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AT SIREXE CONFERENCE: Nigeria Canvasses For Transparency In Africa’s Extractive Industries

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AT SIREXE CONFERENCE: Nigeria Canvasses For Transparency In Africa’s Extractive Industries

*** Our strengthened governance institutions will turn resource wealth into national prosperity – VP Shettima

By: Our Reporter

Nigeria has demanded strengthened governance, transparency, and collaboration from leaders and industry players to harness Africa’s resource wealth for sustainable development.

The Nigerian government also reaffirmed its commitment to creating an inclusive extractive industry anchored on the principles of transparency, regional partnerships, and local capacity building.

Vice President Kashim Shettima stated the nation’s position on Wednesday during the inaugural International Exhibition of Extractive and Energy Resources (Salon International des Ressources Extractives et Energétiques – SIREXE) in Abidjan, Côte d’Ivoire.

He noted that effective institutions are the cornerstone of turning natural resources into national prosperity.

The summit with the theme, “Policies and Strategies for the Sustainable Development of the Extractive and Energy Industries,” brought together leaders from across Africa to discuss innovative solutions for resource management and energy security.

According to the Vice President, “this is not just about resources; it’s about people, prosperity, and posterity.

“The strength of our governance institutions will determine whether resource wealth becomes a blessing or a curse. With the right policies, transparency, and accountability, we can ensure that our mineral wealth fuels development rather than division,” he pointed out.

Vice President Shettima noted Nigeria’s leadership in transparency reforms with the creation of the Nigeria Extractive Industries Transparency Initiative (NEITI) in 2004.

“We became the first country in the world to domesticate the Extractive Industries Transparency Initiative because we understood that opacity breeds inefficiency and corruption. Transparency is non-negotiable for building trust and ensuring inclusive benefits for all”.

Senator Shettima also stressed the importance of regional cooperation in addressing shared challenges, saying, “Africa’s energy future is intertwined. The progress of one state ripples across others. Nigeria stands ready to share its lessons and collaborate with ECOWAS partners to build an extractive industry that works for our people.”

The VP described how restructuring the Nigerian National Petroleum Corporation (NNPC) under the Petroleum Industry Act (PIA) 2021 into a commercially-oriented entity has transformed the sector.

“NNPC Limited now operates with agility, transparency, and reduced government interference. This shift is setting a new standard for resource governance in Africa,” he explained.

The Vice President reiterated the critical role of local content development in driving economic growth, just as he he noted: “Through our Local Content Act of 2010, we increased local participation in the oil and gas industry from 5% to nearly 30%.

“The success of projects like the Dangote Refinery, the world’s largest single-train refinery, showcases what is possible when we prioritise indigenous capacity and innovation.”

Acknowledging the challenges posed by vested interests and conflicts in resource-rich regions, Shettima said, “We cannot afford to allow cartels and instability to jeopardize our aspirations. That’s why Nigeria is investing in specialized policing frameworks to secure mining sites and ensure sustainable growth.

“Our continent is home to 40% of the world’s gold, 10% of its oil, and critical minerals like cobalt and lithium. Yet, our potential remains untapped. Let us rise to this moment, not as isolated nations but as a unified region,” he added.

In his remarks, the Vice President of Côte d’Ivoire, Mr. Tremoko Meyliet Kone, expressed his appreciation for the visit of Vice President Shettima and others who came from different countries for the event.

He highlighted the benefits of collaboration among countries and stakeholders in the energy and extractive industries, including cross-breeding of ideas, job creation, and greater maximization of natural resources for the well-being of citizens.

While cautioning against pollution, climate degradation, and associated factors, especially in the mining sector, he said Côte d’Ivoire is doing its best to reduce emissions of environmental pollution.

In his welcoming remarks, the Minister of Mines, Petroleum, and Energy, Mr. Mamadou Sangafowa Coulibaly, extended appreciation to VP Shettima, said the Vice President was the guest of honor at the event, and thanked all participants at the conference.

According to him, “there is a need for collaboration and partnership in the sector to meet the global energy needs of people and for economic development of nations.”

Mr. Coulibaly said the participation of other countries and stakeholders in this first edition of the conference is a sign of cooperation and collaboration to better develop the sector globally.

