Renégociation des contrats miniers : Moubarack Lo appelle à “remettre à plat” certaines pratiques
For economist Moubarack Lo, renegotiating contracts in the mining and extractive sectors is a necessary step to restore the balance between the interests of companies and those of the state.
Invited to the "Grand Jury" on RFM this Sunday, March 15, the former director general of the Bureau of Economic Forecasting housed in the Prime Minister's office praised the government's "exercise in transparency" while advocating for a reassessment of certain practices that he considers unfavorable to Senegal.
"It is not normal that Senegalese people do not benefit as they should from their heritage and assets," he stated, denouncing a system where the State sometimes bears the losses while the profits benefit other actors.
Indeed, according to the statistician, renegotiating contracts should correct imbalances that have sometimes prevented the country from fully benefiting from its resources. Moubarack Lo emphasizes the need for rigorous management of public affairs so that national wealth primarily benefits the Senegalese people.
Thus, Mr. Lo mentions the need for a kind of "reset" of certain economic practices. He believes, however, that several mechanisms must be thoroughly reviewed. "We need to start over from scratch, examining everything that isn't working, and rebuild on a new foundation," he argued.
Furthermore, Moubarack Lo believes that the job creation argument put forward by the companies concerned to defend their contractual advantages cannot suffice to justify significant losses for the community.
“Every time you question a protected company, its first reaction is to say that it creates thousands of jobs,” he explained, before adding that these benefits must be compared with what the company stands to lose. This can sometimes amount to “hundreds of billions of CFA francs.”
For the economist, the debate must therefore be framed in terms of a cost-benefit analysis for society as a whole. If the losses for the state far outweigh the economic gains generated by these companies, then renegotiation becomes, in his view, not only legitimate but necessary.
As a reminder, Prime Minister Ousmane Sonko, at a press conference on Thursday, March 12, 2026, announced that the government had launched a comprehensive review of agreements in several strategic sectors—mining, hydrocarbons, and cement plants—in order to identify losses incurred by the state and renegotiate agreements deemed unfavorable. Authorities estimate that certain mining agreements have resulted in a shortfall of over 1,075 billion CFA francs for Senegal.
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