NEWS AGENCY OF NIGERIA
Statistician-General calls for action to eradicate poverty in Nigeria

Statistician-General calls for action to eradicate poverty in Nigeria

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By Okeoghene Akubuike

Mr Adeyemi Adeniran, the Statistician-General of the Federation has called on stakeholders to take action to eradicate poverty in Nigeria.

Adeniran, CEO, National Bureau of Statistics (NBS) said this at a Stakeholders Technical Dialogue on the “Operationalisation of the Multidimensional Poverty Index(MPI) as a Policy Tool in Nigeria” in Abuja on Thursday.

He said results from the 2022 MPI survey showed Nigeria has 133 million citizens living in multidimensional poverty in spite of its vast resources and potential for exponential growth.

“The MPI has given us a clear picture of what is happening in Nigeria. It has shown us that poverty in Nigeria is not merely a lack of income but a deprivation of health, education and living standards.

“It is a daily struggle for clean water, adequate nutrition, safe housing and quality education for all genders and demography. But we have an opportunity to change the situation we are in.

“We can no longer afford to look away, the MPI report has highlighted critical areas that demand our attention. It has illuminated a clear path for strategic recommendations to lift millions out of poverty.

“We need your support and your contribution can turn this recommendations into reality.”

Adeniran said the common fund basket that was used from 2021 to 2022 to conduct the MPI survey was empty, as he called for adequate funding for the proposed programmes.

“The urgency we need to put in place programmes and projects to eradicate poverty is very urgent now.

“Every second we delay to tackle this poverty, another child loses their chance for a better life, and another family struggles to make ends meet.

“Our collective action is crucial in changing this narrative. Investing in these programmes is an investment in the future and our testament to our shared vision of a Nigeria where every citizen can live in dignity and opportunity.

“We call upon you all present, international donor agencies, international and national development banks, philanthropists, business leaders, policymakers and every Nigerian who believes in the power of hope.

“ Please be the catalyst that transforms vulnerability into strength, and that can change poverty into prosperity.”

The Canadian High Commissioner to Nigeria, James Christoff said an essential step to responding to poverty in Nigeria was to integrate a gender perspective into data collection.

“Based on what has been highlighted in this report and we hope to see the discussion steered today as well, is how the technical discussions are going to address gender disparities in Nigeria.

“ There is an opportunity to undertake a deeper action at the state level to better address the disproportionate burden of poverty.

“Also on the climate impact on women and girls, and to more effectively direct resources and design programmes to address this.”

Christoff, represented by Djifa Ahado, said the Canadian government would continue to partner and support Nigeria in its development priorities, including those related to sustainable economic growth, health, and political participation.

According to him, as we look at our support in 2022-2023, we can see that Nigeria is now the second largest recipient of Canadian international assistance with funding of 277 million Canadian dollars.

Clare Henshaw, National Programme Specialist, UNDP, who spoke earlier on the progress of the MPI, said one of the next steps was to constitute an MPI Joint Basket Fund.

Henshaw said the MPI brought hope that poverty could be eradicated adding that it could only be achieved by collaborative efforts of all stakeholders.

She said poverty in Nigeria could end by strengthening the country’s social protection, adding that it was important to strengthen the social protection around women to achieve significant results.

“ A key element of the MPI report was gender analysis for selected indicators, therefore gender analysis should constitute a core element of the MPI policy implementation and updates going forward.”

She said another way to reduce poverty was to ensure the National Social Register (NSR) was dynamic to capture everyone ensuring “no one is left behind.”

Henshaw said the MPI should be mainstreamed into the NSR for the identification of the poorest households, adding that the NSR should become a living document. (NAN)(www.nannews.ng)

