Adamawa gets 12 mining licenses, signs $5 bn exploration pact with Swiss firm

The Adamawa Mining Company Limited says it has acquired 12 licenses for Solid Minerals explorations in the state. Mrs Shanti Shashi, the state Commissioner of Solid Minerals Resources, disclosed this in an interview with the News Agency of Nigeria (NAN) in Yola on Tuesday. Shashi said the state government had also signed a five billion …

Fayemi: Nothing in our laws prohibit states from going into mining operations

Dr. Kayode Fayemi, minister of solid minerals and chairman of the Nigeria Extractive Industry Transparency Initiative (NEITI) told The Guardian steps taken so far to get the sector working, as well as challenges that must be overcome in order to have a robust and revenue yielding ministry. We Still Have Much To Do, To Make …

Fresh Awakening for the Mining Sector

With the slump in oil prices and a more compelling need to diversify the nation’s revenue base, the spotlight has shifted to the mining sector. Ndubuisi Francis reports on the just-concluded Nigeria Mining Week For decades, there has been what can best be described as motion without movement vis-à-vis successive administrations’ sloganeering to develop the …

Governors Endorse FG’s Diversification Agenda

Governors of the 36 states of the country, under the auspices of the National Economic Council (NEC), have endorsed the efforts of the President Muhammadu Buhari led government to diversify and deepen the nation’s revenue profile. The governor’s particularly endorsed and commended the federal government’s plan to increase the contribution of the solid minerals sector …

Fayemi: Mining Will Add $27bn to Nigeria’s GDP by 2025

Minister of Solid Minerals Development, Dr. Kayode Fayemi, in this exclusive interview with Chineme Okafor, posited that the mining sector roadmap will pivot Nigeria from a mineral-rich nation to a mineral-mining and processing country. He also revealed that by 2025, the sector could be adding up to $27 billion to Nigeria’s GDP. Excerpts: You’ve been in …

Fayemi: How corrupt govt officials helped ruin Nigeria’s mining sector

With Nigeria’s cash cow, the oil and gas sector, currently experiencing some strain, with declining global crude oil prices exerting pressures on the economy, Nigerians’ attention shifts to the solid minerals sector in search of alternative backing for the economy. The Minister of Mining and Steel Development, Kayode Fayemi, in an exclusive interview with PREMIUM TIMES’ …

Aligning Fiscal Strategies for Economic Recovery

The recently-concluded National Economic Council on Finance and Development may have lived up to its billing in terms of idea generation and highlighting need for shared vision and alignment of purpose between the federal and state governments, reports Olaseni Durojaiye As handlers of the nation’s economy, experts and operators continue to explore ways of navigating …

Ajaokuta: Last chance for targeted sale

NIGERIA got another chance last week to revitalise its steel industry when it re-possessed the Ajaokuta Steel Complex after protracted negotiations with the concessionaire. With arguably sub-Saharan Africa’s largest integrated steel production facility back in its hands, the Federal Government is once again well-placed to kick-start a thriving industrial revolution that has been 40 years …

NIGERIA AND SOUTH AFRICA: FORGING BONDS OF MUTUAL PROSPERITY IN MINING

The recent state visit to Nigeria by President Jacob Zuma marked the beginning of a new chapter in relations between Nigeria and South Africa. Both countries have shared a sometimes turbulent history; we have also at different times reveled in the joy of aligned moral purpose – at some point towards the dismantling of apartheid, …