The Minister of State for Mines and Steel Development, Gbemisola Saraki, has said the ministry’s vision is to revolutionise the mining sector to attract more foreign investors. She said the expectation of President Muhammadu Buhari for the ministry, included diversification of the economy with a target of a five per cent contribution to Gross Domestic Product (GDP) and creating an Read More
The federal government has urged Nigerian women to leverage on opportunities available in the mining sector for their empowerment benefit. The Minister of State for Mines and Steel Development, Senator Gbemisola Saraki, made this known in Abuja while delivering a keynote address at the opening of a 2-day Women In Mining (WiMiN) summit in Abuja Wednesday. Saraki who was represented Read More
Some spirited individuals and stakeholders in the mining sector are taking advantage of the recently- signed mining act by President Muhammadu Buhari to engage youths in Kogi state as against idleness for crimes and political thuggery. OYIBO SALIHU reports. Youth in any state or nation represent 60-65 per cent of the population. Apparently youth unemployment is one of the biggest Read More
On November 25 2021, the federal government inaugurated a 14-member National Taskforce Committee to draft a framework that would guide mining activities in the country. The committee is chaired by the National Security Adviser (NSA), Babagana Monguno. Part of the committee’s terms of reference is the development of a framework for vetting of prospective miners who would undertake mining activities Read More
Zamfara state governor Bello Matawalle on Friday said the federal government’s proposed legal framework on mining would end banditry in the state. Matawalle in a statement by his director-general on media, public enlightenment and communication, Malam Yusuf Idris, commended President Muhammadu Buhari for setting up the committee. The 14-member National Task Force Committee was set up to draft a legal Read More
Coalition of women right advancement groups and stakeholders will hold a one consultative forum on Wednesday in Lagos to brainstorm and raise awareness amongst key state and non-state actors on the impact of unregulated and illegal sand mining on women. The organisers said women from the Rabaka coastal community in Ikorodu local government area will share their experiences on the Read More
Minister of Mines and Steel Development Arc Olamilekan Adegbite has revealed several reasons why investors should invest in Nigeria Mining sector. He stated this at the 5th Annual Nigeria Mining Week, titled “Seven Compelling Reasons to Invest in Nigeria’s Mining Sector.” However, he said, “I can give you a hundred compelling reasons to invest in Nigeria’s mining sector. For starters, Read More
A chieftain of the ruling All Progressives Congress (APC) and real estate mogul, Moses Ayom has described the relationship between Nigeria’s President Muhammadu Buhari and China’s counterpart Xi Jinping as the standard for bilateral cooperation in the world. Ayom, who is aspiring to succeed President Buhari in 2023, said in a goodwill message to both countries marking 50 years of Read More
The House of Representatives has expressed concern over the raising spate of illegal mining in the Ijesa area of Osun state, thereby moving to ascertain the actual number of licensed operators. To this end, the House Wednesday mandated its committee on Solid Minerals Development to liaise with the Federal Ministry of Mines and Steel Development, to ascertain the authorised and Read More
The Niger state Task Force on Forest Exploitation has auctioned about 500 bags of charcoal confiscated from illegal dealers in the state at the cost of N1000 per bag. Speaking at the occasion, the Secretary to the State Government (SSG), Ahmed Ibrahim Matane, warned that government would not hesitate to deal with anyone caught engaged in indiscriminate felling of trees Read More
The Senate, Friday, summoned the Minister of Mines and Steel Development, Olamilekan Adegbite, over poor regulation and loss of revenues in the sector. This is as the Upper legislative chamber through its joint committees on Finance, National Planning, Gas Resources, Petroleum Upstream and Downstream, fixed N15billion as target revenue for Nigeria Mining Cadastre Office (NMCO) in 2022 as against N4billion Read More
The President Muhammadu Buhari-led government has so far recovered about to One trillion Naira worth of stolen funds and assets since assuming office in 2015. The APC Legacy Awareness and Campaign (LAC), a voluntary think-tank group of the governing party, in a statement released Thursday in Abuja, said all final forfeitures are being deployed for use in the government’s special Read More
A voluntary think-tank group of the governing All Progressives Congress (APC) on the platform of Legacy Awareness and Campaign (APC-LAC), said the tide has turned against the dreaded Boko Haram and Islamic State of West African Province (ISWAP) responsible for the insecurity in Nigeria. The APC group also revealed that “the increased pressure being brought to bear on the insurgents Read More
