News
ALAKE ADVOCATES MINERAL EQUITY TO AVOID DEBT TRAP

The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people.
Speaking at a Ministerial Roundtable on Powering Africa in Washington DC recently, Alake deplored unwholesome pressure on African governments by loan marketers despite global concerns over the declining capacity of many countries to settle their debts.
His words: ” It is an interesting paradox that inspite of their chronic indebtedness, African countries remain the target of institutional and private loan sharks marketing short and longterm credit to ministries, departments and agencies.
Indeed, in the first month after a Minister is sworn into office, he is literally bombarded by these marketers promising above the table and under the table deals.”
Alake, who doubles as the Chairman of the African Minerals Strategy Group, the body of ministers of mining and mineral development in Africa, canvassed an alternative to loans, which he defined as using proven mineral reserves as equity.
His words: ” In the mining sector, in-situ equity, where the verified value of unextracted mineral can be the equity of the owner in joint ventures, is a better financial arrangement than the road to chronic indebtedness “.
Recalling how he had taken issues with indiscriminate loan deals of African governments as a journalist, Alake said only loans that can be liquidated by the returns on the project should be taken to save the people from poverty.
“I have criticised the predilection of Nigerian governments to sign the dotted lines of loan agreements on the flimsiest excuse mostly with stiff conditions which hurt the common people. Therefore, I believe African governments should exercise patriotic circumspection and due diligence before committing their sovereignty.”
The Minister’s presentation set the tone of his meetings with investors on the sidelines of the conference.
In top -level talks with the delegation of the United States International Development Finance Corporation (IDFC), Alake shared the vision of the Tinubu Administration to reposition the sector to compete with others to attract investments.
According to him, the administration has focused on developing the critical minerals sector to diversify the economy from oil.
” There are certain things that we need to bolster that sector, and all the support we can get is crucial . First and foremost is critical big data, which is exploration. We are actively working to sanitise the sector, including establishing a new security architecture to secure the mining environment. ” he said.
Speaking further at the parley with the Chief Operating Officer (COO) of the US IDFC, Agnes Dasewicz and her team, Alake stated that Nigeria has an abundance of 44 critical minerals that exist in commercial quantities, emphasising on-going reforms by the President Tinubu administration are poised to sanitise the sector and make it attractive to big players.
In her submission, Dasewicz lauded the renewed focus on solid minerals by Nigeria, emphasising her corporation’s interest in providing the required support to strengthen the mining sector value chain.
” We very much partner with private sector players to deliver financing to mining companies to help them really expand what they can do. Some of the focus sectors that we have are critical minerals and infrastructure; health and agriculture as well as energy. We would love to do more in the critical minerals sector, and we know there is a lot of potential in that regard, in Nigeria, “Mrs. Dasewicz added.
To execute areas of partnership, further engagement will continue between the Minister’s team comprising Solid Minerals Development Fund (SMDF) Executive Secretary, Fatima Shinkafi, other top ministry officials and representatives of the US IDFC.
The Minister also had fruitful deliberations with a cross section of private sector players in the mining industry, including KRL International, securing their commitment to take more than a cursory look at the mining sector.
Politics
Probing IBB over my father’s death unnecessary— Abiola’s son

Jamiu Abiola, the son of the late winner of the June 12, 1993 presidential election, Chief Moshood Abiola, has stated that probing former military Head of State, Ibrahim Babangida, over the death of his father is unnecessary.
In an interview with Punch, Jamiu explained that the time for such investigations had passed away, stating that many key figures involved in the June 12 tragedy are no longer alive.
“There is no need for prosecution or probe. So many years have passed and most of the good and bad actors in the June 12 tragedy have passed away,” Jamiu said.
He added that the ideal time for a probe would have been during the second term of former President Olusegun Obasanjo, when Nigeria’s democracy was more stable and many individuals involved were still alive and could provide accurate accounts of events.
Jamiu further stated that for those interested in knowing more, his book, ‘The President Who Never Ruled,’ offers insights into the annulment and the surrounding events.
“It (the book) will let you know exactly what happened during the annulment and why it happened,” he said.
However, he cautioned readers to approach it with the goal of understanding the truth, not seeking revenge.
Jamiu said the best way to compensate the Abiola family would be for Nigerians to embrace the values of unity and national cohesion that were exemplified on June 12, 1993.
“The best way to compensate our family is for the Abiola family to see all Nigerians adopting the attitude they adopted on the day of June 12, 1993, which in a nutshell is to reject tribalism and religious differences when electing leaders and to see themselves as members of the same family regardless of their states of origin,” he explained.
He further noted that Nigerians should focus on transforming the country from a divided nation to a unified one.
“By so doing they will be heeding the call of President Bola Tinubu to shun ethnicity and transforming Nigeria from a country to a nation.
“I will not ask for more than that because to do so would bring down the high standing of Moshood and Kudirat Abiola following their unique sacrifice. They gave up their lives and will be rewarded with more than 500 million years in a place better than any castle in this world,” he added.
While acknowledging that any worldly honours bestowed upon his late parents would be appreciated, Jamiu firmly believes that such recognition pales in comparison to the eternal reward his parents are enjoying.
“Any worldly honour given to them is definitely welcome, but believe it or not, it will be only a drop in the ocean compared to what they are enjoying right now and will continue enjoying while every single one of those who cheated and killed them burn in hell forever and ever by the special grace of God,” he stated.
News
Shettima assures of FG ‘s commitment to Plateau’s stability, economic development

