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Solid Minerals Will Contribute 50% To Nigeria’s GDP – Minister Says

The Minister of Solid Minerals, Mr. Dele Alake, has said that the ministry will add at least 50% to the Nigerian economy, just as he said that the Ministry is poised to attract Foreign Direct Investment to the country.

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The Minister of Solid Minerals, Mr. Dele Alake, has said that the ministry will add at least 50% to the Nigerian economy, just as he said that the Ministry is poised to attract Foreign Direct Investment to the country.

The minister, who spoke during the unveiling of the ‘Agenda for the Transformation of the Solid Minerals for International Competitiveness and Domestic Prosperity’, in Abuja on Sunday, said that the ministry will focus on a seven-point agenda including the creation of the Nigerian Solid Minerals Corporation, Joint Ventures with Mining Multinationals, Big Data on specific seven priority minerals and their deposits, 30-day grace for illegal miners to join artisanal cooperatives, Mines Surveillance Task Force and Mine Police, Comprehensive review of all mining licenses and the creation of six (6) Mineral Processing Centres to focus on Value-Added products.

“President Bola Tinubu has taken firm, courageous decisions that have reset the logic of the Nigerian economy. The removal of subsidy and the adoption of a single exchange rate are among the fundamental transformational policies of this administration. This radical approach to making the economy resilient in the long term is the guiding principle of the management of the Ministry.

“The Ministry has to take the bull by the horns if the country must reap the harvest of the trillion dollars worth of minerals under the ground across the country. To achieve this laudable objective, there has to be a paradigm shift in the strategy by re-positioning the sector in terms of the human and capital factors that can drive its transformation,” the minister said.

On the creation of the Nigerian Solid Minerals Corporation, the minister said “mining is big business. Nigeria must assert its presence in this environment by replicating its strategic positioning in the petroleum sector by setting up a corporate body that plays in this field. Consequently, the Ministry shall work towards the incorporation of the Nigerian Solid Minerals Corporation.”

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According to the Minister, the corporate body will have subsidiaries doing business in the seven priority areas that require immediate intervention and focus which include: Gold, Coal, Limestone, Bitumen, Lead, Iron-ore and Baryte. Existing enterprises, such as the National Iron-Ore Company, and ongoing arrangements, such as the Bitumen Concessioning Programme, will be reviewed to fit into this new system.

“The proposed corporation will seek and secure partnership investment agreements with big multinational companies worldwide to leverage on the attractive investment-friendly regime operating in the country to secure massive Foreign Direct Investment for the mining sector. The positioning of the national corporation as a guarantor and protector of the partnership agreements is expected to assure partners of our seriousness and fidelity.

“Similarly, the Solid Minerals Corporation will provide robust support for Nigerian businessmen seeking funding abroad and help to authenticate their investment proposals to speed up the commitment of their partners to invest. Domestically, the Solid Minerals Corporation will engage the Nigerian financial system, which has demonstrated palpable reluctance to support mineral prospecting and mining because of the long-term gestation of value generation by developing a Fund to facilitate investments in mining at interest rates that will be mutually agreed,” the minister said.

The minister said the country will leverage on the abundant precious minerals including gold, manganese, bitumen, lithium, iron ore, lead, zinc, limestone, uranium, columbite, barite, kaolin, gemstones, coal, topaz and copper that are in massive proportions to attract investors into country.

Nigeria has an estimated reserves include Gold (1 million ounces); Limestone (568 metric tonnes), Lead/Zinc, (Baryte (15 million metric tonnes), Bitumen (N1.1 billion barrels), Iron Ore (3 billion Metric Tonnes) and Coal, (N396 million). How did a sector with over 2 million operators, including over 633 small-scale companies and 251, 500 registered miners.

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The minister also said the ministry is introducing a security tax force and mines police that will help the country combat illegal mining and smuggling.

“For the last time, let me declare that the Ministry is giving such persons 30 days grace to join a miners’ co-operative or find another vocation to do. On the expiration of the period, the full weight of the law will fall on anyone seen on a mining site without a determinable status. This message will be interpreted into Nigerian languages and broadcast on the radio to ensure no one is ignorant of this directive.

