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AT UNGA 80: President Tinubu: Africa Must Begin To Finance Its Mineral Assets, Wield Power In Global Supply
AT UNGA 80: President Tinubu: Africa Must Begin To Finance Its Mineral Assets, Wield Power In Global Supply
** Pledges Nigeria’s commitment towards catalysing mineral-led renaissance under Renewed Hope Agenda
By: Our Reporter
President Bola Ahmed Tinubu, GCFR, has called for a complete overhaul of the global financial architecture governing Africa’s mineral resources, saying it was time for African nations to not only finance their own mineral sectors but also assert their influence and control over African products’ global supply chains.
This, the President stated, had become necessary if African nations’ sovereignty is to be protected, just as he recommended collective action by development allies and partners, to bring Africa’s mineral economy to reality for the benefit of the continent.

President Tinubu, represented by Vice President Kashim Shettima, called for these decisive actions at the Second Africa Minerals Strategy Group (AMSG) High-Level Roundtable on Critical Minerals Development in Africa, held on the margins of the 80th Session of the United Nations General Assembly, New York City.
“We must take the bull by the horns in financing our future. Never again shall we wait for capital to trickle in. With sovereign funds, blended vehicles, and innovation tools like the Africa Mineral Token, Africa shall finance Africa. To safeguard this sovereignty, we must guard our cobalt, lithium, graphite, gold, and rare earths not as fragmented states but as one continental bloc, wielding collective power in global supply chains,” the President submitted.

Pledging Nigeria’s commitment towards catalysing a mineral-led renaissance under the Renewed Hope Agenda, as exemplified back home, President Tinubu urged African leaders to end the “ignoble cycle” of importing finished goods through accelerated government-led mineral exploration.
To unlock Africa’s mineral economic future, the President said the objective will materialise based on four imperatives.
First, Tinubu urged African nations to climb the value chain, adding, “We must end the ignoble cycle of exporting rocks and importing finished goods. From beneficiation to green manufacturing, Africa must build industries on African soil.”
The President continued, “Second, I am proud to announce that with the African Minerals and Energy Resource Classification (AMREC) and the Pan-African Resource Reporting Code (PARC), we will no longer beg for geological knowledge of our own land. Africa’s data will be mapped, standardised, and owned by Africans.
“Third, data alone is not enough. We must accelerate government-led mineral exploration and national geological mapping.
“Without exploration, there is no sovereignty. Without mapping, there is no value. Every member state must prioritise country-wide surveys, strengthen geological agencies, and pool expertise through AMSG. For when Africa owns the map, Africa owns the future.”
Fourthly, President Tinubu urged African leaders to take the bull by the horns in financing Africa’s future. “With sovereign funds, blended vehicles, and innovative tools like the Africa Mineral Token, Africa shall finance Africa,” the President maintained.
The President demanded a collective demonstration of leadership while calling upon sovereign wealth funds, private partners, and development allies to join Africa in rewriting the story of Africa’s mineral economy.
“Nigeria, Uganda, Zimbabwe, Burkina Faso, Mali, Botswana, Gabon, and Ghana are already leading this new age of equal exchange, enforcing bans on the export of raw minerals to promote domestic beneficiation. Zimbabwe’s ban on raw lithium in 2022, Gabon’s decision to end manganese exports by 2029, and Kenya’s plan to restrict raw gold exports are historic acts of courage. Nigeria is accelerating similar reforms, for we know this is the road to jobs, to industries, and to prosperity,” the President said.

