Headlines
Mines Ministry, LCCI call for more investments in mining sector

By Matthew Eloyi
The Lagos Chamber of Commerce and Industry (LCCI) and the Federal Ministry of Mines and Steel Development have both called for increased investment in the country’s mining sector in order to unlock non-oil economic potential and increase export capacity.
The Minister of Mines and Steel Development, Olamilekan Adegbite, speaking at a mining and solid minerals conference in Lagos with the theme “Solid Minerals: The Foreign Exchange Game Changer,” said the sector had been overlooked in discussions about reducing Nigeria’s reliance on oil and gas. He urged the financial sector to invest in the mining sector in order to positively impact the country’s economy, stressing that a sustainable and well-governed mining sector with good investment inflows was critical to a diversified economy beyond oil in the current economic environment.
Adegbite, however, noted that the success of the industry’s rebuilding to reach the transformational aim of shared mining prosperity hinged on the involvement of all stakeholders, particularly the lively financing community. He mentioned that the government’s National Integrated Mineral Exploration Program (NIMEP), which is nearing completion, will give trustworthy geo-data for investment decision-making.
The program, he claims, has revealed new investment potential in gold, lead, zinc, battery materials, barite, and iron ore.
The theme, according to LCCI President Dr Michael Olawale-Cole, was to encourage stakeholders’ interaction among federal regulatory authorities, financial institutions, and mining industry practitioners to address the sector’s untapped prospects.
This, he said, could elevate the sector to become a major foreign exchange earner for the government.
“A recent report by the Nigerian Extractive Industries Transparency Initiative (NEITI) indicates that revenue from the solid minerals sector to the Federation Account rose by 54 per cent in 2020 to N128 billion compared to N75 billion recorded in 2019.
“The fourth quarter (Q4) 2021 report on foreign trade by the National Bureau of Statistics (NBS) showed that the value of total trade in solid minerals in Q4, 2021 stood at N43.37 billion representing 0.37 per cent of total trade in Q4, 2021.
“Solid minerals exports in Q4, 2021 stood at N13.56billion, a decrease of 25.95 per cent compared to Q3, 2021 but increase by 201.41 per cent when compared to the corresponding quarter of 2020.
“These are confirmations about the potential in the solid minerals sector yet untapped,” he said.
Olawale-Cole recommended the need to address issues of fragmented legislative framework of the 1999 Constitution.
He also stressed the need to establish a robust fiscal framework for investors and address the bottlenecks due to the multi-agencies regulatory structure in the sector.
Chairman, Solid Minerals and Allied Services Group of LCCI, Otunba Babatunde Alatise, said: “I am deeply worried, but not surprised about the consistent and unrelenting activities of illegal miners across Nigeria.
“It must be a cause for great concern for any reasonable Nigerian, especially now that crude oil is hovering between zero Dollars and below cost price.
“Obviously, the diversification drive of the Federal Government is geared towards agriculture and solid minerals, and the recent upsurge in illegal mining activities is a threat to the N20 billion GDP target set out by the Minister of Mines and Steel Development, who is taking the bull by the horns.”
Alatise, who is also member of the ministerial committee on the optimisation of revenue from mineral resources by the Ministry of Mines and Steel Development in Nigeria, said he was very worried and concerned about the fact that his industry is being trivialised by lack of decisive action on the part of the Federal Government.
Headlines
Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

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.”
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.”
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.
Headlines
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.
Headlines
Benue IDPs block highway, demand return to ancestral homes

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