Edited by Vivian Ihechu

FG urges investment in gas sector to create jobs, boost energy supply

FG urges investment in gas sector to create jobs, boost energy supply

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By Ifeanyi Olannye

 The Federal Government  said that  increased investments in the gas sector would create employment, boost energy supply and grow Nigeria’s economy.
The Minster of State for Petroleum Resources -Gas, Ekperikpe Ekpo, stated this while inaugurating Nedogas Development Company Limited (NDCL) and its 300mmscfd Kwale Gas Gathering (KGG) facility on Thursday in Kwale, Delta.
He said that President Bola Tinubu had directed  them to enforce the growth of investment in oil and gas sector, to ensure availability of Compressed Natural Gas (CNG) for domestic consumption and  export.
Ekpo lauded the management of Nedogas limited for the initiative to invest in gas gathering to reposition the economy.
He said  that the company would provide energy sufficiency, economic expansion, direct and indirect employment in the country, particularly in the immediate community.
The minister urged  investors to venture into gas gathering to stop gas flaring, adding that with concerted efforts,  gas resources could be utilised to achieve economic development of the country.
“We are gathered here in Kwale, Delta to commemorate the official commissioning of the Kwale Gas Gathering (KGG) Facility and the Nedogas Plant.
“These initiatives are a result of a strategic collaboration between Nedogas Limited and the Nigerian Content Development and Monitoring Board (NCDMB).
“It represents a significant advancement in the country’s efforts to promote sustainability, energy efficiency, and economic expansion.
” The occasion today marks not just a turning point for Delta , but also a major turning point in Nigeria’s continuous quest to use its abundant natural gas resources for the country’s development,” he said.
According to the minister, Nedogas plant is part of the larger plan to lower greenhouse gas emissions, and encourage sustainable practices in the oil and gas sector.
“It emphasises how dedicated the federal government is to increasing gas usage, broadening our energy sources and lessening our influence on the environment.
“We will be able to process natural gas more efficiently at the Nedogas Plant, which will increase both our domestic supply and export potential.
“This establishment promises to significantly boost our economy by generating jobs, fostering industrial expansion and ensuring energy security. It is a symbol of advancement”.
In his goodwill message, Gov. Sheriff Oborevwori of Delta,  represented by his Deputy, Sir Monday Onyeme, lauded the management of Nedogas limited and  its partners for the investment.
“One can feel the pains of every Nigerian when it comes to the issue of energy  availability and affordability.
“Even more worrisome is the World Bank report that due to poor power supply in the country, businesses spend about $29 billion yearly on power.
” It is also  quite unfortunate that the country is  ranked as the lowest in terms of access to electricity globally,” he said.
Oborevwori said that the projects would no  doubt benefit Nigerians, particularly the people of Delta in many ways.
According to him, Nigeria boasts of a reserve base of 208.83 trillion cubic feet of gas which represents 33 per cent of Africa’s total gas reserves.
“This places Nigeria as the ninth among countries with high concentration of natural gas in the world.
“With these projects, the energy needs of Nigerians will get a boost,especially in the critical area of supply.
“It is heartwarming too that this facility will have gas supplied to it by other oil companies  operating in this area, which will greatly reduce the effects of gas flaring on our people.
“We are all aware that the level of gas flaring is very high in this part of the world, in spite its  acknowledged adverse effects on the climate,”he said.
Also speaking, the Chairman, Nedogas Limited, Emeka Ene  thanked the government, strategic partners and the community for  providing the needed support and enabling environment to achieve the project.
“The KGG Facility with its impressive capacity of 300 million standard cubic feets per day (mmscfd) is a testament to what can be achieved when innovation, determination and strategic partnerships converge.
“No doubt, these projects will lead to the creation of a lot of direct and indirect job opportunities too, thereby, boosting the economy of our state.
“I call for the replication of this project in other parts of our state where gas flaring is taking place to reduce its effects on our people.
“I also urge Nedogas Limited and its partner, the Nigerian Content Development and Monitoring Board (NCDMB) to enhance the use of local contents,”he said.
He urged the company to meet up with its social responsibilities and above all, ensure conducive and peaceful relationship with the host communities.
The News Agency of Nigeria (NAN) reports that other strategic partners of the company pledged their continued support to enhance sustainability, growth and development of the sector.(NAN) (www.nannews.ng)
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Edited by Joseph Edeh
FG committed to implementing multidimensional poverty index report—-minister

FG committed to implementing multidimensional poverty index report—-minister

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By Okeoghene Akubuike

The Federal Government says it remains committed to supporting implementation of the Multidimensional Poverty Index (MPI) 2022.

Sen. Abubakar Bagudu, the Minister of Budget and Economic Planning, said this at a Stakeholders Technical Dialogue on the “Operationalisation of the Multidimensional Poverty Index as a Policy Tool in Nigeria” in Abuja on Thursday.