Growth in Company Income Tax (CIT) has suggested recovery in activities across various sectors. Specifically, CIT realized from the mining sector rose astronomically by 36,203.8 per cent quarter-on-quarter ( q/q) to N12.5 billion, the highest quarterly amount since the Nigerian Bureau of Statistics (NBS) began tracking CIT payment by sectors. “We attribute this to the recent wave of reforms in Read More
Katsina state governor Alhaji Aminu Bello Masari has called for “directional” leadership to harness abundant mineral resources in every state of the federation. The governor who stated this when he paid a courtesy visit to the Minister of Mines and Steel Development Arc Olamilekan Adegbite in his office, Abuja, stressed that harnessing the minerals would end dependency on federal government. Read More
Towards the attainment of a robust economic growth, a number of reforms were initiated to reposition the minerals and metals sector for sustainable growth and development. According to the Ministry of Mines and Steel Development (MMSD), one of the significant reform strategies was the development of Roadmap for the Growth and Development of the Nigerian Mining Industry. “This Roadmap formulated Read More
Aurelia Mining Limited, a mining company based in the United Kingdom (UK), has declared it will invest $100 million in gold mining in Nigeria. This was disclosed by its Director, Mr Julian Hammond after a meeting with the Minister of Mines and Steel Development, Mr Olamilekan Adegbite, on Monday in Abuja. Hammond revealed that the company plans to start preliminary Read More
A pro-democracy group known as Democracy Vanguard of Nigeria in Diaspora (DVND) has written a letter to the United States of America through its Nigerian Ambassador Mary Beth Leonard, asking for a Visa ban on all the senators who voted against the electronic transmission of election results in Nigeria. The eighty Senators included 52 that voted against the bill and Read More
Jacob Zuma, former president of South Africa, was found guilty of contempt of court on Tuesday, and sentenced to 15 months in jail. South Africa’s Constitutional Court gave the sentence after Zuma failed to appear at the inquiry led by Deputy Chief Justice Raymond Zondo in February. The inquiry is examining allegations of high-level graft during Zuma’s period in power Read More
The Chief Press Secretary to Governor Adegboyega Oyetola of Osun State, Ismail Omipidan, has lambasted the opposition Peoples Democratic Party (PDP) for their comment over payment of salary in the state. The PDP had flayed the Governor for flaunting regular payment of salaries as part of its achievements. Omipidan in a personal statement maintained that Oyetola has not erred for Read More
The Minister of Environment, Dr. Mohammad Abubakar, weekend disclosed that the federal government has established four Hectares of forest plantation at Ago Owu Forest Reserve in Irewole Local Government Area of Osun state. This is just as Governor Adegboyega Oyetola lamented pollution of waters and threat to the environment by artisanal miners in the state. The duo of the Minister and the Read More
In a related development, the Minister of State Mines and Steel Development Dr Uchechukwu Sampson Ogah during a meeting with stakeholders in Akwa Ibom, enjoined operators to ensure they always obtain the relevant licences and pay due royalties to the federation account to enable government meet its obligations to the citizens. Ogah noted that with the eight mineral resources in Read More
Minister of State for Petroleum Resources, Timipre Sylva has explained that the Oil Mining Lease (OML) offer to Addax Petroleum Nigeria Limited was revoked, because there was no ministerial consent as required before its attempted sale by the firm . Addressing the House of Representatives Committee on Petroleum Resources (upstream) on Thursday, Sylva also denied that there was any breach Read More
Minister of State Mines and Steel Development Dr Uchechukwu Sampson Ogah has reiterated that the nation’s solid minerals would trigger industrialisation and national development. Ogah stated this in his welcome address on the occasion of the study visit by SG7 of the senior executive course 43 participants of National Institute For Policy And Strategic Studies (NIPSS), Kuru, at the Ministry’s Read More
Meanwhile, at the stakeholders meeting in Rivers state, stakeholders decried the double taxation in the state. Second National Vice President of Miners Association of Nigeria (MAN) Kennedy Enebeli revealed that the major mining activities in Rivers state are sand dredging and quarrying, he however said operators in the state are hemorrhaging under the yoke of multiple regulations, controls and taxation Read More
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