The Nigerian Government has lifted the ban on mining exploration in Zamfara State, which had been in place for over five years due to security concerns. Minister of Solid Minerals Development, Dele Alake, announced this decision following significant improvements in the local security situation. The previous ban, enacted in 2019, was a response to the rising connection between banditry and illegal mining, leading to a significant security crisis in the state.

Alake disclosed that comprehensive assessments by President Bola Tinubu and the National Security Adviser confirmed the enhanced safety in the region, making a return to mining viable. He highlighted Zamfara’s rich resources like gold, lithium, and copper as essential for Nigeria’s economic development. The initial ban aimed to address severe security threats but inadvertently created space for illegal mining activities.

The minister praised the Tinubu government for its effective security strategies, which have notably reduced insecurity, including the successful capture of notorious bandit leader Halilu Sububu. With the ban’s removal, the government intends to better regulate mining operations, combat illegal operations, and ensure that Nigeria derives full benefit from its mineral wealth.

Alake also acknowledged the critical role the media plays in advancing mining sector reforms and attracting investments. Additionally, he clarified that a recent Memorandum of Understanding with France focuses on training and capacity building for mining professionals, not on ceding control over Nigeria’s resources. He called on the media to continue dispelling misinformation surrounding this initiative.

Future plans for 2025 include further policy initiatives to boost the mining industry, enhance investments, and ensure sustainable growth of the sector, aiming for revitalisation and increased contributions to Nigeria’s economy.

The lifting of the mining ban in Zamfara is significant as the state has faced severe security issues linked to illegal mining operations. This ban was initially implemented due to escalating violence and criminality in the region. With improved security, the government aims to enhance the mining sector’s potential to contribute economically while regulating operations to prevent illegal mining and resource depletion.

The Nigerian Government’s decision to end the mining exploration ban in Zamfara reflects improved security. This move aims to regulate mining more effectively while revitalising the local economy through its rich mineral resources. The government, backed by security improvements and media support, is focused on sustainable growth in the mining sector for the future.

Original Source: www.tv360nigeria.com

The post Nigerian Government Resumes Mining Exploration in Zamfara After Security Improvements first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dr. Dele Alake, has voiced his discontent over the drastic cut of his ministry’s proposed budget from N531 billion to N9 billion. He characterised this reduction as unacceptable while seeking an increase, though he did not specify the desired amount. Alake has formally protested to the National Assembly, asserting that the current allocation is insufficient to unlock Nigeria’s mining potential and that such limitations would stifle potential investments vital for exploration and growth in the sector. Furthermore, he highlighted that the 2024 revenue projections exceeded expectations, generating N38 billion, thus demonstrating the capacity for growth in the mining sector despite the minimal budgetary support.

The significant reduction of Nigeria’s mining sector budget poses a serious challenge to its economic diversification efforts, as it heavily relies on oil revenue. The proposed cut could undermine ongoing reforms and achievements within the mining industry. Recent figures indicated that reforms helped create 45,000 jobs and exceeded revenue expectations. The government, represented by the Minister and the Joint National Assembly Committee on Solid Minerals, expresses concerns about the implications of such a minimal budget and its impact on future investments and sustainable economic growth.

The drastic cut in the mining sector budget has spurred considerable backlash from the Minister and legislative committees, who argue that it threatens the future potential of Nigeria’s solid minerals industry. With calls for a budget increase, the focus remains on ensuring significant investments for exploration to sustain economic diversification beyond oil reliance. Concerns about job creation and revenue generation continue to be pivotal in discussions surrounding the budget allocation for the mining sector.

Original Source: 21stcenturychronicle.com

The post Minister Decries Cutting Nigeria’s Mining Sector Budget to N9 Billion first appeared on Nigerian Mining News.

Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, has expressed strong discontent regarding the drastic reduction of his ministry’s proposed capital budget for 2025 from N531 billion to a mere N9 billion. He articulated his concerns on social media, highlighting that such cuts would severely limit investments necessary for unlocking Nigeria’s mining potential. The minister reported that while mining reforms generated 45,000 new jobs in 2024 and revenue surpassed projections, the current allocation is woefully inadequate for critical exploration activities.

Alake, alongside the Joint National Assembly Committee, emphasised that the N9 billion budget fails to meet the essential financial requirements for fostering significant investment in the mining sector, crucial for Nigeria’s economic diversification. Both Committee Chairman Senator Ekong Sampson and Co-Chairman Gaza Gbefwi joined in condemning the budget reduction as a blow to the country’s capacity to generate revenue. Gbefwi warned against compromising future generations by neglecting such promising sectors as solid minerals.