The President commended Nigeria’s Minister of Solid Minerals Development, Dr Dele Alake, who chairs the event, and the Secretary-General, H.E. Moses Michael Engadu of Uganda, for guiding Africa towards a path of productivity and pride.
The President concluded, “As Chair of this Roundtable, I pledge Nigeria’s unflinching commitment to ensuring that AMSG fulfils its promise of catalysing a mineral-led renaissance. Let us rise from this dialogue with a communiqué of clarity, a framework for action, and a spirit of unity.”
Earlier, Dr. Dele Alake while welcoming stakeholders and partners to the event called for cohesion amongst African nations saying with determined focus and a reinvigorated sense of partnership and transparency in the minerals sector, Africa will harness in all ramifications the total benefits of a sustained, deepened and well harmonised mineral sector, adding that, “these resources are indispensable for global sustainable development and remain catalyst for Africa’s rapid industrialisation”.
Speaking at the event, UN Assistant Secretary General and Regional Director, Africa UNDP, Ahunna Eziakonwa, urged African leaders to be cautious in terms of how they position themselves to make the most of the African resources for the people, rather than to be subjected to extreme exploitation, which is already happening, and being extracted without appropriate value.
She also emphasised the need for leaders in the continent to ensure partnership that delivers technology transfer, beneficiation, and creates jobs, saying ” there is a scramble and a lot of interest in Africa’s minerals, people are coming to partner, Africa can shape the quantum of that partnership and determine what works from the partnership.
Also, Mr Jozef Stkela, European Union Commissioner for International Partnership, said in the last few years, the European Union structured its approach, boosted, and secured its supply of critical raw materials.
He said that the EU adopted the Critical Raw Materials Act in 2024, to increase domestic production and diversify supply outside the European Union, saying “under this Act and our global gateways strategy, we have signed 14 strategic partnerships with the raw materials value chain of which four are in Africa.”
IN RELATED DEVELOPMENT
Meanwhile, Vice President Shettima has also held a roundtable hosted by the Business Council for International Understanding (BCIU) in partnership with the Flour Mills of Nigeria and other conglomerates, where he spoke about the investment opportunities in Nigeria and the ongoing economic reforms of President Tinubu’s administration.
The Vice President told investors that in President Tinubu, they have an ally, a friend, a colleague who grew up in the American ecosystem, who speaks their language and the language of business.
He said the Nigerian economy, given the super reforms of the President, had turned the corner and hence the mirific turnaround and positive figures cum stability, the Nigerian economy is experiencing. He charged investors to invest in the country as there had never been a time like now to invest in Nigeria, given the enabling environment and the ease of doing business now in Nigeria.
Similarly, VP Shettima held a bilateral meeting with the Chancellor of the Republic of Austria, Christian Stocker, at the UN Headquarters in New York, where both countries agreed to forge new ties and explore new ways of deepening their relationships.
AT UNGA 80: President Tinubu: Africa Must Begin To Finance Its Mineral Assets, Wield Power In Global Supply
News
Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away
Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum has described the first indigenous Floating Production, Storage, and Offloading (FPSO) vessel, owned by Nigerian oil magnet, Alhaji (Dr) Muhammadu Indimi, as a landmark achievement for Nigeria’s industrial and technological advancement.
Governor Zulum stated this on Saturday, at the sail away ceremony of the EMEM Floating Production, Storage, and Offloading Vessel (FPSO), held at the Drydocks World facility in Dubai, which marked the completion of the vessel, and is now set to depart for Nigeria.

“The sail away of the EMEM FPSO is more than an engineering feat,” the Governor stated. “It is a powerful statement of confidence in Nigeria’s energy future and a reflection of what homegrown enterprise can achieve when guided by vision, discipline, and excellence.”
He began his remarks by thanking the Government and People of Dubai for their hospitality, noting that hosting the milestone in the UAE “underscores the strength of our mutual commitment to innovation, trade, and sustainable development.”
The EMEM FPSO, a $315 million facility with a storage capacity of one million barrels and a production capability of up to 30,000 barrels per day, is the first FPSO to be fully financed by an indigenous Nigerian company, Oriental Energy Resources Limited.

The Governor specifically commended Dr. Muhammadu Indimi and the Oriental Energy Resources team for this “bold accomplishment.”
“This achievement does not only contribute to national output,” he said, “it reinforces our collective belief that Nigeria’s private sector has the capacity to drive growth, create jobs, and compete globally.”
Upon its deployment to Petroleum Mining Lease (PML) 15, the FPSO is expected to boost Nigeria’s oil production and enhance national revenue, aligning with the economic diversification goals of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Governor Zulum concluded that the project’s success reflects the “resilience, innovation, and self-reliance” that define ongoing efforts to rebuild Borno State.
“It inspires confidence that, with determination and partnership, Nigeria’s best days lie ahead,” he said.

