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President Tinubu: All New Mining Licenses Must Have Local Value

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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

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Zulum meets NPA’s mgt in Lagos, wants Borno’s export capabilities scaled up

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Zulum meets NPA’s mgt in Lagos, wants Borno’s export capabilities scaled up

By: Michael Mike

Borno State Governor, Professor Babagana Zulum, met with the management of the Nigerian Ports Authority (NPA) in Lagos on Tuesday during which he discussed opportunities for his state’s local creators to link into the value chain.

Zulum’s administration, since 2019, has pushed to diversify Borno’s economy while also creating a conducive environment for business and investment.

The governor, who was received by the Managing Director/Chief Executive Officer of the NPA, Dr Abubakar Dantsoho, alongside Executive Director, Engr. Ibrahim Abba Umar, had paid a similar high-level visit to the Nigerian Shippers’ Council (NSC) last year.

At the NSC meeting, Zulum had pushed for the fast-tracking of the Maiduguri Dry Inland Port; a landmark project designed to bring port services closer to the northeast. 

Once operational, the dry port will create thousands of jobs, generate significant internal revenue and boost Borno’s overall economic activity by reducing logistics costs and decongesting coastal ports.

In a related development, Zulum’s administration is also working to fully establish the African Continental Free Trade Area (AfCFTA) in Banki, a border town neighbouring the Republic of Cameroon, with the process already at an advanced stage.

By simultaneously advancing the Dry Inland Port in Maiduguri and the Free Trade Zone in Banki, Zulum is putting in place a coherent strategy to industrialise Borno, create jobs, generate revenue and permanently shift the state’s economy away from over-reliance on monthly federal allocations.

Zulum meets NPA’s mgt in Lagos, wants Borno’s export capabilities scaled up

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APC Backs Tegbe for Power Reforms, Cites Proven Expertise, Strategic Leadership

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APC Backs Tegbe for Power Reforms, Cites Proven Expertise, Strategic Leadership

By: Michael Mike

The All Progressives Congress (APC) in Oyo State has hailed the nomination of Chief Joseph Olasunkanmi Tegbe as Nigeria’s Minister of Power, describing it as a timely move amid the country’s persistent electricity challenges.

In a statement issued in Ibadan, the party’s state leadership said Tegbe’s selection reflects both merit and the urgent need for competent leadership in the nation’s power sector.

The statement, jointly signed by State Chairman Chief Moses Adeyemo Alake and State Secretary Hon. Fatai Adesina, expressed strong confidence in Tegbe’s ability to drive meaningful reforms, citing his extensive professional background and policy experience.

Tegbe, an engineer and seasoned policy strategist, brings over three decades of experience spanning engineering, consulting, and public sector advisory.

He previously served as Director-General of the Nigeria–China Strategic Partnership, where he coordinated bilateral development initiatives and investment engagements between both countries.

He also chaired the National Tax Policy Implementation Committee, playing a key role in advancing Nigeria’s fiscal reform agenda and strengthening revenue frameworks.

Before transitioning fully into public service, Tegbe built a distinguished career at KPMG, rising to become Senior Partner and Head of Advisory Services in Africa. In that role, he led major engagements on governance reforms, economic policy, institutional transformation, and investment strategy across both public and private sectors.

Earlier in his career, he worked with Shell Petroleum Development Company, gaining experience in corporate operations and resource management.

Academically, Tegbe holds a first-class degree in Civil Engineering from Obafemi Awolowo University and has attended executive programmes at globally renowned institutions including Harvard and INSEAD, further reinforcing his technical and leadership credentials.

The APC noted that this blend of technical expertise and policy leadership positions him to tackle longstanding challenges in power generation, transmission, and distribution.

“The APC in Oyo State is confident that Chief Tegbe will bring innovation, efficiency, and sustainable solutions to Nigeria’s power sector. His history of performance and commitment to service positions him to make meaningful contributions to national development,” the statement read.

The party emphasized that Nigeria is at a critical stage where strategic direction is essential to unlock sustainable energy solutions, noting that Tegbe’s leadership could help reposition the sector for improved performance.

It added that the APC in Oyo would offer its full support while maintaining constructive engagement with the minister-designate and other stakeholders to ensure progress.

The statement also acknowledged Tegbe’s longstanding contributions to the growth of the party in the state, expressing optimism that his new role would further deepen his commitment to national development.

The APC wished him a successful tenure, expressing hope that his leadership would mark a significant shift toward stable and reliable electricity supply across the country.

APC Backs Tegbe for Power Reforms, Cites Proven Expertise, Strategic Leadership

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Nigeria Convenes African Leaders on Climate-Conflict Nexus, Pushes Peace-Centred Adaptation Strategy

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Nigeria Convenes African Leaders on Climate-Conflict Nexus, Pushes Peace-Centred Adaptation Strategy

By: Michael Mike

Nigeria has brought together policymakers, climate experts, and peacebuilding practitioners from across Africa in a high-level regional forum aimed at tackling the growing link between climate change and insecurity on the continent.

Declaring the forum open in Abuja, Permanent Secretary of the Federal Ministry of Environment, Salihu Aminu Usman, warned that the accelerating pace of climate change is already triggering severe global consequences, stressing the need for urgent and coordinated action.

“Climate change impacts are on the rise daily, with unprecedented and extreme weather conditions being experienced all around the world. Urgent solutions are required before it gets out of hand,” he said.

Usman noted that Nigeria remains committed to global climate obligations under frameworks such as the United Nations Framework Convention on Climate Change, the Kyoto Protocol, and the Paris Agreement. He added that the country has pledged to cut greenhouse gas emissions by up to 47 percent with international support.

He revealed that Nigeria’s National Adaptation Plan (NAP), currently nearing completion, incorporates conflict-sensitive approaches, linking climate adaptation directly to peacebuilding efforts. According to him, environmental pressures are increasingly tied to security challenges such as farmer-herder clashes, banditry, and cattle rustling.

“It would be a mistake to ignore adaptation needs in these peacebuilding contexts,” Usman said, underscoring the importance of aligning climate policies with national security strategies.

In her remarks, Director of the Department of Climate Change, Iniobong Abiola-Awe, highlighted the widespread impact of climate variability on infrastructure, biodiversity, and livelihoods, warning that these disruptions are deepening existing vulnerabilities and contributing to instability.

She said Nigeria’s adaptation planning process has been inclusive and participatory, designed to address medium- and long-term climate risks while strengthening resilience across sectors.

Also speaking, Alec Crawford of the International Institute for Sustainable Development stressed that climate change is no longer a future threat but a present reality, particularly in fragile and conflict-affected regions.

“The intersection between climate risks, war, and conflict is no longer abstract,” Crawford said, adding that adaptation strategies must not only respond to environmental challenges but also actively support peacebuilding efforts.

He commended Nigeria for hosting the forum and acknowledged financial support from the Government of Ireland.

The forum has drawn participation from several African countries, including Burkina Faso, Cameroon, Central African Republic, Chad, Liberia, Mali, Somalia, and South Sudan.

Organisers say discussions will centre on integrating peacebuilding into climate adaptation planning, sharing country experiences, and strengthening collaboration among environment, security, and development stakeholders.

The forum runs through May 7, featuring technical sessions, policy dialogues, and peer learning aimed at shaping a more coordinated African response to the climate-security challenge.

Nigeria Convenes African Leaders on Climate-Conflict Nexus, Pushes Peace-Centred Adaptation Strategy

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