News
Foreigners Benefiting More From Nigeria’s Solid Minerals – Governor Sule
…as Reps propose 5% total mining revenue for host communities
By Gloria Ikibah
The Governor of Nasarawa State,
Abdullahi Sule has lamented that people from other countries are benefiting more from Nigeria’s solid mineral resources than indigenes who get only peanuts from the sector.
Governor Sule stated this at a public policy dialogue on Nigeria’s minerals and mining legislation, organised by the House of Representatives Committee on Solid Minerals at the National Assembly Complex, Abuja on Monday.
He reiterated that government and other stakeholders must reform the solid mineral sector and come up with policies that benefit Nigerians, if they place priority on the future of the Nation’s economy.
He said: “One community in Nasarawa got some kind of compensation of a very small amount N700 million, they were so excited which was nothing compared to the time when lithium was running roughly about $76,000 per metric ton.
“If we are serious about the future of the economic situation of Nigeria we must reform what we call the solid mineral sector and if we must reform we must come up with policies and reform them where it has to benefit Nigerians if we didn’t do that we will just be joking.”
Chairman, House Committee Solid Minerals, Hon. Jonathan Gaza
said the Nigerian Minerals and Mining Act (Amendment) Bill being considered proposes 5% of the total revenue of all minerals mined to the host communities (hostcom).
He said the bill when passed will allow for establishment of Mines Inspection and Environmental Agency to provide improved deeper oversight of mining activities and bridge gap the between the federal and state governments to empower the Mineral Resources and Environmental Management Committee for effective and joint oversight.
“…The establishment bill for a Solid Minerals Development Company allocates 75% ownership to the private sector and 25% to the federation of Nigeria. Community Development and the Environment are really prioritised in the bill. The Petroleum Industry Act (PIA) sets aside 3% of their annual operational expenditure to host communities.
“In the bill, we have set aside 5% of the revenue of all minerals mined to the host communities, and this is due to informality of the sector. We believe that it can be reviewed and improved through this programme,” he stated.
Declaring the dialogue open, Deputy Speaker of the House, Hon. Benjamin Kalu said the legislation if passed, will represent a turning point for the nation’s mineral wealth, admitting that Nigeria’s vast mineral resources have remained largely untapped, and undeservedly overshadowed by reliance on oil.
Kalu lamented that the challenges of insecurity, inadequate infrastructure, and a lack of skilled labour continue to act as bottlenecks in solid minerals development but they would be addressed by the amendment bill and other mining-related legislation currently under consideration.
“Despite boasting over 40 commercially viable minerals, the mining sector contributes a mere 0.3% to our GDP. This, my friends, is unacceptable. Our duty call today is to turn the tide. There are indications of a renewed vigour in our mining industry, fueled by a collective will to diversify our economy, create jobs, and unlock the immense potential that lies beneath our soil.
“The 2016-2025 mining industry development roadmap, aiming to increase the sector’s GDP contribution to 3% by 2025, is already showing progress. Projects like the Segilola Gold Project in Osun state governed by a private-sector-led lens are injecting millions of dollars into our economy and attracting much-needed investment,” he added.
News
Customs Service Auctions Impounded Fuel At N630 Per Litre In Oyo State
The Nigerian Customs Service (NCS) on Saturday auctioned about 20,000 liters of Premium Motor Spirit (PMS), commonly known as petrol, at N630 per liter in Ibadan, the Oyo State capital.
The product, intercepted from smugglers, was sold to the public at Afoo Filling Station, Masfala area.
The National Coordinator of Operation Whirlwind, Comptroller Hussein Ejibunu, who flagged off the sale, revealed that the tanker carrying the petrol was seized alongside 30 kegs containing 25 liters each during a smuggling attempt.
The total duty-paid value of the seized 30,750 liters was estimated at N42.75million.
According to Comptroller Ejibunu, the auction followed a court condemnation order after the items remained unclaimed. He stated that the Comptroller General of Customs, Bashiru Adeniyi, directed the sale to improve public access to fuel during the festive season.
Comptroller Ejibunu explained the government’s commitment to ensuring that citizens receive their entitlements promptly, highlighting that auctioning seized goods to Nigerians aligns with government policy.