He wished the EMEM FPSO a safe voyage and productive operations, calling it a “symbol of Nigeria’s strength, ingenuity, and promise.”
The event was attended by the Governor of Adamawa, Hon. Ahmadu Umoru Fintiri and his Akwa Ibom state counterpart, Umo Eno; elder statesman Ambassador Babagana Kingibe (GCON); Chairman (CEO) Oriental Energy Resources, Alhaji Muhammadu Indimi; Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and representative of the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away
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VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements
VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements
- As Nigeria reaffirms resolve to champion climate change solutions in Africa
By: Our Reporter
The Vice President, Senator Kashim Shettima, has departed Belem, Brazil, for Abuja after a successful diplomatic engagement in the South American country where he represented President Bola Ahmed Tinubu at the 30th Session of the United Nations Climate Change Conference (COP 30).
This is just as Nigeria has reaffirmed its determination to continue to use its influence to lead the way in seeking solutions to climate change matters in Africa and beyond.
The Conference convened by Brazil’s President, Luiz Inácio Lula da Silva, in collaboration with the United Nations and other global partners, was held from November 6 to 7 in the city of Belém, capital of the state of Pará, in the Brazilian Amazon.
During the international engagement, Vice President Shettima joined other world leaders, development partners and business executives at the Leaders’ Climate Summit – COP30, where he delivered a speech on Nigeria’s effort in addressing climate change, saying the nation’s renewed climate agenda represents “not just an aspiration, but a solemn national commitment to preserve the planet for future generations.”
VP Shettima also represented President Tinubu at a high-level thematic session titled, “Climate and Nature: Forests and Oceans,” on the margins of COP 30, where he delivered Nigeria’s bold statement.
Delivering the statement titled, “The Rational Soul of Nature,” he called on global partners “to recognise the economic value of nature and to channel significant finance towards protecting and restoring it through predictable, equitable, and accessible funding mechanisms.”
The Nigerian Vice President also took part in the launch of the Tropical Forest Forever Fund, and participated in a roundtable chaired by President Lula on Climate and Nature, as well as an Amazonian Cocktail for Heads of Delegation, hosted by the President of Brazil.
On the sidelines, Senator Shettima also held bilateral meetings focused on establishing and managing Nigeria’s participation in the carbon markets, enabling the nation to unlock between $2.5 billion and $3 billion annually in carbon finance over the next decade to help meet climate goals.
Meanwhile, Nigeria has affirmed its determination to continue to use its influence to lead the way in seeking solutions to climate change matters in Africa and beyond.
Special Adviser to the President on NEC and Climate Change, Rukaiya El-Rufai, who disclosed this in an interview with journalists, gave a recap of the Vice President’s participation in COP 30 held Belem, Brazil.
She said Nigeria will use its influence to mobilize finance for the country, as well as advocate the adaptation finance for African nations in order to collectively tackle the challenges of climate change.
“One thing that I know the whole world would look out for is Nigeria’s leadership in Africa. So we do have our influence in the regional ECOWAS and also at AU platforms to demonstrate that we are that big brother.
“So, we must galvanize all stakeholders, both in public and private sectors, to make sure we implement our National Determined Contributions (NDCs) and make it work for us,” she said.
The presidential aide added that Nigeria’s natural resources will also play a key role in mitigating the effects of climate change.
“The natural capital we have – don’t forget that we are an oil-producing nation and endowed with vast natural gas resources and renewables – we will also continue to use that to implement the NDCs in a way that works for us and addresses the sustainable development challenges that we are facing,” El-Rufai added.
On the passion of the Nigerian government for seeking solutions to climate change matters, El-Rufai said, “Nature and climate are the very home that makes our economy thrive and also gives us the stability to live good lives. So, we are dependent on nature.
“That is why how you consume and use the natural resources is important to ensuring sustainability of livelihoods, economies and everything. So, this why we need to live our lives responsibly and also leave a better future for generations to come.
“The government led by President Bola Tinubu is concentrating on resilience and ensuring that there is long term shared value creation. The government will continue to prioritize climate and nature as well as ensuring that we lead on the necessary climate policies,” the Special Adviser added.
Noting that many countries are yet to submit their NDCs to the United Nations Framework Convention on Climate Change (UNFCCC), El-Rufai urged them to emulate Nigeria, just as she praised Nigeria for taking the lead.
“There are many countries that haven’t submitted their NDCs yet but Nigeria has. China and EU just submitted; so, you can see we are leading because we also have our Climate Change Act as well as our carbon market framework in place, and that is why the theme for COP 30 is apt: COP of Action and Implementation.
“This COP Presidency said they are not creating anything new; rather, let world leaders seat and operationalize NDCs and make sure all those climate-related finance pledges made at Baku that were brought down from $1.3 trillion to $300 billion come to a reality,” she stated.
VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements
News
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
By: Zagazola Makama
Hundreds of members of the The Islamic Movement in Nigeria (IMN) in Kano on Saturday staged a protest against a viral statement attributed to United States President Donald Trump, suggesting the possibility of a military strike on Nigeria.
The protest, which took place in several parts of the Kano metropolis, saw large crowds chanting anti-US slogans while carrying placards expressing displeasure with the alleged remarks.

Zagazola Makama report that mobilisation for the protest was largely coordinated through Hausa-language social media platforms, where posts claimed that the United States was planning to “attack Nigeria.”
Video footage circulating online showed youths marching, calling for global condemnation of Trump’s alleged comments, and urging Nigerians to defend the country’s sovereignty.
The members said they viewed the comments as provocative and capable of inciting tension.
“The statement is unacceptable. No foreign nation should threaten Nigeria. This protest is to show that we will not allow external aggression,” a protester said.

The narratives circulating online suggest a growing trend of anti-US sentiment in parts of northern Nigeria, fuelled by misinformation, distrust of Western involvement, and emotional messaging tied to religion and national identity.
They expressed concern that such rhetoric, if unchecked, could escalate and be exploited by extremist groups or political actors.
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
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