which Nigeria and France signed a Memorandum of Understanding (MoU) to develop joint projects aimed at promoting and diversifying both countries’ critical minerals value chains in the solid minerals sector.

However, the MoU sparked online speculations that France was planning to take over Nigeria’s mining sector and solid minerals.

In a statement issued on X on Thursday, Sunday Dare, the Special Adviser to the President on Media and Public Communication, clarified that Nigeria did not sign away its mining rights.

He emphasized that the agreement was aimed at fostering collaboration between the two countries, not at relinquishing control over Nigeria’s resources.

In the statement titled “The Facts: Nigeria-France MOU on Critical Minerals,” Sunday Dare outlined that both countries agreed to collaborate on research, training, and Franco-Nigerian student exchanges for knowledge and skills transfer.

The former Minister of Sports and Youth Development further emphasized that Nigeria would adhere to international global standards upon which the MoUs are based, ensuring the collaboration aligns with best practices and benefits both nations.

He wrote, “The French are not Taking Over. Nowhere in the document was it agreed or suggested that Nigeria has signed away Mining Rights to the French, nor does it connote anything against Nigeria’s Economic and Security interest as being maliciously circulated.

“Nigeria and France have agreed to develop joint projects to promote and diversify the critical minerals value chain In the solid minerals sector of both countries. Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential to clean energy technologies.

“In the Memorandum of Understanding signed by both countries on the sidelines of the official visit to France by President Bola Ahmed Tinubu recently, both countries agreed to collaborate on research, training and Franco-Nigerian students exchanges for knowledge and skills transfer.

“A key component of the Memorandum of Understanding is the promotion of sustainable mining activities by executing projects and programmes which reduce the environmental impact of mining on carbon emissions, water consumption and climate change.

“It also includes the establishment of joint extractive and processing projects through co-financing by public and private entities to diversify and secure the supply of critical minerals and decarbonise energy projects critical to the value chain.”

Dare stated that both countries agreed to effectively implement programs and projects aimed at improving the conditions of local residents affected by mining activities.

“Both agreed to adopt international best practices in the execution of programmes and projects to improve the conditions of the local populace affected by mining and ensure transparency.

“The MOU is expected to open new opportunities for the remediation of over 2,000 abandoned pits in the country through its plan to intervene in environmental rehabilitation and post-mining projects.

“Through regular bilateral and multilateral training, seminars and events, administrators of institutions in the critical Metals sector are expected to improve their capacity to manage the sector’s value chain,” he added.