Atiku's Spokesman Questions $700bn US Mineral Agreement

Mr. Paul Ibe, the Media Adviser to Alhaji Atiku Abubakar, former Vice President and presidential candidate of the African Democratic Congress, has raised concerns regarding the Federal Government's framework agreement with the United States concerning Nigeria's mineral sector, estimated at $700 billion. Ibe clarified that this figure represents the estimated value of Nigeria's mineral resources, not an investment from the United States.

He emphasized that Nigerians deserve transparency beyond mere photographs and speeches, questioning the specifics of Nigeria's commitments, the minerals involved, and the potential benefits for American companies. Ibe inquired about tax concessions, local content provisions, job guarantees, and the ownership of geological data.

He also expressed concerns over the National Assembly's role, citing constitutional provisions that require legislative approval for treaties to have legal force in Nigeria. Ibe urged that the National Assembly should not be sidelined in scrutinizing the agreement.