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Mining Sector Vital to Economic Growth — Osinbajo

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Mining Sector Vital to Economic Growth — Osinbajo

 

By Edozie Obasi-Eze

Nigeria’s Vice President, Yemi Osinbajo has identified the mining sector as a vital part of the Federal Government’s recent National Development Plan 2021-2025.

In a statement released on Tuesday in Abuja, through his spokesman, Laolu Akande, Osinbajo was said to have made the remark at the opening of the 5th Annual Nigeria Mining Week Discourse Series.

The theme of this year’s discourse is, “Top Seven Reasons to Invest in Nigeria’s Mining Sector.”

Osinbajo said, “It is significant that within the space of a year, we have recorded a 26.7 per cent increase in revenue generation from 2019 to 2020.

“But while this is encouraging, we recognise that there is still a lot of work to be done.

“That is why this forum is so important; we are privileged to have in attendance, so many distinguished experts and resource persons that deeply understand governance vis-à-vis the Mining Sector in Nigeria.”

In his remarks, delivered virtually, Osinbajo highlighted the inflow of notable investments already recorded in the sector.

He averred that the inflow was early evidence that the Federal Government’s framework was on the right track.

“These investments include Thor Exploration Limited’s Segilola Gold Mine in Osun State, with an initial production capacity of 80,000 ounces of gold annually, representing the first large-scale gold mine in Nigeria.

“In June last year, I also had the privilege of commissioning the Dukia Gold & Precious Metals Refinery (DGPMR) Project.

“The company set out to be a foremost indigenous refiner and trader of gold and other precious metals. Its potential impact on the gold sector is nothing short of revolutionary.

“By providing offtake opportunities through the establishment of Precious Metals Buying Centres, it serves as a spur for more small and medium scale mining investment.

“Its refinery symbolizes its focus on value addition in the gold and precious metals industry in Nigeria and West Africa.

“A similarly remarkable investment is the integrated Iron Ore Mining and Processing Plant set up by African Natural Resources and Mines Limited (ANRML) in Kaduna.

“It has an initial production capacity of 4.704 million tons of iron per annum and will scale up to 5.88 million tons per annum.”

He said that Nigeria was revitalising the mining sector with lessons learned from half a century of resource extraction.

According to him, the Federal Government recognises that it is not enough to seek investment merely for the sake of exploitation and extraction.

He maintained that the mining sector could help rewrite a new chapter of economic growth for Nigeria.

“Concurrently, there is an ongoing review of the Nigerian Minerals and Mining Act 2007, aimed at bringing legislation into conformity with global best practices, limiting the role of government to that of regulation, and creating the space for the private sector to maintain a more expansive presence in the sector.

“What will be evident to a potential investor is that we have built a robust framework for the mining sector, line by line.

“In 2016, the Ministry of Mines and Steel Development, in collaboration with industry stakeholders, produced a clear Roadmap for the growth and development of the Nigerian Mining Sector Industry.

“In pursuit of the goals set forth in the roadmap, government initiated an ambitious reform regime in the sector, the flagship of which is the National Integrated Mineral Exploration Programme (NIMEP).”

Biztellers reports that the Nigeria Mining Week, organised by the Miners Association of Nigeria (MAN) in collaboration with the private sector and supported by the Ministry of Mines and Steel Development.

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BREAKING: Sen Kingibe Weeps Over Arraignment Of Minors In Adult Court

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The Senator representing the Federal Capital Territory, Abuja, Ireti Kingibe, has wept openly that Nigeria has ‘become a nation that turns against its own children’.

The senator was reacting to the “arraignment of over 100 young boys, aged between 10 and 16, who participated in the #EndBadGovernance protest,” in an adult court, against established legal standards.

She took to her verified handle on micro-blogging site, X, on Saturday, to shed tears and register her strong disappointment with all the parties involved in the shameful and illegal act.

ALSO READ: #EndBadGovernance2024: Atiku Decries Dehumanisation Of Minors

According to Sen Kingibe “How can a government tasked with protecting its citizens justify holding minors in correctional centers, treating their peaceful protest as a criminal offense?”

On the law enforcement agencies breaching the law, Sen Kingibe pointed out that, “According to Nigeria’s Criminal Procedure Act (CPA), minors between the ages of 1 and 17 should never be arraigned in adult criminal courts but instead in juvenile courts, which have exclusive jurisdiction over such cases. Yet, these minors were held in maximum correctional centers for over 85 days before being charged with treason.”

She expressed her firm position that all relevant stakeholders must “urgently unite to secure the immediate and unconditional release of these minors.”

Sen Kingibe wrote, “As the Senator representing the Federal Capital Territory, I condemn in the strongest terms the recent arraignment of over 100 young boys, aged between 10 and 16, who participated in the #EndBadGovernance protest. These minors, who bravely voiced their grievances against the unbearable hardship and hunger ravaging our land, are now being charged with treason — an offense that, if found guilty, carries the death penalty.

“When did we become a nation that turns against its own children — our very hope for tomorrow? When did we lose our compassion and humanity to the extent that we humiliate, arrest, and drag young children into court for the “crime” of speaking out? This shameful prosecution of our youth is not only unjust — it is a betrayal of our humanity and an assault on our future. How can we stand idly by as the dreams of our children are crushed under the weight of oppression? This must end.