The News Agency of Nigeria (NAN) reports that the 2022 MPI report revealed that 63 per cent, that is 133 million Nigerians are multidimensionally poor out of an estimated population of 211 million.

Bagudu said the Federal Government would support the MPI implementation through the National Poverty Reduction with Growth Strategy (NPRGS) and the implementation of the eight -Priority Areas of the present administration.

The minister, represented by Mrs Adeshola Oloyede, the Director overseeing office of the Permanent Secretary in the ministry, said the MPI provided a nuanced understanding of poverty’s complexity.

“By measuring factors such as access to clean water, electricity, schooling, and healthcare, we can identify specific areas where interventions are needed, ensuring that no one is left behind.

“Remarkably, the MPI is in line with the Sustainable Development Goals (SDGs) 2030 Agenda, ‘leave no one behind’, as it shows the interlinkages of deprivations experienced by poor people.

The minister said the operationalisation of the MPI in Nigeria was a clarion call to action.

“It is a call to embrace a holistic approach to poverty reduction, one that recognises the interlinked deprivations affecting millions of Nigerians.

“By leveraging the MPI, we can craft informed, targeted, and effective policies that address the root causes of poverty and promote sustainable development.

“Let us commit to this transformative journey with determination and unity.

“Together, we can create a Nigeria where every individual has the opportunity to thrive, where no one is left behind, and where the dream of prosperity and well-being becomes a reality for all.”

Mr Adeyemi Adeniran, the Statistician-General of the Federation and CEO, National Bureau of Statistics (NBS), said for the statistical System, operationalising the MPI was a welcome development and was well overdue.

Adeniran said there was a need to align the data from the MPI survey with interventions to tackle the issue of poverty in Nigeria in a sustainable way.

“This means going beyond making the necessary data and evidence available to designing targeted programmes and policies to address the issues identified within the data.

“Only when these two things align (the data and the interventions) will we begin to see meaningful and sustainable changes in the lives of the citizens confronted with poverty.

“Therefore, we need to build on the success of the 2022 MPI survey by ensuring that the data is used for the benefit of the citizens.“

He said there was a need to invest in continuous training and technical capacity building of personnel to be able to produce data timely and in a sustainable manner.

Adeniran said this would enable the government to have the appropriate tools to effectively monitor and track the impact of the interventions, and where necessary design new interventions to address any lapses.

“While this means more resources from the government side, it also necessitates more donor support and assistance, both financially and technically.”

Adejoke Orelope- Adefulire, the Senior Special Assistant to the President on Sustainable Development Goals (SDGs), said her office was working closely with both state and non-state actors.

Orelope- Adefulire, represented by Dr Bala Inusa, said it would guarantee an inclusive, participatory and collaborative implementation of the SDGs in Nigeria,

“Such strategic partnerships demonstrate our collective commitment to the transformative promise of the 2030 Agenda for sustainable development that is to Leave-no-one- behind.

“It is my hope that this dialogue will strengthen our commitment to work closely together as policymakers and development practitioners in support of the 2030 Agenda for sustainable development in Nigeria.“

Ms Elsie Attafuah, the Resident Representative, UNDP, said multidimensional poverty in Nigeria was complex and multifaceted and would require several approaches.

According to her, poverty in Nigeria goes beyond money but it is about millions of people struggling with things we often take for granted.

Attafuah , represented by Dr Jose Levy, the Deputy Resident Representative, said stakeholders must focus on -energy poverty in Nigeria.

“The right investment in energy can turn out to be a game changer in a bid to brighten the future for millions of people and remove them from energy poverty.

“By focusing on targeted investment in clean energy , education, healthcare and social protection we can foster inclusive growth and create a more equitable society.”

She pledged UNDP’s continued support to Nigeria’s development journey.

Beatrice Eyong, the UN Women Country Representative, emphasised the importance of incorporating a solid gender dimension into the MPI programming framework.

“By integrating gender-specific indicators and analysis, we can ensure that the MPI report highlights the disparities and drives targeted interventions that uplift and empower women and girls.”