He said the conference has provided participants an avenue to interact and propose solutions to the challenges and risks involved and how best they can serve the people.

Earlier, the Ambassador of Norway to Côte d’Ivoire, Her Excellency Madam Ingrid Mollestad, said, “The conference was a testament to the nation’s ambition and dedication to enhancing its position as a champion in this industry and to navigate the intricacies and the changing global landscape.”

She noted that the gathering is to partner as nations and professionals to investigate sustainable development in the industry that is essential to the global economy and for collaboration, innovation, and shared values.

AT SIREXE CONFERENCE: Nigeria Canvasses For Transparency In Africa’s Extractive Industries

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UK Government Funded Accelerator Programme Pitches Sustainable Manufacturing Solutions in Nigeria

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UK Government Funded Accelerator Programme Pitches Sustainable Manufacturing Solutions in Nigeria

By: Michael Mike

The British High Commission in Nigeria and Manufacturing Africa have hosted an Investor Night where six innovative Nigerian startups from the UK funded Green Business Building (GBB) Accelerator Programme pitched their sustainable manufacturing solutions to potential investors following 16 weeks of intensive business development training and mentorship.

The featured green businesses cover a broad range of industries extending from renewable energy, recycling, organic agriculture and electric mobility.

According to a statement by British High Commission on Tuesday, the startups – GreenSpace Recycling, Sirius-X Energy, Auxano Solar, Taeillo, ZOOMe and Veggie Victory presented their business models and opportunities to a room of venture capitalists, impact investors, and ecosystem stakeholders. The pitching session marked a key milestone in their journey, aimed at unlocking funding and strategic partnerships.

The statement added that designed in a pitch den format, the evening included presentations from the cohort companies, offering insights into their innovative climate friendly business models and the potential for scaling their ventures to create lasting economic and environmental impact.

The businesses also received real-time feedback from funders including potential offers for funding.

Attendees at the event included Jonny Baxter, UK Deputy High Commissioner to Nigeria and other representatives from the High Commission in Nigeria, prominent investors and key stakeholders from the sustainable business ecosystem in Nigeria.

Designed to catalyse investment in Nigeria’s green industrial growth, the accelerator is part of the UK’s and Nigeria’s commitment to growing and scaling small, innovative businesses to deliver growth and create new direct and indirect jobs across green industries in Nigeria.

Deputy Head of Mission, British Deputy High Commission in Lagos, Simon Field, said,“Manufacturing is Nigeria’s future — and these businesses show how it can also be greener, more inclusive, and globally competitive. I have nothing but confidence in the programme we’re funding. Every pitch tonight was professional, inspiring, and full of ambition.”

Manufacturing Africa Nigeria, Country Lead, Kemi Onabanjo, said: Tonight was all about celebrating progress and creating profitable connections. We are celebrating the progress these incredible founders have made on their journey with the GBB programme, as well as the impact they are already having. It was also about creating connections that bridge the gap between innovation and investment — connecting promising ventures with the capital, networks, and partners needed to scale their impact.

The startup founders commended the programme with CEO, Taeillo, Jumoke Dada, saying: “GBB is hands-on — they take the heavy lifting off you and help you execute. We now have real clarity on our next steps and a plan we can run with.”

CEO, ZOOMe, Adedayo Odunlami, said: “The level of diligence and attention to detail from the team was world-class. They’ve helped us evolve — as a business and as founders — and connected us to an incredible network.”

UK Government Funded Accelerator Programme Pitches Sustainable Manufacturing Solutions in Nigeria

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Nigeria, Russia Celebrate 65th Anniversary of Diplomatic Relations

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Nigeria, Russia Celebrate 65th Anniversary of Diplomatic Relations

By: Michael Mike

Nigeria and Russia on Tuesday are celebrating 65 years of establishment of diplomatic relations.

The two countries established diplomatic ties on November 25, 1960

Both countries ministers of foreign affairs in celebrating the important milestone exchange congratulations messages.

Russian minister, Sergey Lavrov in his letter stated that: “Please accept my sincere congratulations on the occasion of the 65th anniversary of the establishment of diplomatic relations between our two States.