Senator Natasha Akpoti-Uduaghan suggested halting budget screenings until a proper increase is made. Consequently, the Joint Committee rejected the proposed budget and invited relevant ministers to push for a review that would unlock Nigeria’s mineral resource potential further.

This reflects a broader push for better budgetary support that aligns with the nation’s need for economic diversity beyond oil, framing solid minerals as a cornerstone of this transition.

Dr. Dele Alake stated, “This is unacceptable, as it will hinder any significant investment in exploration… We seek the support of the National Assembly for a radical upward review of the budget.” – 21st Century Chronicle.

The ongoing discussions signal an urgent need for investment in Nigeria’s mining sector to facilitate long-term economic gains and employment opportunities, as well as to increase national revenues.

– Key Points:
1. The proposed capital budget for the mining sector for 2025 is dramatically reduced.
2. Minister Dele Alake and the Joint Committee call for an upward review of the budget.
3. There is a push for increased investment in Nigeria’s mining to drive economic diversification.
4. Critics of the budget cuts see them as detrimental to future generations and growth in the sector.

– Conclusion:
Minister Alake’s dissatisfaction with the N9 billion budget underscores critical gaps in funding necessary for the advancement of Nigeria’s mining infrastructure and workforce development. The rejection by the Joint Committee encapsulates the urgent call for reassessment of priorities to safeguard the future economic health and potential of the nation through solid minerals.

This article discusses the ongoing issues within Nigeria’s mining sector, particularly focusing on a significant budget reduction proposed for 2025. The Minister of Solid Minerals Development, Dr. Dele Alake, has vocalised concerns regarding this cut, seeing it as a hindrance to the potential growth and exploration needed in the industry. The background discusses Nigeria’s reliance on oil, the recent jobs created through mining, and the importance of solid minerals in economic diversification.

The situation highlights the urgent need for increased support and investment in Nigeria’s mining sector. Minister Alake’s statements, alongside the condemnation from the Joint Committee, reflect a clear consensus on the necessity for a budget review to secure the future economic sustainability of the country based on its mineral resources.

Original Source: 21stcenturychronicle.com

The post Minister Rejects Dramatic Cuts to Nigeria’s Mining Budget first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dr. Dele Alake, has expressed strong disapproval of the N9 billion budget allocated for Nigeria’s mining sector in 2025, calling for a significant increase. In a post on X, Alake argued that this financial allocation is insufficient to harness the country’s mining potential, despite the sector generating N38 billion in revenue in 2024, exceeding an initial projection of N11 billion. He emphasised that to secure substantial investments in exploration activities, an upward review of the budget is essential.

Alake pointed out the success of mining reforms in 2024, which resulted in 45,000 new jobs and enabled Nigeria to attract global attention in the sector. He asserted that the N9 billion budget would severely limit exploration efforts and hinder necessary geo-data generation to engage major investors. Furthermore, the Joint National Assembly Committee on Solid Minerals has also rejected the proposed budget, advocating for increased funding to promote solid minerals as a critical component of economic diversification. Committee Chair Senator Ekong Sampson highlighted the crucial need for investment in exploration to facilitate Nigeria’s green energy transition.

Nigeria is Africa’s leading energy producer but struggles to leverage its mineral resources effectively, contributing less than 1% to its GDP. Persistent challenges include inadequate incentives, rampant illegal activities, and low investment levels. The country aims to diversify its economy and harness the potential of its solid minerals sector, which is viewed as key for future economic stability and growth. Recent reforms demonstrated the possibility of job creation and revenue generation, but the budgetary allocation needs considerable enhancement to facilitate further progress.

In summary, Dr. Dele Alake’s call for an increased budget for Nigeria’s mining sector underscores the necessity of substantial investment for exploration and growth. With the Joint National Assembly Committee echoing his concerns, there is a growing consensus on the urgent need for policy adjustments to ensure Nigeria capitalises on its mineral wealth and drives economic diversification away from oil dependency. Without adequate funding, opportunities for future generations may be severely compromised.

Original Source: nairametrics.com

The post Dele Alake Critiques N9 Billion Mining Budget, Advocates for Increase first appeared on Nigerian Mining News.

Since President Bola Tinubu took office on May 29, 2023, significant efforts have been made to enhance Nigeria’s mining sector as part of his wider strategy to diversify the economy. Acknowledging Nigeria’s wealth in critical minerals vital for global energy transition, Tinubu’s administration faces the challenge that despite possessing 44 commercially viable minerals, the sector has historically underperformed in contributing to GDP.