Eyong, represented by Zapania Aura, said the inclusivity of the MPI report was paramount, adding that it was essential to consider the voices and experiences of marginalised groups.

“By making the MPI more inclusive, the Nigerian Government commits to developing comprehensive strategies that are integrated and aligned with the National Development Plan and leave no one behind, thereby, advancing an equitable and just society.” (NAN)(www.nannews.ng)

Edited by Ese E. Eniola Williams

Customs modernisation project to check extortion of traders

Customs modernisation project to check extortion of traders

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By Martha Agas

The Trade Modernisation Project (TMP) of the Nigeria Customs Service (NCS), will check the extortion of traders by facilitating the comprehensive tracking of their goods from the beginning of the trade process until delivery.

This is through its Unified Customs Management System(UCMS), a software that would be deployed to monitor all stages of the transactions by traders.

The News Agency of Nigeria(NAN) reports that the TMP is the automation of the business processes of the NCS, to simplify and enhance the experience of stakeholders in the trade value chain.

It is also aimed at making it easy to obtain export and import clearances, and in paying duties and obtaining release of goods.

NAN further reports that customs modernisation project, which has three phases, is a 20- year concession agreement.

It was signed on May 27, 2023 between the Federal Government of Nigeria, represented by NCS Board, and The Trade Modernisation Project Ltd.

Chief Superintendent of Customs, Usman Abba, Head, Business Analyst for the project, told NAN in an interview on Thursday in Abuja that by using the software traders would be able to know when and where there were hitches in their transactions for redress.

Abba said the system would eliminate fraudulent intent and expose those who take advantage of clients who cannot properly track their goods with the current system to extort them.

“ This is the platform where the trader has access and is able to track all the stages of transactions, and know where the challenge or exactly the issue is untill the goods are delivered,“ he said.

He said that the service had received numerous reports of agents attempting to extract additional funds from their clients, by falsely claiming that their goods had not been cleared by customs when the process had already been completed.

According to him, the software, which will soon be inaugurated, is designed to have information on all transactions, including payments and goods clearance, to enable the trader to act as required.

“ So the trader can log in and see where exactly the goods are, also after he makes payment, he can see through the system that the payment has been done, and even how much has being paid.

“He can even see that the consignment have stepped out from the port, because we have the gate acknowledgement.

“ It means that when the truck is moving out, the system will update that the consignment has been gated out because the system allows integration with the terminal operator ,“ he explained.

He added that other agencies were also being integrated into the system to examine goods according to their constitutional mandates

On the current stage of the development of the software, Abba said that all internal systems had been completed, and final touches were being done on stakeholders integration.

“ What we are working on basically is the stakeholders integration. We are done with customs part and are just on the aspect of few stakeholders, just to show them the system and how to have them integrated.

“ We have engaged the Central Bank of Nigeria,National Agency for Food and Drug Administration Control,just a bit to finish up the system,“ he said.

NAN reports that the TMP is targeting generating more than 250 billion Dollars in revenue over the 20 year concession.

The project is aimed at bringing Nigeria at par with the rest of the world in the deployment of technology to facilitate international trade.

It would also assist the Federal Government in achieving economic diversification by facilitating easier cross-border trading.(NAN) (www.nannews.ng)

Edited by Gabriel Yough

NDIC begins payment of Heritage Bank depositors — MD

NDIC begins payment of Heritage Bank depositors — MD

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By Ginika Okoye

The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation within the week.

The Managing Director of NDIC, Mr Bello Hassan, said this while briefing newsmen in Abuja on Wednesday.

The managing director said the move was to engender confidence among depositors to promote financial stability.

He said that 99.9 per cent of depositors of the defunct bank had a deposit balance of less than five million naira while only 4,000 of the depositors had more than five million naira deposit.

Hassan said the bank had deposits worth N650 billion and loans of about N700 billion.

He said the deposits and the loans could be more, adding that the final amount would be known at the end of the liquidation processes.

According to him, customers with Bank Verification Number (BVN) will be paid without verification with the Corporation while those without BVN will visit the nearest NDIC office or website for their verification.

The managing director said that there was no need for depositors to panic as the Corporation would settle all insured deposits.

“NDIC has assumed charge of the Heritage Bank.

