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Nigeria Attracts $2.6bn Mining Investments on Local Value Addition Policy—Alake

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Kaolin mining

By Adedapo Adesanya

The Minister of Solid Minerals Development, Mr Dele Alake, says Nigeria’s local value addition policy attracted over $2.6 billion in mining investments within two years.

Mr Alake spoke during a joint stakeholders’ sensitisation meeting organised by the Nigeria Revenue Service and the Ministry of Solid Minerals Development in Abuja.

A statement issued by the minister’s Special Assistant on Media, Ms Lara Wise, said ongoing reforms extended beyond enforcement and revenue generation towards building a sustainable mining ecosystem capable of creating jobs and boosting exports.

He explained that reforms were also designed to increase government revenue and accelerate industrialisation across the country through responsible mining activities and local value addition initiatives.

According to him, the solid minerals sector has become central to the economic diversification agenda of President Bola Tinubu. Alake said reforms introduced by the administration were already producing visible outcomes through increased investments and expanding mineral processing activities nationwide.

“We now have a $600 million lithium processing factory awaiting commissioning in Nasarawa State and another 200 million dollars lithium facility near Abuja,” he said.

He added that gold processing plants and other mineral beneficiation factories were emerging across Nigeria, creating employment opportunities for citizens in mining communities and industrial centres.

The minister stressed that the Federal Government was no longer interested in exporting raw minerals without domestic processing and industrial value addition. He said the ministry introduced reforms to improve the ease of doing business and strengthen licensing processes within the solid minerals sector.

Mr Alake stated that the government had also expanded geoscience data generation, formalised artisanal miners and sanitised the sector to attract responsible investors.

According to him, more than 300 illegal mining operators, including foreign nationals, have been arrested during ongoing enforcement operations across the country.

He disclosed that over 150 prosecutions involving illegal mining activities were currently ongoing in different courts nationwide. “Over 100 illegal mining sites have been recovered and returned to legitimate owners as part of efforts to restore investor confidence,” he said.

The minister observed that Nigeria struggled economically for years because previous administrations lacked the courage to implement difficult but necessary reforms. “Nigeria was borrowing to pay salaries before 2023. Resources were used mainly for recurrent expenditure and unsustainable fuel subsidy payments,” he stated.

Mr Alake said President Tinubu immediately moved to block leakages and reform critical sectors of the economy after assuming office.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Senate Voids SPAC Arrest Warrant Against Ex-NNPC Boss Mele Kyari

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By Adedapo Adesanya

The Senate has nullified a warrant of arrest purportedly issued by the Senate Public Accounts Committee (SPAC) against the former chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari.

The motion, sponsored by the Senate Leader, Mr Opeyemi Bamidele, also formally dissociated the Senate from comments attributed to Senator Adams Oshiomhole, who reportedly described the state oil company as “a bunch of criminals and thieves” during a Public Accounts Committee hearing earlier on Wednesday.

The Senate emphasised that legislative oversight must be conducted within the framework of the Constitution, due process, and the principles of fair hearing.

Presenting the motion, Mr Bamidele argued that while Sections 88 and 89 of the Constitution grant investigative and oversight powers to the National Assembly, the authority to issue warrants compelling the attendance of witnesses is clearly vested in the presiding officer of the legislative chamber.

According to him, Sections 4, 5 and 6 of the Legislative Houses (Powers and Privileges) Act confer the power to issue warrants exclusively on the President of the Senate in matters relating to Senate proceedings and committees.

Mr Bamidele warned that any attempt by a Senate committee to independently issue or execute a warrant of arrest without authorisation from the Senate President could amount to an unlawful exercise of power.

“The power to issue a warrant affecting the liberty of a citizen is an extraordinary statutory power which must be exercised strictly in accordance with the procedure prescribed by law,” the lawmaker noted.

He further maintained that legislative investigations are not substitutes for criminal prosecution and that neither individuals nor institutions should be presumed guilty before the conclusion of investigations or judicial determination.

“The constitutional doctrine of fair hearing and the presumption of innocence require that no person or institution be adjudged guilty except by a court of competent jurisdiction after due process of law.”

A major aspect of the motion focused on personal remarks attributed to Mr Oshiomhole during deliberations of the Public Accounts Committee.

Mr Bamidele argued that describing NNPC as “a bunch of criminals and thieves” was capable of conveying a conclusion of criminal culpability before the completion of any lawful investigation, warning that such statements could be interpreted by the public as the official position of the Senate and undermine confidence in the impartiality of ongoing oversight proceedings.

“Such statements, if left unclarified, may be misconstrued by the public as representing the official position of the Senate and may undermine confidence in the impartiality and objectivity of ongoing legislative oversight proceedings.”

The Senate subsequently adopted a resolution formally dissociating itself from the comments and clarifying that they do not represent the findings, opinion, resolution or official position of the upper chamber.

Deputy Senate President, Mr Barau Jibrin, strongly backed the motion, describing it as part of the constitutional responsibilities of the Senate Leader.

Reading from Senate rules and constitutional provisions, Mr Barau stressed that committees are subordinate organs of the Senate and may only make recommendations rather than independently exercise powers reserved for the chamber.