“This is utterly disgraceful, and everyone involved should feel ashamed. We owe our citizens, particularly our children, not just protection from external threats but also from unjust treatment within. Children deserve quality education, better healthcare, and protection from domestic violence and abuse, not brutal treatment for exercising their constitutional rights. According to Nigeria’s Criminal Procedure Act (CPA), minors between the ages of 1 and 17 should never be arraigned in adult criminal courts but instead in juvenile courts, which have exclusive jurisdiction over such cases. Yet, these minors were held in maximum correctional centers for over 85 days before being charged with treason.

“How have we, as leaders, stooped so low? Instead of addressing the root causes of their protest, we prosecute those who cry out against them. How can a government tasked with protecting its citizens justify holding minors in correctional centers, treating their peaceful protest as a criminal offense? When did peaceful protest — a fundamental right of citizens — become a crime in Nigeria?

“Numerous videos circulating on social media and news platforms show malnourished children with visible collarbones, countable ribs, fainting, crying, hungry, sick, and, most horrifically, being manhandled. This has turned us into an international embarrassment. If we cannot protect our own citizens, how can we expect to safeguard foreign investors whom we are actively trying to attract to our country?

“This is not only condemnable but an absolute disgrace, and it cannot stand. I demand that every relevant authority — the Ministry of Women Affairs, the Ministry of Humanitarian Affairs, the Ministry of Justice, and the Chief Justice of the Federation — as well as the Human Rights Commission and all human rights lawyers, urgently unite to secure the immediate and unconditional release of these minors. I also call upon all mothers and women across the nation to rise in protest against this deplorable treatment of our children. This is not the Nigeria we dreamed of; we cannot allow our future to be sacrificed in silence.”

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Strike Relief: FG Releases Funds To NASU, Retirees

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In a significant development aimed at resolving the ongoing strike by non-academic university staff, the Federal Government has released funds to settle the long-overdue salaries owed to members of the Non-Academic Staff Union of Federal Universities (NASU).

The funds will also cover outstanding pension payments for retirees under the Nigerian Union of Pensioners Contributory Pension Scheme.

READ ALSO: Banky W, Adesua Etomi Welcome Second Child [VIDEO]

Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of the Federation, confirmed the release in a statement on Saturday.

Mokwa stated that payments to NASU members have commenced, with numerous staff already confirming receipt of the funds.

The move comes after members of NASU and the Senior Staff Association of Nigerian Universities (SSANU), operating under a Joint Action Committee, began an indefinite strike last Monday in protest over the withheld salaries.

The strike brought federal universities across the country to a standstill, with various academic and administrative services halted.

Several other unions and universities expressed support for the protest, amplifying calls for the funds’ immediate release.

Tensions between the union leadership and the federal government had escalated in recent days, despite a directive from President Bola Tinubu for payments to be made.

On Wednesday, SSANU leaders expressed frustration, stating that many top university officials, including vice-chancellors, bursars, and registrars, had yet to receive the outstanding salaries, further straining relations.

SSANU leadership vowed to keep university facilities shut until all owed salaries are fully disbursed.

“We will not resume activities in our universities until every last outstanding payment has been made,” SSANU leaders warned in a statement.

In his official statement, Mokwa reassured all concerned parties that the government has fulfilled its commitment to fund these payments, which he called “a priority move to alleviate the financial strain on university staff and retirees.”

 

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#EndBadGovernance Protests: IGP Claims Suspects’ Collapse Staged To Sway Public Opinion

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The Inspector-General of Police (IGP), Kayode Egbetokun has alleged that the collapse of six suspects in court was a deliberate act intended to attract negative attention to law enforcement efforts.

The six individuals, part of a group of 76 mostly minor suspects facing charges related to the #EndBadGovernance protest, collapsed in the courtroom on Friday.

Related News: EndBadGovernance Protests: Court Sets N10m Bail Each For 67 Minors

Egbetokun, however, underscored that medical aid was promptly provided, highlighting the police’s commitment to the welfare of individuals in custody.

In a statement dated November 1 and signed by Force Spokesperson Muyiwa Adejobi, the IGP affirmed that under Nigerian law, individuals who reach the age of criminal responsibility are held accountable for their actions, irrespective of age.

“Today, an unexpected incident in court saw six of the suspects suddenly rush out and faint, drawing media attention in a deliberate and scripted manner to attract negative attention,” Egbetokun said.

“Medical aid was promptly provided to these individuals, demonstrating the Police Force’s commitment to the welfare of those in its custody, irrespective of the allegations they face.”

Recall that the court granted bail for each minor at N10 million, sparking criticism both domestically and internationally.

The arraigned individuals, many of whom appeared malnourished, are facing a series of grave charges including terrorism, arson, treasonable felony, and other allegations related to the destruction of public property and threats to national security.

The IGP emphasized that the Nigeria Police Force (NPF) remains committed to balancing justice with compassion, noting that the Force has adhered to legal procedures to ensure fairness.

“The NPF has rigorously adhered to legal provisions to ensure fairness and accountability under the rule of law,” he said.

“Throughout this process, the Police have worked to balance justice with compassion, ensuring that each suspect’s basic rights and privileges are respected, including access to medical care and other necessary provisions.”

In his statement, Egbetokun urged the public to avoid bias and pledged transparency throughout the legal proceedings.

“The NPF acknowledges public interest in this case and assures the public that our officers will maintain professionalism throughout the legal process.

“The public is encouraged to view this case without undue bias, as the Force remains focused on a transparent pursuit of justice.”

The police chief added that the Force is committed to aligning with international standards in justice, drawing comparisons to legal practices in countries like the United Kingdom, where young individuals facing serious charges are held accountable, though with empathy and respect for human rights.

 

 

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