Connect with us

Politics

Solid Minerals MoU: France Not Taking Over Nigeria – Presidency

Published

on

Solid Minerals MoU: France Not Taking Over Nigeria – Presidency
Spread the love

 

Contrary to speculations in some quarters, the Presidency has clarified that France is not taking over Nigeria’s mining sector, solid minerals or security rights.

During President Bola Tinubu’s recent state visit to France, Nigeria and France signed a memorandum of understanding (MoU) to develop joint projects to promote and diversify both countries’ critical minerals value chains in the solid minerals sector, leading to the speculations.

But in a statement issued on X on Thursday, Special Adviser to the President on Media and Public Communication Sunday Dare explained that while Nigeria would comply with international global standards upon which MoUs are based, it did not sign away mining rights.

Dare’s statement, titled “The Facts: Nigeria-France MOU on Critical Minerals,” noted, “The concept that MOUs are not legally binding allows for either party to exit the agreement or not meet the requirements outlined in the agreement without consequences.

It said, “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. No.”

The statement explained that “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.

“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,” it stated.

An MOU establishes a mutual intention and clarifies each party’s goals and objectives. The finalisation of an MOU provides a paper trail or records of the terms that have been negotiated leading to finalisation. MOUs reduce uncertainty between the involved parties because the document usually highlights their expectations and objectives, thereby preventing possible future disagreements. An MOU provides exit, as any party that finds the objectives and goals are not being met can easily end the agreement.

Politics

FG Sets Aside ₦27bn For Obasanjo, Gowon, Buhari, Others In 2025

Published

on

Spread the love

 

The Federal Government has allocated ₦27 billion for the entitlements of former presidents, vice presidents, heads of state, chiefs of staff, retired heads of service, and professors in the 2025 fiscal year.

The beneficiaries of this allocation include former Presidents Olusegun Obasanjo, Goodluck Jonathan, and Muhammadu Buhari, alongside ex-vice-presidents Atiku Abubakar, Namadi Sambo, and Prof. Yemi Osinbajo. Other notable individuals expected to benefit from this allocation are ex-military Heads of State, Gen. Yakubu Gowon (retd.) and Gen. Abdulsalami Abubakar (retd.), as well as former military President, Ibrahim Babangida, and retired Chief of General Staff, Commodore Ebitu Ukiwe.

It can be recalled that President Bola Tinubu on Wednesday presented the 2025 budget, titled ‘Budget of Restoration: Securing Peace, Rebuilding Prosperity,’ to a joint session of the National Assembly. The ₦49.70 trillion spending plan prioritizes defence, infrastructure, and human capital development, with a projected ₦13.39 trillion deficit to be financed through borrowing.

The Federal Government has allocated ₦1.4 trillion for pensions, gratuities, and retirees’ benefits. This allocation includes ₦2.3 billion for former presidents, heads of state, and vice presidents. Retired heads of service and permanent secretaries will receive ₦10.5 billion, while retired professors in universities will get ₦13.5 billion. Additionally, ₦1 billion has been allocated for retired heads of government agencies and parastatals. The total allocation for these groups amounts to ₦27 billion.

Furthermore, the budget allocates ₦46 billion for civilian pensions under the Office of the Head of Civil Service, while ₦383.9 billion is earmarked for military pensions and gratuities. An additional ₦66.8 billion is budgeted for expected retirees, with ₦434 million allocated for administrative charges, ₦596 million for pension running costs, and ₦870 million for medical retirees.

The Federal Government has also set aside funds for various social investment programs, including the student loan scheme, National Poverty Reduction with Growth Strategy programs, National Home Grown School Feeding Programme, and the Consumer Credit Fund initiatives. A total of ₦500 billion has been allocated for these programs, with ₦50 billion specifically earmarked for the student loan scheme.

Continue Reading

Politics

Tinubu Is Not Our Problem In North; We Ruled Nigeria For 40 Years But Nothing To Show – Ex-Speaker Yakubu Dogara

Published

on

Spread the love

Tinubu Is Not Our Problem In North; We Ruled Nigeria For 40 Years But Nothing To Show – Ex-Speaker Yakubu Dogara

North Remains The Same, Impoverished Despite Ruling Nigeria For Over 40-Years, Says Dogara.

“We are all northerners, and it should be made clear that President Tinubu or the South is not our problem. They have not come to cheat the North. That is out of the question.

“Some are claiming that Yoruba people are getting appointments, but let’s reflect. We ruled this country for over 40-years when northerners were in power. What did we achieve? The North remains the same, impoverished by our own leaders.

“We have had so much, but what did our governors do with the resources? They squandered them instead of investing in meaningful development.” -Yakubu Dogara, At A Townhall Meeting In Kaduna On Tax Reforms

Continue Reading

Politics

Vladimir Putin challenges US, western powers to shoot down powerful new Russian missile: “No chance”

Published

on

Spread the love
  • Russian President Vladimir Putin has proposed a “high-technology duel” with the US to test the Oreshnik, Russia’s advanced hypersonic ballistic missile
  • The Oreshnik missile, capable of speeds up to 8,500 mph and carrying nuclear warheads, has already been deployed in Ukraine, targeting Dnipro
  • Putin challenged the US to select a target for a live demonstration, claiming Western missile defences would fail against Russia’s new weapon
  • Ukrainian President Volodymyr Zelensky dismissed the challenge, questioning Putin’s rationality

Didacus Malowa, a journalist at TUKO.co.ke, brings over three years of experience covering politics and current affairs in Kenya.

Russian President Vladimir Vladimirovich Putin has issued a direct challenge to the United States.

Putin proposed a “high-technology duel” to test the effectiveness of Russia’s latest hypersonic ballistic missile, the Oreshnik.

The head of state made the proposition during his annual end-of-year press conference, a platform he often uses to assert Russia’s strength.

Military.com reports the Oreshnik missile, named after the Russian word for hazel tree, is an advanced intercontinental ballistic missile (ICBM) capable of carrying both conventional and nuclear warheads.

It reportedly reaches speeds up to 8,500 miles per hour, making it a formidable addition to Russia’s arsenal.

What is Putin’s challenge to US and allies

Putin’s challenge involves the US selecting a target to defend, against which Russia would launch the Oreshnik on Kyiv to demonstrate its ability to penetrate advanced missile defence systems.

“We’re ready for such an experiment,” expressing confidence that Western technology “stands no chance” against this new weapon.

In November, Russia deployed the Oreshnik against a military facility in Dnipro, Ukraine, marking its first known use in combat.

This action was framed as retaliation for Ukraine’s use of Western-supplied missiles, such as the US ATACMS and British Storm Shadow, in strikes against Russian territories.

How did Ukraine respond to Putin

Ukrainian President Volodymyr Zelensky responded to Putin’s challenge, questioning the rationality of such a proposal.

“Do you think he is a sane person?” Zelenskyy posed to reporters at his latest news conference as reported by Al Jazeera.

He went on to say that Ukraine and Russia had failed to strike an agreement during early-war discussions in Istanbul.

This comes after Putin stated that a tentative deal agreed by Russian and Ukrainian negotiators in Istanbul during the early weeks of the war may serve as the foundation for future conversations.

“Ukraine did not agree to the ultimatum from the Russian Federation. Ukraine did not sign anything, no agreements existed. There was a response to the ultimatum from the Russian Federation,” he declared.

Continue Reading

Trending