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President Tinubu: All New Mining Licenses Must Have Local Value
President Tinubu: All New Mining Licenses Must Have Local Value
… Says directive will position Nigeria as critical metals leader
By: Our Reporter
President Bola Ahmed Tinubu has instructed the Federal Ministry of Solid Minerals Development to only issue mining licenses if they are tied to local value addition.
This is to ensure that young Nigerians are actively engaged in economic activities, acquiring skills and contributing to the overall development of the economy.
The President gave the directive on Wednesday during the opening session of the African Natural Resources & Energy Investment Summit, 2024, held at the State House Conference Centre, Abuja.
President Tinubu, who was represented at the event by his deputy, Vice President Kashim Shettima, said his administration is fully committed to creating an enabling business environment to attract investment that encourages ‘value addition’ on solid minerals before they are exported.
“We recognize the losses incurred from exporting crude mineral commodities and understand that it is time to change this narrative. By doing so, we aim to ensure that our teeming youth are actively engaged in economic activities, acquiring skills, and contributing to the nation’s foreign exchange earnings. Therefore, the Ministry will only issue mining licenses if they are tied to local value addition,” the President noted.
President Tinubu noted that his administration’s target in the solid minerals sector is “to make Nigeria a leader in critical metals.”
While commending stakeholders for the establishment of the African Minerals Strategy Group with Nigeria as the first chairman of the initiative, the President said, “We aim to set new standards in the mining industry and ensure that Africa gets an equitable slice of supplying the world with critical metals.
“In our transition to cleaner and more sustainable energy systems, we also recognize the pivotal role that natural gas plays. Natural gas is a transition fuel that will fundamentally restructure our nation’s economy,” he added.
In leveraging opportunities in the renewable energy space, President Tinubu explained that “Nigeria has attracted over $2 billion in investment in the renewable energy sector, making it a fast-growing sector in the economy.
“Our commitment is to continue this trajectory and attract more private sector involvement in the renewable energy space, including manufacturing locally produced solar panels and batteries.”
He, however, emphasized that discussions on the energy transition must also include the significance of the petroleum industry as a cornerstone of the nation’s economy.
“While we strive to embrace renewable and cleaner energy sources, we acknowledge that oil and gas continue to play a vital role in our energy and economic landscape,” he stated.
The President highlighted strategic priorities in the sector to include the goal to attract more investment in the oil and gas industry; grow oil production to 2.1 million barrels a day by December 2024; improve investment in midstream and downstream infrastructure; tackle theft; and hold developers accountable for the highest environmental standards.
President Tinubu further restated the administration’s commitment to manage resources responsibly, minimizing their ecological footprint and maximizing their benefits for the nation.
Earlier in his opening remarks, Minister of Solid Minerals Development, Dr. Dele Alake, announced the government’s strategy under the Renewed Hope Agenda to position Nigeria as a major player in the global minerals market.
“We are committed to transforming Nigeria’s solid mineral sector into a cornerstone for our nation’s economic diversification,” he said.
The minister noted that the government is implementing wide-ranging reforms to create a more attractive environment for investors, with a focus on enhancing transparency, regulatory clarity, and investor confidence.
The plan, he explained, encompasses several key areas, including policy reforms, sustainable practices, infrastructure development, and human capital enhancement. These initiatives are designed to address longstanding challenges in the sector and unlock the full potential of Nigeria’s vast mineral resources.
“This summit represents a significant milestone in our collective journey toward addressing Africa’s vast natural resources and sustainable economic development,” Alake said.
Dignitaries at the summit included the Senator representing Niger East Senatorial District, Mohammed Sani Musa; Minister of State for Environment, Dr. Ishaq Salako; Minister of State for Steel Development, Mr. Uba Maigari Ahmadu, and Permanent Secretary in the Ministry of Solid Minerals Development, Dr. Mary Ogbe.
Others were Minister of Mines and Mineral Resources of Sierra Leone, Julius Mattai; Minister of Mining of South Sudan, Martin Gama Abucha; Minister of Mining of Malawi, Monica Chang’anamuno, MP; Minister of Mines and Energy of Liberia, Wilmot Paye; Deputy Minister of Petroleum, Mines and Geology of Chad, Oumar Moussa, and representatives of the governors of Abia, Ebonyi, Taraba, Kwara, Enugu, Nasarawa and Akwa Ibom States, among others.
President Tinubu: All New Mining Licenses Must Have Local Value
News
UNHCR Boosts IDP Empowerment with Donation of Soap-Making Machines and Office Furniture to Borno State Ministry of Education
UNHCR Boosts IDP Empowerment with Donation of Soap-Making Machines and Office Furniture to Borno State Ministry of Education
By: Our Reporter
The United Nations High Commissioner for Refugees (UNHCR) has donated soap-making machines and office furniture to the Borno State Government as part of its efforts to empower Internally Displaced Persons (IDPs) through vocational training and livelihood support.
The Honourable Commissioner for Education, Science, Technology, and Innovation, Engr. Lawan Abba Wakilbe, received the items during an official handover ceremony at the UNHCR Sub-Office in Maiduguri.