“The bank has 116 branches and regional offices and we have deployed close to 400 staff of NDIC to take charge of the assets.

“If you have N100, we will pay you, if you have N5 million, we will pay you, if you have N10 million, we will pay N5 million for now because that is the insured sum.

“Depositors do not need to panic, you will get your monies back.

“We will start payment of the insured sums by this week but it will be difficult for me to give the time frame for the payment of the uninsured deposits,’’ he said.

On challenges of banks’ liquidation, he said the Corporation had experienced difficulties in loans recoveries.

Hassan, however, assured that the Corporation would immediately commence the process to avoid delays.

On litigations, he said the Corporation was ready for any litigation that would emanate from the handover of the bank.

Hassan said the Corporation would rely on support from the judiciary for expedited hearings on any debt recovery case brought by the Corporation.

“When cases are delayed in debt recovery, it is depositors that suffer.

“We believe that the judiciary will give the cases accelerated hearing,’’ he said.

The managing director assured bank customers that the system was safe and sound, saying that they should continue their banking businesses without fear. (NAN) (www.nannews.ng)

Edited by Gregg Mmaduakolam/Ese E. Eniola Williams

Mining: Abuja varsity, Gemological institute sign agreement to boost sector

Mining: Abuja varsity, Gemological institute sign agreement to boost sector

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By Lucy Ogalue

The University of Abuja and the Gemological Institute of Nigeria (GIN) have signed a Memorandum of Understanding (MoU) to strengthen the mining sector.

The GIN President, and 1st Deputy President, Abuja Chamber of Commerce and Industry (ACCI), Prof. Adesoji Adesugba, during the signing, said the MoU would leverage on the expertise of both parties.

Adesugba said: “the agreement aims to leverage the combined expertise and resources of both institutions to foster innovation, research and skills development in the fields of geology, gemology and mining.

“The partnership endeavours to establish a formal collaboration between GIN and the Department of Gemology and Mining at the University of Abuja.

“By integrating the strengths, the two institutions aspire to create a unified platform for geoscience education, gemology and mining research in Nigeria.

“This initiative underscores a broader vision to diversify Nigeria’s economy and position the country as a frontrunner in the mining sector,” he said.

According to Adesugba, GIN, a pioneering gemology institution in the country, will collaborate closely with the university’s Geology and Mining Department to enrich the academic curriculum with gemology and jewellery-making aspects.

He said the integration would not only enhance academic programmes, but also foster entrepreneurship in the jewellery sector.

Adesugba reiterated that Nigeria had rich diversity of Gemstones and Minerals, but decried the untapped potential of these resources.

He said, “the rationale behind the partnership is to create a centralised institution dedicated to geology, gemology and jewellery making.

“It aims to serve as a hub for knowledge, research and skill development in the mining sector.

“The partnership’s objectives include; establishing Nigeria’s leading School of Mines, developing a robust mines business line in the private sector and strengthening the solid minerals sector through academic and practical training.”

According to him, the initiative, also aimed at boosting Nigeria’s economic diversification agenda, by promoting sustainable mining practices, and tapping into the global market for Indigenous gemstones and jewellery designs.

He restated the commitment of both institutions to uphold the highest quality assurance and confidentiality, throughout the partnership.

He further said any disputes arising from the agreement, would be resolved through mutual negotiation with arbitration as a final recourse.

The Vice-Chancellor of the university, Prof. Abdul-Rasheed Na’Allah, expressed appreciation on behalf of the School for the privilege of being the pioneer of the university in the field of Gemology in Nigeria.

While pledging his support to the centre, Na’Allah reaffirmed the commitment of the Institution to enhancing training capacity for the students.

“With a duration of five years, the MoU sets the stage for a transformative collaboration between GIN and our university, with the potential to drive innovation, entrepreneurship, and economic growth in Nigeria’s mining sector,” he said

The News Agency of Nigeria (NAN) reports that the ACCI 2nd Deputy President, Dr Aliyu Hong, and the ACCI Director-General, Mr Agabaidu Jideani were also present at the signing.

