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FG woos foreign mining investors with lower production cost
Joel Ajayi
Cutting red tapes which slow business transactions and improving the security of mining operations are among fresh commitments unfolded by Nigeria’s Minister of Solid Minerals Development, Dr. Oladele Alake at the Mines & Money Conference which opened in London, United Kingdom on Tuesday.
Addressing global stakeholders in the mining industry, Alake, in the 15-minute speech pitched for more investment in Nigeria listing unique advantages such as lower production cost due to surface mining and billions of dollar untapped minerals.
He quoted recent reports by audit firm KPMG which reported that mining’s contribution to Nigeria’s GDP rose from 0.3 percent to 0.85 percent last year, indicating 0.63 percent year on year growth.
His words: “The country’s geological bounty encompasses over 44 distinct mineral types, found in exploitable quantities across more than 500 locations. Recently, recognizing the evolving global landscape and in response to emerging trends, Lithium has been included as a crucial strategic mineral of global consequence.”
Dr. Alake said the administration of President Bola Tinubu has embarked on reforms to boost investment by streamlining procedures and reducing hurdles to attract foreign investors.
Showcasing recent progress in creating conditions for solid minerals development, Dr. Alake highlighted fresh data revealed by the Airborne Geophysical Survey, memorandum of understanding with German firm Geoscan to gather more data on solid minerals across the country and access to finance through a new funding facility launched by the Africa Finance Corporation and the Solid Minerals Development Fund.
The minister reminded the global mining community of the Federal Government ‘s policies on how mining operations must benefit the communities and lead to processing instead of wholesale export of raw minerals.
“ Nigeria is currently emphasizing Solid Minerals Beneficiation and Value-Addition as a panacea for quick and sustainable growth of the Mining Industry…By adding value to our raw materials, we not only create higher value products but also generate employment opportunities for our teeming youth and increase the sector’s overall profitability and contribution to the nation’s GDP”, he said
Dr. Alake urged investors to support socio-economic development of the communities where they mine to make mining mutually beneficial.
Citing the recent launch of the revised guidelines for Community Development Agreement which provides for social amenities, educational support, health and safety environmental facilities.
Featured
NAPTIP Restates Commitment To Fighting Human Trafficking
Joel Ajayi
… decries corruption in law enforcement, weak legislation
The Director-General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Prof. Fatima Waziri-Azi, has pledged the agency’s commitment to fight human trafficking.
Waziri-Azi gave the assurance during an anti-corruption radio program, PUBLIC CONSCIENCE, produced by the Progressive Impact Organization for Community Development, PRIMORG, in Abuja.
The commitment by NAPTIP follows an investigative report by Human Angle Media exposing how many Nigerians trafficked to Egypt are inhumanely treated and exploited by their sponsors.
Represented by the agency’s Director of Public Enlightenment, Mrs. Kehinde Akomolafe, decried the rising number of Nigerians who are victims of trafficking, pledging that “NAPTIP is fighting on all sides to curb human trafficking.”
Akomolafe disclosed that the agency is aware of the report of Nigerians trafficked to Egypt and has already commenced interventions to rescue them while warning citizens to be wary of “offers that are too good to be true.”
She identified weak legislation, lengthy judicial processes, and corrupt law enforcement officials as factors aiding and abetting trafficking in Nigeria and elsewhere in the world.
“Corruption is endemic and cuts across other countries of the world, and that’s why trafficking is easily perpetrated in Nigeria and around the globe. You find law enforcement officials aiding and abetting traffickers. Some of them know these traffickers from their operations either at the entry or exit point. They give them something or become too familiar with them.
“Apart from the bribery aspect, we also have officials turning a blind eye to trafficking activities, and that’s why for us at the agency (NAPTIP), we are not resting.”
According to her, the agency, from inception, secured 672 convictions, 67 in 2023, and 35 persons so far this year (2024). She added that “NAPTIP is winning the war against trafficking but still wants stiffer punishment for traffickers and the support of the judiciary in hastening cases.
“weak legislation is aiding trafficking. That’s why the agency continues pushing for amendments. Currently, NAPTIP is pushing for stiffer punishment against traffickers that will lead to confiscation of their monies and property.
“NAPTIP Director-General (Prof. Fatima Waziri-Azi) is fighting on all sides against human trafficking.
“Where law enforcement officials are found complicit, NAPTIP Director-General does not take it lightly; she doesn’t compromise her anti-corruption stance even when a staff is involved,” Akomolafe stated.
According to the Editor of Southern Operations, Human Angle Media, Kabir Adejumo, many Nigerians trafficked to Egypt engage in forced labour. They are also living in fear as authorities go after illegal immigrants.
Adejumo said victims interviewed during the investigation are willing and interested in returning home, but their sponsors refuse to release their travel passports and threaten to implicate them.
He also revealed that the NAPTIP and Nigerians in Diaspora Commission (NIDCOM) are aware of the plight of Nigerians trafficked in Egypt and have currently rescued one person.
On her part, the Programme Manager of the Human Angle Foundation, Angela Umoro-David, expressed satisfaction at NAPTIP’s response to trafficking cases while urging the agency to stay on course with their mandate.
Umoro-David called on Nigerians to use a Freedom of Information platform (foi.humananglemedia.com) to help citizens navigate requests for public records from different government parastatals and agencies.
She stressed that the platform “is a website where people can submit their FOI requests to us (Human Angle), and we’ll submit it on their behalf to the particular agency. So we act as middlemen, connecting these government parastatals to the citizens”.
Public Conscience is a syndicated weekly anti-corruption radio program PRIMORG uses to draw government and citizens’ attention to corruption and integrity issues in Nigeria.
The program has the support of the MacArthur Foundation
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