“The committee overstepped its bounds, and he has done the right thing by drawing attention to it.”

He maintained that the Senate must always operate in accordance with both its rules and the Constitution.

“We need to do things in line with our rules and with the law of the land.”

For his part, Senator Mohammed Tahir Monguno described the motion as a necessary intervention to preserve the credibility of the legislature.

According to him, it would be contradictory for lawmakers to make laws for national governance while simultaneously violating those same laws.

“The Senate, being the highest law-making body of the country, should not only be above board but should be seen manifestly to be above board.”

He characterised the motion as both a wake-up call and a reminder for committees to strictly comply with constitutional provisions and Senate rules.

Senator Abba Moro emphasised the importance of maintaining decorum and avoiding statements capable of damaging reputations.

“We should not make statements that seek to impugn the character of public officers or individuals in society.”

Mr Moro cautioned that Nigerians closely monitor Senate proceedings and warned that inappropriate conduct could undermine public trust in the institution.

On his part, Senator Adamu Aliero was among the strongest critics of Oshiomhole’s comments, describing the statement as “reckless” and arguing that it could damage Nigeria’s investment image internationally.

“The NNPC is the cash cow of this country. Such reckless statements send wrong signals to outsiders and can jeopardise foreign direct investment.”

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Customs to Curb Vegetable Oil Smuggling to Protect Local Investments

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vegetable oil from Kenya

By Adedapo Adesanya

The Nigeria Customs Service (NCS) has signalled intensified efforts to combat the smuggling of vegetable oil into the country, with the launch of special operations aimed at protecting local investments, preserving jobs, and supporting the growth of the agricultural value chain.

The Comptroller-General of Customs (CGC), Mr Adewale Adeniyi, disclosed this during a meeting with stakeholders in the vegetable oil industry at the Service Headquarters in Maitama, Abuja, according to a statement issued by the service on Wednesday.

Mr Adeniyi said his organisation remains committed to tackling smuggling through strategic enforcement, intelligence gathering, and stakeholder collaboration, noting that customs and operators in the vegetable oil sector share a common objective of protecting legitimate businesses, encouraging investment, and strengthening the national economy.

He explained that addressing smuggling requires sustained cooperation between government agencies and the private sector, particularly in sectors that contribute significantly to employment generation and economic development.

Mr Adeniyi also called on stakeholders to support enforcement efforts by providing credible intelligence on smuggling routes and illicit trade activities.

Also speaking, the Deputy Comptroller-General in charge of Enforcement, Inspection and Investigation, Mr Timi Bomodi, highlighted the Service’s achievements in curbing the illegal importation of vegetable oil products.

Mr Bomodi disclosed that Customs recorded several seizures across key border corridors and assured stakeholders that surveillance would be intensified in vulnerable locations.

“We recorded about 65 seizures of vegetable oil products in 2025 and another 23 seizures in 2026, with a combined Duty Paid Value of approximately N1.314 billion,” he said, noting that many of the seizures were made along major smuggling corridors, including Seme and Idiroko, adding that surveillance would also be strengthened in other identified vulnerable locations.

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Airtel Africa Foundation Interventions Gulp $6.2m in One Year

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airtel africa foundation

By Aduragbemi Omiyale

About $6.2 million was spent by Airtel Africa Foundation to execute some of its interventions in its first full year, with education receiving the largest share of investment.

In a report made available to Business Post on Thursday, the organisation said the funds were used across its four strategic pillars of Financial Inclusion, Education, Environmental Sustainability and Digital Inclusion (FEED).

The foundation said it aims to scale proven interventions in the year ahead, including expanding its School Adoption Programme to over 80 schools, increasing scholarships to more than 600 youth, providing free internet connectivity to an additional 2000 schools, and extending digital skills and financial inclusion initiatives to underserved communities.

In the period under review, a total of 1,028 schools were connected to the internet through its partnership with UNICEF, bringing the total to 3,296 schools connected across 13 countries, reaching over 2 million learners and nearly 39,000 teachers. In addition, 64 zero-rated digital platforms enabled over 11 million learners to access free educational content.

Further, it improved the condition of public schools, with seven fully renovated and 43 undergoing upgrades under the School Adoption Programme that integrates infrastructure improvements with digital access and holistic student development.

Through the Airtel Africa Tech Fellowship, 257 full university scholarships were awarded in Malawi, Nigeria, Tanzania, the Democratic Republic of Congo, and Uganda, expanding access to STEM (Science, Technology, Engineering and Mathematics) education and building a pipeline of high-potential African technology leaders. In addition to this, 30,530 youth and women were trained through digital skills initiatives delivered with national, multilateral, and private-sector partners.

“The Airtel Africa Foundation was established to help dismantle barriers caused by unequal access to opportunity. While talent and ambition are abundant, access to education, digital tools and economic participation remains uneven. Through partnerships and our continental reach, we are committed to investing in communities furthest from opportunity,” the chairman of Airtel Africa Foundation, Mr Segun Ogunsanya, stated.

“As a Foundation, we are positioned to deliver skills development and lasting change at the individual and household level, while partnering with governments to unlock Africa’s economic transformation,” he added.

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