News
Nigeria, Saudi Arabia Pledge Collaboration on Mining Sector Development

… Joint technical Committee to Finetune Areas of Partnership
Nigeria and the Kingdom of Saudi Arabia have resolved to strengthen collaboration between both countries to enhance the development of solid minerals as the world transitions from fossil fuels to cleaner energy.
Meeting on the sidelines of the Future Minerals Forum (FMF) holding in Riyadh, Saudi Arabia, the Minister of Solid Minerals Development, Dr. Dele Alake and his Saudi Arabian counterpart, Bandar AlKhorayef, led the delegations of both countries to the bilateral meeting.
In his remarks, Dr. Alake harped on the need to forge partnership, emphasizing that global energy transition is contingent on critical minerals, which he stated exist in abundance in Nigeria.
“We need a lot of investments in exploration, exploitation, extraction, processing, local value addition. We realize that we must look at regions outside of Africa to collaborate, further consolidate, and enhance our capacity in exploring and exploiting the natural resources that we have. For us to maximally utilize, exploit, and derive maximum revenue for our own economic and infrastructural development, we need to have a very solid partnership with nations like Saudi Arabia.
“Saudi Arabia has always displayed good affinity to Nigeria, and it is historical. We have always been desirous of reciprocating this very positive gesture, and there is no better area to ensure that reciprocity than to ensure we consolidate on our partnerships in areas of economic development. We are willing and open to investments in Nigeria, especially in the mining sector”, the Minister asserted.
Speaking further, Alake made a case for investment in local value addition involving processing of solid minerals that will culminate in production and establishment of factories in Nigeria, which he noted will generate employment and have a multiplier effect on the economy. He emphasized the readiness of the Nigerian team to work with their Saudi Arabian counterpart to finetune specifics and map out strategies to concretize areas of collaboration within a specified time frame.
Throwing light on incentives for investment, Alake cited the policy of President Bola Tinubu on repatriation of profits by foreign investors, tax waivers on imported equipment specifically directed at the mining sector and a rejigged security architecture which he hinted will soon come on stream to effectively secure mining areas in the country.
In his response, Mr. AlKhorayef shared the position of Nigeria on the fundamentals of diversifying the economy with emphasis on the mining sector. He revealed that Saudi Arabia also places a premium on local value addition whilst welcoming collaboration with Nigeria.
Both countries thereafter resolved to set up a joint technical committee to follow through in areas of partnership coupled with a workable action plan, guided by timelines, to harness areas of comparative advantage for mining sector development.
On the Nigerian delegation were Executive Secretary, Solid Minerals Development Fund (SMDF), Hajia Fatima Shinkafi; Director-General, Mining Cadastral Office (MCO), Dr. Obadiah Nkom; DG, Nigeria Geological Survey Agency (NGSA), Dr. Abdulrasak Garba; Director, Investments Promotion and Mineral Trade (IPMT), Ime Erikpo while the Minister of Industry and Mineral Resources, HE Bandar AlKhorayef; Vice-Minister, Mining Affairs, Engr. Khaled AlMudifer and other government officials represented the Kingdom of Saudi Arabia.
*Segun Tomori*
Special Assistant on Media
Honourable Minister of Solid Minerals Development
10th January, 2024.
News
Tinubu to Catholic Bishops: I’m not a religious bigot

President Bola Tinubu says Nigeria must develop and stand beyond religious bigotry.
The president spoke in Abuja on Friday when he received a delegation from the Catholic Bishop’s Conference of Nigeria (CBCN) at the State House, led by Lucius Ugorji, the conference president.
Tinubu acknowledged the hardships faced by Nigerians due to ongoing economic reforms, stating that the measures implemented were necessary to build a resilient nation and secure a better future for generations to come.
“Yes, removing the fuel subsidy was hard, tough for me, but it’s a hard choice that Nigeria must face. We are not going to bankrupt our country,” Tinubu said.
We were spending the investment of the future of our children yet unborn; we were spending their rights. Poverty has no religious basis. It affects all, and we must fight it together.”
Tinubu added that poverty transcends religious and ethnic divides, urging citizens and leaders to unite in addressing the issue.
He said tax reforms are an opportunity for Nigerians to invest in the nation’s development.
On the issue of insecurity, the president assured the bishops that security agencies are making significant progress in tackling the nation’s challenges.
He said the impact of insecurity is felt by all, regardless of religious affiliation, and reiterated his commitment to religious tolerance.
“This insecurity affects everyone—Christians and Muslims alike. I have no religious bias; I won’t be a bigot. My wife is a pastor at the Redeemed Christian Church,” Tinubu said.
“But we have to think of our country; this country must develop and must stand beyond religious bigotry.
The president thanked religious leaders for their prayers, noting that the country is already witnessing a better deal and a newfound optimism.
He highlighted the competition among operators in the petroleum sector, the bountiful harvest enjoyed by farmers, and the lower prices of commodities, adding that investments are flowing into the country.
“There is hope; people are coming in to invest. They are saying good things about Nigeria. I am very proud of that,” he said.
“What seems to be a very difficult beginning is now showing us hope. And we are not half-time yet. I’m happy to see this period alive and healthy, and I am thankful to all of you for your prayers.”
News
Trump mulls travel ban on dozens of countries