Vice President Kashim Shettima has reaffirmed the Federal Government’s unwavering commitment to ensuring lasting peace, stability and economic development in Plateau State and across Nigeria.
According to a statement by his media aide, Stanley Nkwocha, the VP gave the assurance while in Jos Plateau on Saturday during his condolence visit to the National Chairman, Council of Ulama Jama’atu Izalatul Bid’ah Wa’Ikamatis Sunnah (JIBWIS), Sheikh Sani Yahaya Jingir.
He stressed the administration’s determination to foster national unity and progress.
“President Bola Ahmed Tinubu specifically directed me to convey his heartfelt condolences and to assure the people of Plateau that this administration places high premium on the peace and economic prosperity of this strategic state. We recognise the critical role Plateau plays in our national cohesion and development agenda,” he said.
The Vice President, who was in Jos to commiserate with Sheikh Jingir over the death of his close associate, Sheikh Saidu Hassan Jingir, commended Plateau State government’s peace-building efforts.
“We must acknowledge and applaud the tireless efforts of the state government in maintaining the peace we now enjoy in Plateau. This administration will continue to support these initiatives because without peace, there can be no meaningful development,” he said.
While offering prayers for the repose of the soul of the late Sheikh Saidu Hassan Jingir, who served as the Deputy National Chairman of the Ulama Council of JIBWIS, the Vice President also prayed for peace, stability, cohesion and progress across the nation.
“I want to assure all Nigerians that better days lie ahead. The economic reforms being implemented by President Bola Ahmed Tinubu are designed with the long-term prosperity of our nation in mind. We are already seeing early positive indicators, and we ask for your continued patience and support,” he added.
Earlier in his speech, Sheikh Sani Yahaya Jingir expressed profound gratitude to President Tinubu and Vice President Shettima for their show of compassion during this difficult period.
“This visit demonstrates the human side of governance that often goes unnoticed. We are deeply touched by this gesture,” Jingir said.
“We are grateful to Allah for the good work President Bola Ahmed Tinubu and Vice President Kashim Shettima are doing for Nigeria. True leadership requires commitment and patience with the people at all times, and this administration has shown both.”
The religious leader specifically praised the government’s responsiveness to infrastructure needs. “When we requested that the Jos-Saminaka-Kaduna road be fixed, you not only listened but acted swiftly. The Federal Executive Council’s approval of N33 billion for the reconstruction of that critical road is evidence of a government that cares for its citizens,” he noted.
On the administration’s economic policies, Sheikh Jingir was unequivocal in his assessment: “The economic and agricultural initiatives of this government have begun yielding tangible results. We are witnessing a gradual but steady reduction in the prices of essential commodities, particularly foodstuff. This offers hope to ordinary Nigerians and validates the direction of your policies.”
The cleric also spoke on the security situation in Plateau State, saying, “I am pleased to inform you that peace has come to stay in our beloved state. The followers of Islam, Christianity and other faiths have collectively resolved to embrace peaceful coexistence as the only path forward.”
“This unity of purpose was clearly demonstrated during the funeral of our departed brother, Sheikh Saidu Hassan Jingir, when people from diverse religious backgrounds and all sections of the state gathered in unprecedented numbers to pay their respects. This is the Plateau we want to see and build upon.
“While we mourn our loss, we submit to the will of Allah. Death is inevitable for all mortals, and we find solace in the exemplary life our brother lived,” he said.
The Vice President was received at the Yakubu Gowon Airport by the Deputy Governor of Plateau State, Her Excellency, Mrs. Josephine Piyo.
His delegation included the Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia; former Deputy Speaker of the House of Representatives, Rt. Hon. Ahmed Wase; Minister of State for Regional Development, Uba Maigari Ahmadu, and Special Adviser to the President on General Duties (Office of the Vice President), Aliyu Modibbo Umar.
News
Impeachment: I won’t stop Rivers Assembly from performing their duties, says Wike

Minister of the Federal Capital Territory, FCT, Nyesome Wike, has said that he has no plan to stop members of the Rivers State House of Assembly from performing the constitutional duties.
Part of the legislative functions of the Assembly is to impeach the governor if he is found wanting for going against stipulations of the law.
The lawmakers, about 27 of them, have been at loggerheads with Governor Siminalayi Fubara as they try to maintain their loyalty to the FCT minister.
The lawmakers led by Martin Amaewhule recently obtained victory at the Supreme Court, which ordered that they should resume their legislative duties.
The governor was also ordered to re-present the 2025 budget to the full House of the Assembly and reconduct the local council elections.
There are speculations about the majority lawmakers plotting the governor’s impeachment.
“I’m not going to stop the Assembly from performing their constitutional duties. People who love peace don’t threaten people,” Wike told a large number of Kalabari people on Saturday.
“Assembly must do their work, whatever they deem necessary and fit, that it is constitutional, they should do.”
He continued, “Let them tell me what initiative they have put on the ground. It is not to abuse us. You can abuse me as much as you want; I never bother myself. abuse Dey kill anybody?
“You don seen who abuse don kill? What is important is the result. Na who get high blood pressure now; no be them?”
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