“From October, a rejuvenated security regime will become active in the solid minerals sector. This will include the Mine Police, sourced from the Nigeria Police and specially trained to detect illegal mining and apprehend offenders. The new Mines Surveillance Security Task Force will coordinate the Mines Police and proactively address high risk incidences of breach of Mining Laws. The Federal and State governments will also be encouraged to allocate the prosecution of cases against illegal miners to competent courts,” the minister said.

Speaking on the focus area the ministry will target towards improving developing the sector, the minister said that the ministry has identified several factors such as inefficient geo-data, weak implementation and enforcement, poor environmental, safety, and health policies, fragility and conflict, unregulated artisanal mining, low technical capacity, lack of access to financing, weak inter-governmental and inter-agency coordination and weak federal/state relations.

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Edo tribunal: PDP, Ighodalo, close case against Gov. Okpegholo 

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*As INEC opens defence Wednesday

After calling 19 witnesses at the Edo State governorship election tribunal,  to attack the credibility and outcome of the September 21, 2024 governorship election that produced governor Monday Okpegholo, the Peoples Democratic Party, PDP, and its candidate, Asue Ighodalo, closed their case.

The decision was communicated to the Justice Wilfred Kpochi- led three-member tribunal yesterday by counsel to the petitioners, Mr. Robert Emukpoeruo, SAN.

In their petition, the petitioners who called 19 witnesses and tendered several documents and devices used for the disputed polls, urged the tribunal to nullify the election of Governor Okpegholo over alleged irregularities including over-voting and non-compliance with the provisions of the Electoral Act.

Meanwhile, the Independent National Electoral Commission, INEC, yesterday, produced five additional Bimodal Voter Accreditation System, BVAS, machines that were used for the election.

The electronic devices, which were tendered by a Senior Technical Officer in the ICT Department of the Independent National Electoral Commission, INEC, Mr. Anthony Itodo, were admitted in evidence, amidst opposition from the camp of the respondents.
This is in addition to the 148 BVAS machines that had earlier been admitted in evidence by the tribunal for the conduct of the election in 133 polling units.
After the short proceedings, the  tribunal then adjourned till Wednesday for INEC to open its defence.
The electoral body had declared that Okpebholo of the APC secured a total of 291,667 votes to defeat his closest rival, Ighodalo of the PDP, who got a total of 247,655 votes.

However dissatisfied with the results, the PDP and its candidate approached the tribunal, praying it to nullify INEC’s declaration of the APC and Okpebholo as winners of the election.

In the petition marked EPT/ED/GOV/02/2024, the petitioners argued that Governor Okpebholo of the APC did not secure the highest number of lawful votes that were cast at the election.

 

Daily Sun

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FG approves N4.8bn for HIV/AIDS treatment amid U.S. funding suspension

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…Okays $1bn HOPE programme to fix PHCs, others

 

Federal Executive Council (FEC) presided over by President Bola Tinubu, has approved a significant allocation of N4.5 billion for the procurement of HIV treatment packs, aimed at supporting Nigerians living with HIV/AIDS.

This decision comes in light of the recent suspension of U.S. government funding for HIV programs, which is undergoing a 90-day review period.

Addressing Minister of Finance and Coordinating Minister of the Economy of Nigeria, Wale Edun and Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, explained that the approval underscores Nigeria’s commitment to ensuring continuous access to life-saving treatment for individuals affected by the virus.

The funding landscape for HIV/AIDS treatment in Nigeria has been heavily reliant on international assistance, particularly from the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR) and the Global Fund. Historically, about 80% of HIV response funding has come from external donors, with domestic contributions lagging behind.

Under the Buhari’s administration, the government had admitted that since 2005, about $6.2 billion had been spent on HIV response in Nigeria, with approximately 80% of these funds contributed by external donors.

Pate, on Monday emphasised the importance of this funding: “This allocation is critical for ensuring that those living with HIV continue to receive necessary treatments without interruption.”

The approved budget will facilitate the procurement of 150,000 treatment packs over a four-month period. This initiative not only aims to provide immediate relief but also demonstrates Nigeria’s intent to build a more sustainable domestic financing model for health interventions.