“We note with satisfaction the high level of cooperation between the Russian Federation and the Federal Republic of Nigeria, which is based on the principles of mutual respect, trust and the closeness of our positions across a broad range of regional and international issues.

“We remain committed to the steady development and maintenance of an active and substantive political dialogue, as well as practical collaboration in the trade, economic and humanitarian spheres, in the interests of the peoples of our countries and in the support of sustainable peace and development on the African continent.

“I wish you good health and every success, and to the people of the Federal Republic of Nigeria – well-being and prosperity.”

On his part, the Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar wrote: “On behalf of the government and people of the Federal Republic of Nigeria, I have the honour to convey warm congratulations to you and through you to the government and people of the Russian Federation, on this historic occasion of the 65th anniversary of diplomatic relations between our two countries.

“As we celebrate this milestone, Nigeria reaffirms its commitment to strengthening partnership in a manner that advances the prosperity of our peoples and contributes to a more just and equitable international order.

“Since the establishment of ties on 25th November, 1960, Nigeria and Russia have maintained a relationship characterized by mutual respect, constructive dialogue and shared aspirations for global peace, stability and development. Over the decades, our cooperation has expanded across strategic sectors including Defence, Education, Energy, Science and Technology, Space Cooperation, Trade, and Cultural Exchange.

“I look forward to deepening collaboration in economy, security and increased people-to-people exchanges.

“Please accept the assurances of my
highest consideration.”

Nigeria, Russia Celebrate 65th Anniversary of Diplomatic Relations

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Tony Elumelu Foundation Partners Federal Fire Service to Train 7,400 on Fire Safety Preparedness

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Tony Elumelu Foundation Partners Federal Fire Service to Train 7,400 on Fire Safety Preparedness

By: Michael Mike

The Federal Fire Service has announced a groundbreaking national capacity-building initiative following a strategic collaboration with the Tony Elumelu Foundation (TEF) to train 7,400 Nigerians on fire safety preparedness across all 36 states and the Federal Capital Territory.

This partnership was consolidated during a courtesy visit to Mr. Tony Elumelu, Founder of the Tony Elumelu Foundation and Chairman of Heirs Holdings and the United Bank for Africa (UBA), at the Hilton, Abuja.

The Controller General, Federal Fire Service, Samuel Olumode, led a delegation of senior management officers to the high-level engagement.

A statement by the spokesman of FFS, Paul Abraham on Monday said, during the engagement, the Service also formally investitured Mr. Peter Ashade, Group CEO, United Capital Plc, as a National Fire Safety Ambassador, in recognition of the Heirs Group’s significant contributions to enhancing safety consciousness and advancing community-focused fire safety initiatives nationwide.

He noted that this honour further reinforces the expanding partnership between the Federal Fire Service and the Tony Elumelu ecosystem.

He revealed that as part of the collaboration, Federal Fire Service personnel will be deployed across all infrastructures under Mr. Tony Elumelu’s business portfolio nationwide, serving as safety officers to support compliance, strengthen safety monitoring, and enhance fire prevention awareness across all facilities.

Elumelu emphasized the urgent need to deepen community-level fire safety awareness, noting that thousands of households, local markets, and indigenous settlements remain vulnerable due to limited access to structured fire prevention education. He underscored that empowering citizens with practical, life-saving knowledge will significantly improve national resilience and reduce both the frequency and severity of fire outbreaks.

Under the collaboration, the Federal Fire Service will train 200 persons in each state of the federation and the FCT, totaling 7,400 beneficiaries.

The programme will focus on essential fire-prevention skills, early warning practices, and basic emergency response procedures. Participants will also be groomed to serve as fire safety advocates within their communities, creating a multiplier effect that promotes vigilance and responsible safety behaviour nationwide.

The Controller General described the partnership as a milestone in Nigeria’s journey toward a more preventive approach to fire management. He expressed profound appreciation to Mr. Elumelu and the Foundation for championing a community-centric model that aligns with global best practices. He further assured that the Service will deliver the training with professionalism, transparency, and measurable impact across all zones.

The initiative is expected to significantly strengthen grassroots preparedness, improve first-response capacity, and foster a long-term culture of fire safety within communities.

Tony Elumelu Foundation Partners Federal Fire Service to Train 7,400 on Fire Safety Preparedness

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