The Director of ACCI BEST Centre, Dr Tinuke Temitope, ACCI General Counsel, Hajia Hauwa Usman, and Dr Aminu Isyaku, Head of Department of Geology of the university, among others, were also at the event. (NAN)(www.nannews.ng)

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Edited by Idowu Ariwodola/Ese E. Eniola Williams

Economist decries revocation of Heritage Bank by CBN

Economist decries revocation of Heritage Bank by CBN

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By Gregory O. Mmaduakolam

An Economist, Mr Abba Adaudu, has decried the revocation of the licence of Heritage Bank by the Central of Nigeria (CBN) due to a breach of banking regulations.

Adaudu, who is also a financial consultant, spoke with the News Agency of Nigeria (NAN) on Tuesday in Abuja.

He said that the revocation of the bank’s licence would have adverse effects as all its customers would flood the bank’s offices nationwide to collect their deposits.

According to him, the revocation of the licence of the bank has multiplier effects on the economy as many staff of the bank will lose their jobs and will again be thrown to the labour market.

Adaudu said that the revocation would have a lot of negative effects on the banking system as many people might be afraid to put their money in the bank.

NAN reports that the CBN on Monday revoked the banking licence of unlisted lender Heritage Bank Plc due to a breach of banking regulations.

According to CBN, the bank has continued to suffer and has no reasonable prospects of recovery; thereby making the revocation of the licence the next necessary step.

The central bank said its action followed a period of engagement with the bank where it prescribed various supervisory steps intended to stem a decline in Heritage’s performance.

Adaudu, however, argued that as the nation was facing economic crisis presently, the revocation would trigger more hardship on the people as the economy, dependents and staff of the bank would suffer.

He advised that CBN would not have revoked the bank but dissolve its board as it did to the Keystone, Union and Polaris banks and takeover the financial institution for proper management.

He listed letters of credit, promissory notes, provision of admirable customer’s service, providing adequate information and providing account statement as some of the services the customers would lose.

“Other services customers will lose are protecting customer deposits, honouring cheques, provision of access to financial services and protecting customer confidentiality,’’ he said.

On the Minimum wage crisis between Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), Adaudu said that Nigerian workers’ salaries were very meagre coupled with the hyperinflation facing the country currently.

He urged the Federal Government to constitute cooperative farming for successful businessmen in the six Geo-political Zones to curtail the current high prices of foods in the country.

According to Adaudu, no amount of money paid to the civil servants will be enough by the Federal / state governments if high rate of inflation is not lessened.

He said forming cooperative farming would assist to cushion the effects of food shortage and high prices of food in the country.

The economist added that empowering successful businessmen in the six geo-political zones would help to address the current food crisis in the country.

Adaudu explained that if this policy was implemented with adequate supervision and security to protect the farmers in these zones, more food and employment opportunities would be created. (NAN)

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Edited by Chijioke Okoronkwo

CBN revokes licence of Heritage Bank

CBN revokes licence of Heritage Bank

657 total views today

By Kadiri Abdulrahman

The Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect.

This is according to a statement issued by Hakama Sidi-Ali, the Acting Director, Corporate Communications Department of CBN on Monday in Abuja.

Sidi-Ali said that the action was in accordance with the apex bank’s mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks and Other Financial Act.

This action became necessary due to the bank’s breach of Section 12 (1) of BOFIA.

“The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability.

“This follows a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline.

“Regrettably, the bank has continued to suffer and has no reasonable prospects of recovery, thereby, making the revocation of the licence the next necessary step,” she said.

According to her, the CBN took the action to strengthen public confidence in the banking system and ensure that the soundness of the financial system is not impaired.

“The Nigeria Deposit Insurance Corporation (NDIC) is hereby appointed as the Liquidator of the bank in accordance with Section 12 (2) of BOFIA, 2020.

“We wish to assure the public that the Nigerian financial system remains on a solid footing.

“The action we are taking today reflects our continued commitment to take all necessary steps to ensure the safety and soundness of our financial system,” she said. (NAN) (www.nannews.ng)

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Edited by Ese E. Eniola Williams

Mining: FG to establish 6 mineral centres to boost sector

Mining: FG to establish 6 mineral centres to boost sector

308 total views today

By Martha Agas

The Minister of Solid Minerals Development, Dr Dele Alake, says plans are ongoing by the Federal Government to establish six mineral centres in the six geo-political zones.

According to Alake, the aim is to boost the sector.