President Donald Trump of the United States is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban.
According to an internal memo regarding the move, a total of 41 countries divided into three separate groups would be affected.
The first group of 10 countries, including Afghanistan, Iran, Syria, Cuba and North Korea among others, would be set for a full visa suspension.
In the second group, five countries, including Eritrea, Haiti, Laos, Myanmar and South Sudan, would face partial suspensions that would impact tourist and student visas as well as other immigrant visas, with some exceptions.
According to the memo, in the third group, a total of 26 countries that includes Belarus, Pakistan and Turkmenistan among others would be considered for a partial suspension of US visa issuance if their governments do not make efforts to address deficiencies within 60 days.
The move harkens back to President Donald Trump’s first term ban on travelers from seven majority-Muslim nations, a policy that went through several iterations before it was upheld by the Supreme Court in 2018.
It could be recalled that Trump issued an executive order on January 20 immediately after his inauguration requiring intensified security vetting of any foreigners seeking admission to the US to detect national security threats.
That order mandated several cabinet members to submit by March 21 a list of countries from which travel should be partly or fully suspended because their vetting and screening information is so deficient.
News
Oyo to Partner with Netherlands on Waste Management, Circular Economy

The Oyo State Government is set to collaborate with the Kingdom of the Netherlands to enhance waste management and promote a circular economy, aiming for sustainable environmental practices.
The Commissioner for Environment and Natural Resources, Hon. Abdulmojeed Mogbonjubola, disclosed this during a high-level meeting between the ministry and representatives from the Dutch government.
According to the commissioner, discussions focused on innovative waste solutions, recycling, and environmental sustainability.
Hon. Mogbonjubola emphasized Governor Seyi Makinde’s commitment to transforming waste management in the state. He assured that the partnership would receive strong political support, ensuring smooth operations in Oyo State.
“We are ready to partner with the Netherlands government, but we need a clear roadmap on how the circular economy works. This is a new concept for us, just as we are new to the Netherlands platform. This marks the beginning of a new relationship, and we will do all necessary follow-ups,” he said.
To facilitate the initiative, the commissioner announced the formation of a Circular Economy Desk within the Ministry of Environment and Natural Resources. This committee will leverage expertise from existing institutions and develop strategies for implementation.
“I am excited this is happening during my tenure. We already have a platform, but we haven’t fully taken advantage of it. Now, Oyo State is ready to take the bull by the horns,” he added.
The Representative of the Consulate General of the Netherlands, Mr. Peter Kelley, highlighted the economic opportunities embedded in waste recycling.
He explained that the Dutch government has been involved in similar projects in Nigeria, such as a waste-to-energy facility in Lagos, textile recycling through Cope Clothing in the Loop, and training businesses on sustainable recycling practices.
Mr. Kelley acknowledged that while the circular economy is a relatively new concept, its success in the Netherlands proves it can work in Oyo State.
“As it works in the Netherlands, it will work here provided we engage all stakeholders, including the government, businesses, communities, and universities. The consulate general’s role is to facilitate this process,” he stated.
Earlier in his welcome address, the Permanent Secretary of the Ministry of Environment and Natural Resources, Dr. Sunday Ojelabi, expressed gratitude for the Netherlands’ interest in supporting Oyo State’s sustainability goals.
He emphasized that the circular business platform will benefit local entrepreneurs and improve environmental conditions.
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