The donation, which includes two sets of soap-making machines equipped with mixers, crushers, driers, extruders, and tables, as well as 30 chairs and office furniture to replace items damaged by recent floods, reflects UNHCR’s commitment to supporting sustainable development in crisis-affected areas.
Speaking during the event, the Head of the UNHCR Sub-Office in Maiduguri, Nicholas Kaburaburyo, emphasized the organization’s dedication to strengthening partnerships with the government and the Ministry of Education. He highlighted UNHCR’s role in facilitating the repatriation, resettlement, and livelihood reintegration of returnees, particularly through vocational training programs.
Engr. Wakilbe commended UNHCR for its unwavering support, noting that the donation aligns with the state government’s resettlement and empowerment initiatives. He revealed that nine Technical and Vocational Education and Training (TVET) centers in Borno are actively training IDPs, with the vision of transforming the state into a hub for skilled artisans.
The Commissioner also directed the Director of Science and Technology to commence training for master trainers at the Borno State Vocational Enterprise Institute (BOSVEI) in Muna, with the goal of launching the IDP training program by January 2025.
Zakaria Ahmed, Coordinator of BOSVEI Muna, and Ali Musa, Director of Administration and Supplies in the Ministry of Education, expressed their gratitude to UNHCR. They acknowledged that the donation would significantly enhance vocational training opportunities for IDPs and improve working conditions within the ministry.
This initiative underscores UNHCR’s commitment to providing humanitarian assistance and fostering sustainable development in Borno State. Through such efforts, the organization continues to make a tangible difference in the lives of those most affected by conflict and disaster.
UNHCR Boosts IDP Empowerment with Donation of Soap-Making Machines and Office Furniture to Borno State Ministry of Education
CP Plateau engage stakeholders in Bokkos council area to address recent threats to the peace
By: Bodunrin Kayode
The Plateau State Commissioner of Police, CP Emmanuel Adesina, recently visited Bokkos council Area to engage with stakeholders, discuss peace building strategies and find possible ways to eliminate all threats to peace and security in the area.
The meeting which was attended by council Chairman, Amalau Samuel and his Management Team, as well as Community/Religious Leaders, Youth/Women Leaders, and Security Help Groups arrived at silent resolutions for the peace to remain intact during the yuletide period.
A statement from the police spokesman Alfred Alabo stated that during the meeting, discussions focused on salient issues such as the incessant attacks, farmer/herder clashes, and cattle/animal rustling in the council area.
The release noted that the stakeholders expressed their concerns over the rising levels of insecurity within the area even as they pleaded with the Commissioner of Police to help them ensure peace and calmness within the area.
The stake holders also pledged their support and cooperation to the Police in their efforts to enhance security and ensure the safety of residents in Bokkos area.
“They also agreed to work together through intelligence sharing, to identify and address the root causes of the security challenges facing some communities in the LGA.
“CP Adesina assured the stakeholders of his Command’s commitment to addressing the security challenges in Bokkos council area emphasizing the need for collaboration and information sharing between the Police and the community, to effectively combat crime and maintain peace in the area.
“He further assured them that efforts are being made to deploy additional manpower and logistics to major flashpoints within the area, to forestall any future threats.
“Chairman, Amalau Samuel while responding thanked the CP for his unflinching commitment towards attending to their needs and ensuring that Bokkos council area is peaceful and safe for all to live in.
“He assured the CP that the council Area under his watch will continue to support the Police, untill all criminal elements are flushed out.
“The chair warned all those who intend to cause mayhem especially during this festive period, to desist from such plans, as his administration will not fold it’s hand and watch them destroy the fragile peace currently being enjoyed.
“The Plateau State Police Command remains dedicated to its mandate of protecting lives and property in the state.” Noted the release.
CP Plateau engage stakeholders in Bokkos council area to address recent threats to the peace
15 Boko Haram Fighters Killed in Fierce Supremacy Battle with ISWAP in Tumbum Kare
By: Zagazola Makama
A deadly clash of supremacy between rival terrorist factions has claimed the lives of 15 Boko Haram fighters, with five Islamic State West Africa Province (ISWAP) members sustaining injuries.
Intelligence sources told Zagazola Makama that the confrontation occurred when ISWAP launched a coordinated attack on Boko Haram fighters loyal to the Bakura Buduma faction.
The assault, aimed at asserting dominance, led to significant losses on the Boko Haram side, with ISWAP fighters seizing an undisclosed number of weapons during the confrontation.
The incident marks the latest in a series of violent infightings between the two groups, which have been engaged in a bitter rivalry over resources, territorial control, and influence in the Lake Chad region.
Sources said that the clashes have intensified in recent months as both groups seek to expand their foothold in the area with the Boko Haram faction already gaining upper hand against the ISWAP.
15 Boko Haram Fighters Killed in Fierce Supremacy Battle with ISWAP in Tumbum Kare
UNHCR Boosts IDP Empowerment with Donation of Soap-Making Machines and Office Furniture to Borno State Ministry of Education
CP Plateau engage stakeholders in Bokkos council area to address recent threats to the peace
15 Boko Haram Fighters Killed in Fierce Supremacy Battle with ISWAP in Tumbum Kare
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