General
AfDB Develops Mechanism for Revenue Generation in Extractive Industry
By Adedapo Adesanya
The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries.
The AfDB made this known during a virtual inception workshop for the Financial Modelling Project in the Extractive Sector (FIMES) organised by the African Natural Resources Centre (ENRC) of the bank in Abidjan, Cote d’Ivoire.
According to the project report, FIMES will be implemented in eight transitional countries – Guinea, Liberia, Mali, Madagascar, Niger, Sierra Leone, South Sudan and Zimbabwe from 2020 to 2022.
The project, which is the first of its kind for the bank, is aimed at enhancing the abilities of the focal countries to improve domestic resource mobilisation from the extractive sectors.
Presenting the background information on the FIMES project, Mrs Vanessa Ushie, Division Manager, Policy Analysis, (ENRC, AfDB) said the project was aimed at the overall economic resilience of the continent.
Mrs Ushie also said that the scheme would build the capacity of government institutions to elaborate and use financial modelling of extractive projects to inform strategy setting and negotiate contracts and concessions.
She said: “20 government officials in each beneficiary member country will participate in the training, learning and knowledge activities as national beneficiaries, that is, 180 officials in the eight countries.
“Set criteria for selection of beneficiaries in the national cohort to include relevance to primary job function on extractive revenue management, knowledge of extractive sector fiscal issues’ potential multiplier effects (trainer-of-trainers approach) and IT proficiency.
“The project commits to at least 40 per cent of beneficiaries in the eight countries to be women.
“National Focal Point (NFP) main coordinating actor in each beneficiary country must be nominated by the national government to play this role.’’
She said the NFPs coordinate the national government’s engagement on the project, interface with the AfDB and other stakeholders and manage the selection of project beneficiaries.
Mrs Ushie added that the project components would focus on capacity building, peer learning and knowledge exchange, and FIMES’ Virtual Knowledge Hub.
In his contribution, Mr Yero Baldeh, Director, Transitional States Coordination Office, AfDB said the project was “competitively selected from the 2019 proposals’’.
He said the selection was done with a view to building capacity for the financing model and in turn, strengthen domestic resource mobilisation, institutional capacity and resilience in the selected transition member countries.
“The goal is to improve efficiency, sustainability and employer management practices in the artisanal and small scale mining sector in the selected transition countries.
“Through this project, the bank is strengthening the human capacity of government regulatory agencies among others to facilitate the formalisation of artisanal and small scale mining to generate employment and improve economic scales of several stakeholders, especially those along the artisanal and small scale mining value chain.’’ He added.
He reaffirmed the bank’s commitment to collaborate with member countries and its centre to proactively set up joint efforts to increase inclusiveness and accelerate development and support for policy reforms in the extractive sector.
In another contribution, Mrs Marie-Laure Akin-Olugbade, Director-General, West Africa Region, AfDB said the project would help the capacity of member governments to use financial modelling for optimising revenues from the extractives sector.
“This is a priority of the bank and is part of the strategy of the bank in putting together policies to strengthen resource mobilisation, industrialisation and the development of infrastructure,’’ she said.
Mr Akin-Olugbade noted that the Covid-19 pandemic had affected economies of member countries severely, and added that governments needed to strengthen economic resilience in order to recover.
Also, Mrs Josephine Ngure, Acting Director-General, Southern Africa Region, AfDB, said it was important for countries to have a robust and evidence-based framework to process the impact of policy decisions on extractives projects.
Mrs Ngure, who was represented by Mr Pietro Toigo, Country Manager, AfDB Office in Mozambique, added that countries should estimate the amount to which they secure fair shares of resources over the course of the project.
“This is particularly important because robust modelling gives you a sense of the impact over the whole lifespan of a project and helps policymakers not to concentrate on short term gains that may impair the ability of the state to generate revenue in the future,’’ he said.
She called for coordination and leadership across the departments in ministries that were charged with the various aspects of extractive projects.
However, Mrs Nnenna Nwabufo, Acting Director-General, East Africa Region, AfDB, lamented that most African countries exported extractive resources as raw materials with little value-added.
She noted that exportation of raw mineral resources was not beneficial to the sustainable economic development of the continent.
“We look forward to FIMES leading to increased transparency and accountability in the management of financial gains for the benefits of the countries rather than personal agenda of individuals or political interest groups,’’ she said.
She added that there was also the need to create an enabling environment that fostered linkages between projects in the extractives industry and the broader economy thereby contributing to inclusive and sustainable development.
The Director then called on the bank and it’s development partners to support member countries to build strong democratic institutions.
By Aduragbemi Omiyale
To ensure reliable access to clean and safe water for thousands of residents, Access Bank Plc has facilitated the installation of boreholes in 10 underserved communities in Nigeria.
The communities are Arogun, Omu Ishoko, Kemta, Ajibode, Aleku, Ogunrun, Oniwawa, Okeran, Abaren, and Afojupa.
This is part of the lender’s commitment to sustainable development and community well-being through its Access Clean Water Project, a transformative initiative aimed at improving access to clean water, sanitation, and hygiene (WASH).
The project, implemented in partnership with HACEY, a leading development organisation, directly supports Sustainable Development Goal 6, ensuring availability and sustainable management of water and sanitation for all.
With Nigeria’s population exceeding 200 million and access to pipe-borne water in urban households declining from 32 per cent in 1990 to just 3 per cent in 2015, the need for sustainable water solutions has never been more urgent.
The Access Clean Water Project addresses this challenge by providing functional boreholes and WASH education to communities in Obafemi Owode and Otta Local Government Areas, benefiting over 500,000 residents.
