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Solid Minerals MoU: France Not Taking Over Nigeria – Presidency

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Solid Minerals MoU: France Not Taking Over Nigeria – Presidency
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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.

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Politics

All Soludo Support Group (ASSG) has made a significant donation of N30million to Governor Chukwuma Charles Soludo, demonstrating their confidence in his leadership and commitment to his re-election bid.

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April 3, 2025

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The All Soludo Support Group (ASSG) has made a significant donation of N30million to Governor Chukwuma Charles Soludo, demonstrating their confidence in his leadership and commitment to his re-election bid.

This donation is specifically intended to cover the cost of the APGA governorship candidate form, and it’s a testament to the governor’s popularity and the group’s enthusiasm for his continued leadership.

According to ekwutosblog, this donation is a significant boost to Soludo’s campaign, reflecting the widespread support he enjoys among his constituents.

Governor Soludo’s administration has been praised for its development initiatives and human-oriented policies, which have transformed Awka into a world-class capital city.

The ASSG’s donation is the latest in a series of endorsements and support for Governor Soludo’s re-election bid.

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We’re working on new 2025 budget for Rivers – Sole Administrator Ibas

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April 3, 2025

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The Sole Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ibas, has announced that a 2025 budget is being prepared to enhance healthcare delivery, education, agriculture, and infrastructure.

Speaking on Thursday at the Government House in Port Harcourt, while receiving a delegation of the Rivers State caucus at the National Assembly, Ibas stated that the anticipated budget would also focus on creating more employment opportunities for the people of Rivers State and advancing technological development in critical areas of public life.

The delegation was led by Senator Barinada Mpigi, representing Rivers South-East District.

Other members included Senator Allwell Onyesoh and the Minority Leader of the House of Representatives, Hon. Kingsley Chinda. The rest are honourables Dumnamene Dekor, Solomon Bob, Cyril Godwin Hart, Blessing Amadi, Felix Nwaeke, Kelechi Nwogu, and Victor Obuzor.

The sole administrator emphasised that since assuming office, he has remained committed to restoring law and order in Rivers State, with the support of security agencies.

Ibas reiterated his administration’s commitment to making Rivers State a model of peace among states, with a stable economy and an environment where citizens can pursue their livelihoods without fear or intimidation.

He highlighted the importance of the lawmakers’ support as key representatives of Rivers State in the National Assembly, calling for their assistance in securing the necessary resources and legislative backing to bring his administration’s initiatives to fruition.

He said: “Since the Supreme Court verdict on the state’s budget, we have acted swiftly and decided to put together a new budget that reflects our commitment to healthcare, education, social services, and continued infrastructural development.

“We have worked diligently to ensure that the process is transparent, inclusive, and, most importantly, expedited.

“Our goal is to ensure that we do not lose any more time in making the necessary investments that will improve the lives of citizens.

“The budget, which is being finalised, focuses on creating job opportunities and investing in key sectors such as agriculture, infrastructure, and technology.

“We understand the urgency of this initiative, and we are committed to ensuring that it is implemented without delay.”

According to Ibas, the people of Rivers State have demonstrated resilience in the ongoing efforts to restore peace and uphold the rule of law.

He assured that his administration remains committed to achieving lasting peace in the state.

In his remarks, Senator Mpigi assured that members of the National Assembly caucus would support all efforts aimed at bringing development to the state.

Notable National Assembly members absent at the meeting include the immediate past Deputy Governor, Senator Ipalibo Harry Banigo, and Hon. Boma Goodhead.

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Politics

I will not only win, I will win with an overwhelming victory because I have been tested and trusted, people have seen my trajectory, they know my past, they know where I am coming from and they know why I am in politics —– Valentine Chinedu Obigbo

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April 3, 2025

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During a meeting with the APC Leaders in Anambra central, the Anambra governor aspirant for APC affirmative stated that he is going to win the Election Anambra state with an overwhelming victory.

He also mentioned that with him, Anambra State must return to its glory as light of the nation, going by his slogan “Ka Anambra Chawapu”.

He promised to make God proud and use Anambra state to set standards as what good governance ought to be when he assumes the position as Governor of Anambra.

 

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