The minister said FEC also set up a committee with membership drawn from the Ministries of Finance, Budget, Defence, Environment and the Nigeria Governors Forum to come up with a sustainability plan.

Responding to U.S. Policy Shifts on Development Assistance

Addressing recent U.S. policy changes affecting development assistance for diseases like HIV, tuberculosis, and malaria, Pate highlighted Nigeria’s proactive approach to sustainability. “While we appreciate the contributions of the U.S. government over the last 20 years, Nigeria is now focused on transforming its health sector using national systems and domestic financing,” he said.

To ensure a seamless transition amid these policy shifts, a committee comprising key ministries and state governors has been tasked with developing a sustainability plan. “This is about ensuring that no Nigerian loses access to treatment during this period of adjustment,” he emphasised.

Pate said FEC approved the HOPE (Human Capital Opportunities for Prosperity and Equity) programme, a $1 billion initiative designed to strengthen governance and primary healthcare systems nationwide. “This programme is very much in line with the direction of this administration—to focus on investing in the human capital of Nigerians. People are at the center of the Renewed Hope Agenda,” Pate stated.

The funding, developed in collaboration with the International Development Association (IDA), allocates $500 million for governance improvements and another $500 million to enhance primary healthcare. The governance component will incentivize states to recruit and train teachers and healthcare workers, while the healthcare portion will expand primary health care services, improve quality, and boost resilience. “This is about accelerating transformation in the health sector,” Pate explained, referencing the ongoing Nigeria Health Sector Renewal Investment Initiative (NHSRII) launched in 2023.

The programme also includes $70 million in grant financing from the Global Financing Facility to support maternal and child health services. “We are building on free emergency medical services for maternal and child health as part of this initiative,” Pate added

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No respite for Obasa as assembly workers pledge loyality to new Lagos speaker

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Obasa

…GAC holds meeting with Miranda, others

The hope of returning back to seat of the Speaker, Lagos State House of Assembly by Hon. Mudashiru Obasa seem to deeming with more stakeholders pledging allegiance to the new Speaker, Hon. Mojisola Meranda .

 

The latest among the stakeholders to pledge their loyalty to the new speaker, is Lagos State House of Assembly Staff.

 

The group gave Hon. Meranda a rousing welcome to the Assembly complex on Monday and also declared their total support for the new speaker.

 

The former speaker, Obasa, who represents Agege constituency, was removed on January 13, 2025, by the majority members of the Assembly over allegations of gross misconduct and abuse of office while he was away in the US but on his return to the country, he held a press conference where he insisted that his removal didn’t follow due process.

 

However, since the former speaker, Obasa was removed, many stakeholders have continued to pledge support for the new Speaker, and these stakeholders included the apex body in All Progressive Congress (APC), Governance Advisory Council (GAC).

Although few member of GAC were not comfortable with the emergence of Maranda as Speaker due to constituent she comes from, which is Central Senatorial District.

According to those kicking against emergence of the new Speaker, Meranda, the governor is from Central Senatorial District and it will amount to injustice to other district for speaker to come again from the same Senatorial District .

As at the time of filing the report, GAC is currently holding a closed door meeting at the Lagos House in Marina, and according to a source, top on the agenda of the meeting meeting is issue of zoning which they are trying to resolve.

The new speaker along with some members of the House have also joined the meeting, the outcome of the meeting will determine where pendulum will swing .

Meanwhile , members of the House have denied knowledge of any directive from President Bola Tinubu to reinstate former Speaker, Obasa, saying the former leader of the assembly must be daydreaming.

The denial followed a report by an online news medium, which claimed that President Tinubu had ordered members of the Lagos Assembly to allow Obasa to return as speaker.

 

The medium claimed the lawmakers should be prepared to return Obasa because the political price for his removal could potentially outweigh the benefits of punishing his excesses, which it stated, bordered largely on corruption and abuse of office.

 

However, some lawmakers said his return would be difficult for those who participated in his impeachment, especially those who circulated copies of The Gazette’s story that preceded it.

 

“We’re afraid that bringing him back will be like trying to pacify a snake after its head was severed,” a source said, adding: “Its venom will be super deadly.”

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