This initiative aligns with Access Bank’s broader Corporate Social Investment (CSI) strategy and reinforces its position as a leading sustainability-focused financial institution.
By supporting clean water access, the Bank is fostering community growth through improved health, education, and economic opportunities and demonstrating its commitment to inclusive development and long-term positive impact.
The Programme Officer for Health at Access Holdings Plc, Ms Esther Graham, said, “Access Bank is proud to support this vital initiative that not only improves lives but also strengthens the foundation for sustainable economic growth.”
“Our commitment to community development is unwavering, and we believe access to clean water is a fundamental right that drives progress,” she added.
In addition to infrastructure development, the Access Bank Clean Water Project includes comprehensive WASH (Water, Sanitation, and Hygiene) education, equipping community members with essential knowledge on hygiene practices and the prevention of waterborne diseases.
The impact of this initiative is far-reaching. By improving access to clean water, the project is expected to significantly reduce the incidence of waterborne illnesses, enhance hygiene standards, and promote healthier living conditions.
Ultimately, the project is expected to strengthen community resilience, drives sustainable development, and reaffirm Access Bank’s commitment to fostering inclusive growth and well-being across Nigeria.
By Adedapo Adesanya
Nigeria plans to launch a state-by-state home ownership and housing development campaign as part of the Renewed Hope Housing initiative.
The Minister of Housing and Urban Development, Mr Ahmed Dangiwa, made this known at the 19th Africa International Housing Show (AIHS) in Abuja, noting that the initiative aims to address housing needs across Nigeria, regardless of income level, by providing various housing options and facilitating access to homeownership.
Mr Dangiwa said the campaign, which will be rolled out in the 36 States of the Federation and the FCT, will make housing accessible to all Nigerians
According to the Minister, the biggest gaps in housing delivery are at the sub-national level where many state governments lack technical capacity, planning systems, and financial tools to act decisively.
He said that the programme would be implemented in collaboration with state governments, private sector investors, and international development partners.
“I am pleased to announce our plan to launch a State-by-State Homeownership and Housing Development Campaign, a high-impact outreach initiative in collaboration with state governments, the private sector, and development partners.
“The goal is to bridge the gap between national housing policy and state-level execution while empowering citizens with the knowledge and tools to access affordable housing opportunities.
“As part of this initiative, we aim to embed housing reform champions as Special Advisers to State Governors, convene State Housing Roundtables to review existing housing development plans.
“We will also provide technical advisory, develop actionable roadmaps, and offer hands-on support to structure viable projects and unlock financing.”
Mr Dangiwa said that the campaign would also ensure alignment with federal programmes, thereby enabling states to access funding and technical support from institutions.
The institutions include the Federal Mortgage Bank of Nigeria (FMBN), Nigeria Mortgage Refinance Company (NMRC), Family Homes Funds, the MoFI Real Estate Investment Fund (MREIF), Shelter Afrique Development Bank, and others.
“I therefore call on our development partners, DFIs, donor agencies, and private sector leaders to support this initiative.
“Let us take the knowledge we share in conferences like this and transform it into concrete action in our communities.”
Mr Dangiwa also said that to underscore the government’s renewed political will to housing delivery, plans have been finalised to establish an Experts-led National Housing Policy Coordination and Monitoring Committee.
He said this was to evaluate, and report on the implementation of the National Housing Policy and related housing sector programmes.
“Housing is not a privilege, it is a right. It is not just a roof, it is the bedrock of health, dignity, productivity, and national stability. When we invest in housing, we are investing in people, in jobs, in cities, and in the future,” he said.
Mr Dangiwa also acknowledged that the government alone cannot mobilise the funding required to fix the housing need.
He said that was why the government was leveraging Public Private Partnerships (PPPs) with reputable developers to deliver Renewed Hope Cities which target mid to high income earners.
He said that so far, over N70 billion in private sector capital have been attracted by the government .
By Adedapo Adesanya
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 11 individuals, including seven Chinese nationals, for engaging in illegal mining of ilmenite in the Eastern Obolo Local Government Area of Akwa Ibom State.
Ilmenite, the mineral allegedly mined illegally, is a key source of titanium and is in high demand globally for use in aircraft manufacturing, paints, and electronics.
According to the EFCC, the suspects were apprehended at Emem-Asuk community, where they were reportedly operating two unauthorized mining sites.
The group was caught while setting up equipment at a second location, having already begun the illegal extraction of ilmenite, at their first site.
Those arrested included Chinese nationals Yang Chaobao (32), Zhong Dun Yi (33), Cheng Jiang (35), Zhong Dun Long (37), Pan Peiming (33), Lai Yiping (37), and Zhu Lekun (35). Their Nigerian collaborators are David Israel (18), Jonah Bartholomew Jim (24), Samuel Samuel Timothy (20), and a female interpreter, Comfort Gabriel Ajaga (23).
In her statement to investigators, Ms Ajaga, the only female suspect, claimed she had no direct role in the mining operations.
“I am a student studying Chinese language at a Learning Centre in Anambra State. I only work with them as a translator,” she told EFCC operatives.
Preliminary findings indicate the suspects lacked the requisite permits or licences to carry out mining operations at either location.
The EFCC says the arrests are part of its ongoing efforts to clamp down on economic sabotage and environmental crimes in Nigeria’s extractive industries.
“The suspects will be charged to court upon conclusion of investigation,” the EFCC said in a statement posted on X.
This development underscores growing concerns over the influx of illegal mining operations in Nigeria, often run by foreign syndicates with local collaborators, leading to revenue losses and ecological degradation.
The EFCC has stepped up efforts to enforce the laws against illegal mining as part of a wider national effort to curb the activity.
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