He cautioned smugglers to abandon their illegal activities, warning that offenders would face prosecution.
Reflecting on a similar operation two months earlier, he noted that seized petrol was sold to the public in Yola, Adamawa State, at the regulated price. Specifically, 25-liter kegs of petrol were auctioned at ₦10,000 each.
He added that legal proceedings against a suspect apprehended during that operation were already underway.
Ejibunu urged Nigerians to support the Nigeria Customs Service by providing information on economic saboteurs, pledging the agency’s dedication to curbing smuggling under the directive of the Comptroller General.
He further explained that a collaboration between the Oyo/Osun Area Command and the Commander of Operation Whirlwind to enhance security, strengthen the economy, and deter smuggling.
News
85 Chinese accused of cybercrime released on bail
Eighty-five Chinese nationals who were remanded at Kuje Custodial Centre in Abuja over alleged cybercrime have been released on bail, Sunday PUNCH has gathered.
The spokesperson for the Nigerian Correctional Service, Federal Capital Territory Command, Adamu Duza, who disclosed this to our correspondent said the Chinese were released on Friday, December 20, 2024.
The suspects were part of a group of 113 foreign nationals arraigned before the Federal High Court, Abuja, on November 24, 2024 on charges of cybercrime, money laundering, and unlawful residency in Nigeria.
The group includes individuals from Vietnam, Thailand, Indonesia, Brazil, the Philippines, Myanmar, and Malaysia, as well as 17 Nigerian collaborators.
Justice Ekerete Akpan, who presided over the case, had initially ordered the remand of the male defendants at Kuje prison and female defendants at Suleja prison.
The charges stem from the allegations that the accused persons used sophisticated computer systems to facilitate hacking activities and operate fraudulent gambling platforms such as 9f.com, c2.top, and 8pg.top.
They were also accused of overstaying their business permits and remaining in Nigeria without valid residency or visas.
The suspects were arrested on November 3, 2024, in Katampe District, Abuja.
Duza confirmed to Sunday PUNCH that the release of the 85 Chinese nationals was supervised by the FCT Controller of Corrections, Ajibogun Olatubosun, to ensure all protocols were followed and their personal properties were returned.
He said, “85 Chinese in our detention facilities have been released on bail. The Controller was on ground to ensure their release and their properties intact.”
News
Yuletide: FG plans 60 buses for inter-state routes
The Federal Government is set to unveil a total of 60 buses any moment from now as part of its commitment to ease the transportation of Nigerians travelling by road during the yuletide season.
This initiative is part of an agreement signed with transport unions under the Ministry of Transportation’s free transportation programme.
The Chairman and Chief Executive Officer of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, disclosed this during an interview with Sunday PUNCH, on Friday.
On Friday, the government, through the Nigerian Railway Corporation, declared free rides for 340,000 train users travelling to their hometowns for the Christmas and New Year celebrations.
Providing further updates on the scheme, Oluwagbemi said the buses for the programme would soon be launched for the benefit of Nigerians.
He explained that the buses would transport passengers travelling between Abuja and neighbouring states, as well as to Lagos, Ibadan, Abeokuta, and other surrounding areas.
Oluwagbemi said, “There is an agreement on the mass-transit programme. You all already know that in Abuja today, we have those 15 buses running interstate from here to Gwagwalada, to Keffi and Nyanya, as well as Zuba in Niger State.
“That programme is already ongoing, and it will be expanded to interstate routes this week. So, we are going to put an additional 60 buses to run interstate here in Abuja and neighbouring states, as well as Lagos, Ibadan, and Abeokuta and neighbouring states.
“These buses will be providing free transportation till the beginning of next year as part of the Ministry of Transportation’s free transportation programme.”
Oluwagbemi also stated that the government planned to reduce transportation costs by converting cab drivers’ vehicles to CNG by the end of January 2025.
He added, “We signed a number of those agreements, but mainly two types of agreements, the transporters-vehicle agreement, where we are converting their vehicles.
“I believe a lot of them are now converted and before the end of January, they should be able to apply those discounts when they reach the benchmark targets.”
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