Alake said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja.

He said that the plan was part of the President Bola Tinubu’s administration’s commitment to diversify the country’s economy, by developing key sectors such as the solid minerals industry.

“Another one is the creation of six mineral centres in each of the six geo-political zones.

“We have our minerals all over the country and we cannot concentrate the mineral processing centres in one centre, and as we speak those plans are ongoing in the zones”, he said.

According to the Minister, the centres are also part of the government’s commitment to promote value addition to its minerals, aimed at facilitating multiplier effects on the economy.

NAN recalls that the minister had announced that no licence would be granted to mining companies to operate without presenting a comprehensive plan for value addition such as processing and refining.

Alake said that investors in the past extracted raw mineral resources from Nigeria without adding value to them, which he described as a great loss to the country’s economy.

“Lithium is one of the finest qualities in the world, and it has other associated minerals like nickel, cobalt, and copper.

“So when an operator takes an ounce of our Lithium out of Nigeria, perhaps he declares Lithium.

“But when he gets to his host country, he now has other associated minerals to his gain and to the loss of Nigeria.

“So our major policy which we enacted is that, henceforth, we would no longer approve an application from an investor that does not show us a concrete plan for local value addition.

“Which means processing here to add local value addition, and this will generate a multiplier effect like local employment, technology and skills transfer,” he said.

He said that the move was in line with plans to locally produce Electric Vehicle’s (EVs) batteries in Nigeria, whose major ingredient is Lithium.

“Our objective here is to begin to produce EVs batteries with Lithium and other associated minerals, ” he said.

The Minister said that the local value addition policy had also been widely accepted by other African countries aimed at developing their local economies. (NAN)

Edited by Ese E. Eniola Williams

Mining: FG to expand Marshal Corps to 100 per state

Mining: FG to expand Marshal Corps to 100 per state

683 total views today

By Martha Agas

The Minister of Solid Minerals Development, Dr Dele Alake, says that plans are ongoing to increase the number of Mining Marshal Corps from 60 to 100.

The increase would be across the 36 states of the federation and the Federal Capital Territory (FCT).

Alake said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja.

He said that the move was part of efforts of the Federal Government to secure the mining operating environment aimed at attracting Foreign Direct Investments (FDIs) to boost the economic profile of the country.

NAN reports that the Mining Marshal Corps inaugurated on March 21, were drawn from the Nigeria Security and Civil Defence Corps (NSCDC) to combat illegal mining.

The corps has 2,220 personnel, who have been specially trained by the military in modern warfare as a rapid response squad with 60 deployed across the 36 states and the FCT.

“We are looking at adding to the number to get a minimum of 100 in each state from the 60 on ground,” he said.

He said that the President Bola Tinubu`s administration was determined to sanitise the mining sector and reposition it by putting in place policy measures to attract big players to the sector.

Alake said that prospective investors would need assurance of the security of the operating environment, their investment, equipment and personnel.

The minister said that the insecurity situation at mining sites across the federation prompted the president to establish an inter-ministerial committee on Jan.17.

He explained that the committee was to produce a blueprint for securing Nigeria’s natural resources, which consisted of mineral sites, marine economy and forests.

The minister, however, said that while deliberations were still on-going by the committee on producing a comprehensive security architecture for the natural resources, the mining marshal corps was established in the interim.

“Insecurity is rife in the forests where the solid minerals are deposited.

“The inter-ministerial efforts are ongoing as set up by the president but I couldn’t wait because of the criticality in curbing the illegality in the sector,” he said.

He said that the initiative was yielding the desired results, as more than 200 suspects had been arrested, with 133 being prosecuted and two foreigners convicted for illegal operations.

According to him, many requests are being received from states for the deployment of marshals in areas identified as sites of illegal mining due to their success.

“Every day, I receive requests from states asking for the deployment of these mining marshals to particular areas in their forests where they notice illegal operations going on.

“And they have gone inside the forests, the operating field to arrest, more than 200 have been arrested, about 133 are being prosecuted right now in various courts across the various states of the country.

“And recently, two foreign nationals were jailed, convicted of operating illegally in the mining sector in Nigeria”, he said. (NAN)

Edited by Ese E. Eniola Williams

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