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Osinbajo advocates improved synergy in tapping Nigeria’s mining sector

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Vice President Yemi Osinbajo says improved collaboration between government and communities is crucial in tapping the potential of Nigeria’s mining sector.

Osinbajo disclosed this during a virtual remark on Thursday in Abuja at the maiden edition of the Strategic Engagement on Sustainable Mining.

The theme of the event is, “Resurrecting our Buried Prosperity.’’

The vice president said that unless the management of Nigeria’s solid mineral resources got things right, the country would continue to live in the paradox of suffering in the midst of plenty.

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“The problems are numerous but solvable; the principal issue is that of the challenges of implementing the regulatory framework.

“While the Ministry of Mines and Steel has the legislative mandate to regulate mining in the country, many states and local governments have embarked on the imposition of their own rules and regulations on miners in their states.

“(This) include issuance of Registration, Permits, Community Development Agreements (CDA) and Memorandum of Understanding (MOU) on miners.

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“ Some state governments, in a bid to shore up their revenues, impose illegal fees, taxes, and levies on foreign and local licensed mining companies and operators.’’

The vice president said that enforcement of the taxes often led to the frequent arrests and harassment of licensed miners and their workers, and closures of mining sites.

According to him, such incidents happen frequently and discourage investors.

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“Regrettably, such actions by state governments constitute a major disincentive to prospective investors in the sector and invariably jeopardise the efforts of the government to deepen the mining industry in Nigeria.

“There is no way this will ever benefit the majority of our people; then there are the huge security concerns that always develop in the struggle for control of mineral resources in poorly regulated, unregulated or ungoverned spaces.

“Almost invariably, these situations lead to criminal activities and particularly, the proliferation of weapons and armed groups; this is true historically and more evident now.

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“It is apt and timely especially as the Federal Government through the Ministry of Mines and Steel seeks to fully implement its robust and wide-ranging remit in policy and legislation.’’

According to him, the engagement will certainly help in explaining the regulatory framework to the governments at the community level where most of the mining activities take place.

He said such collaboration would enable the ministry and other stakeholders to get direct feedback from the local government authorities and those who had to deal with these issues daily.

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Osinbajo said that recently also, as part of the post COVID-19 efforts to preserve existing jobs and create new opportunities, N6 billion was approved for the mining sector under the current Economic Sustainability Plan, ESP.

He said the approval was for the development of Mineral Processing Clusters, MPC, across the six geo-political zones of the country to promote large-scale investment in mineral exploitation.

`It is gratifying that the Ministry has recorded considerable progress on these Mining Process Clusters.

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“And on security in mining areas, as part of broad efforts to re-engineer the national security architecture to more efficiently confront our challenges, the president recently approved measures aimed at ensuring the security of mining concerns and mining sites.

“These measures which will be driven by the Office of the National Security Adviser in concert with the Ministry of Mines and Steel Development will be hugely significant in creating an enabling environment for the growth of the sector.’’

He submitted among other things that the Federal Government, states and local government should jointly develop working arrangements to ensure that mining was attractive and profitable to investors.

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Osinbajo said that a few things would emerge from the regulatory and policy framework that he had shared.

“Mining revenues go to the Federation Account and is shared between the Federal Government, States and Local Governments. States where resources come from get 13 per cent derivation in addition to their share.

“The Federal Government cannot effectively regulate mining without actively, and deliberately working with States, Local Governments and mineral-producing communities.

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“The communities where mines are located must also have some direct benefits aside from jobs for their residents. We must find a formula for compensating the communities for environmental degradation and erosion.

“There must also be a framework for ensuring that environmental degradation is remedied.

“We must discourage the export of raw minerals; refining, processing, or beneficiation is the only real way to maximise our mineral wealth and create good-paying jobs and opportunities for our people,’’ he said.

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Osinbajo added that such synergy among all stakeholders could be a game changer in Nigeria’s mining sector.

NAN

 

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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

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Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.

The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.

One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”

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Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.

Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.

A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”

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Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.

The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.

The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.

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NEPZA, FCT agree to create world-class FTZ environment

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NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.

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Benue IDPs block highway, demand return to ancestral homes

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Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.

The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.

The protest caused disruption, leaving hundreds of motorists and passengers stranded.

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Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.

“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.

Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.

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Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.

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