Minister of Solid Minerals Development, Dele Alake, declared a state of emergency upon his appointment. He linked illegal mining operations to funding for banditry, hampering revenue potential. In response, the government implemented a combination of law enforcement and cooperative incentives. A dedicated security unit known as the Mining Marshals was created to ensure protection and legality in mining activities, resulting in the arrest of over 300 illegal miners. Additionally, 250 cooperatives were initiated to formalise artisanal miners’ operations.

Key policies introduced include the Value Addition Policy, designed to require mining companies to present value-adding initiatives before obtaining licences. This is supported by the inauguration of a state-of-the-art laboratory for geochemical analysis, intended to improve exploration initiatives. Recent developments include a lithium processing laboratory and a tin processing plant, signalling progress in mineral processing capabilities.

July 2024 saw the introduction of increased rates and charges for mining activities, aimed at enhancing the sector’s economic contribution and improving infrastructure. The revocation of 924 dormant mining licences aims to clean the industry and boost foreign investment. While NAITI reports GDP contributions increased from N1.66 trillion in 2022 to N1.76 trillion in 2023, there is consensus that further improvements depend on addressing state interference and over-regulation.

The government’s decision to lift the mining exploration ban in Zamfara is also seen as a step towards revenue recovery. Stakeholders advocate for mandatory local content usage in oil and gas industries to enhance national revenue further. Upcoming mining conferences underline the need for technological advancements and collaborative efforts to reinforce the sector’s growth.

While optimism surrounds Tinubu’s reforms, stakeholders emphasise the importance of consistent and actionable policies in achieving sustainable progress. The minister mentioned plans for further reforms in 2025 to build on 2024’s achievements.

Nigeria’s mining sector, endowed with 44 commercially viable minerals, has historically played a minimal role in national GDP despite its potential. President Bola Tinubu’s administration has initiated efforts to revitalise the sector, focusing on addressing illegal mining’s impact on security and economic performance. This sector transformation aims to pivot Nigeria’s economy away from a mono-cultural reliance on oil, leveraging solid minerals for sustainable growth and stability.

The revitalisation of Nigeria’s mining sector under President Tinubu aims to elevate its economic contribution by addressing illegal activities and promoting value addition. Key strategies involve both coercive measures to enforce legality and initiatives to formalise artisanal operations. Despite initial progress reflected in GDP growth, overcoming structural challenges and ensuring effective policy implementation will be crucial for long-term success and development in the sector.

Original Source: nannews.ng

The post Transforming Nigeria’s Mining Sector: Progress Under Tinubu’s Administration first appeared on Nigerian Mining News.

Nigeria has lifted a five-year suspension on mining activities in Zamfara state, allowing exploration to resume in a region rich in gold, lithium, and copper. The ban, imposed in 2019 due to rising violence from bandit attacks, crippled the local mining sector. Minister of Mines and Steel Development, Dele Alake, attributed the lifting of the ban to enhanced security measures. These improvements are expected to help formalise the mining industry and contribute to government revenues as illegal mining had escalated during the suspension.

Zamfara’s mining potential is significant, but it has suffered from rampant insecurity and illegal activities amidst the ban. The Nigerian government aims to diversify its economy, heavily reliant on oil exports, by strengthening the mining sector, which currently contributes less than 1% to GDP. Initiatives include revoking inactive mining licenses, establishing a national mining company with foreign investment, and limiting unprocessed mineral exports. Recent agreements with international partners further aim to enhance Nigeria’s mining capacity.

The mining sector in Nigeria has faced substantial setbacks due to security issues, especially in Zamfara state, a key mining region. The 2019 suspension of mining exploration was a response to rampant banditry and violence that compromised safety and regulatory compliance. With the current government under pressure to diversify the economy from oil dependency, revitalising the mining sector presents a vital opportunity for economic growth and stability.

The lifting of the ban on mining explorations in Zamfara is a pivotal step towards restoring order in the mining sector, contributing to economic diversification and enhancing state and national revenues. With improved security and international collaboration, Nigeria aims to transform its mining industry, which could play a significant role in the national economy moving forward.

Original Source: www.chemanalyst.com

The post Nigeria Resumes Mining in Zamfara After Five-Year Suspension first appeared on Nigerian Mining News.

Nigeria has lifted its five-year mining ban in Zamfara State, a decision prompted by improved security conditions. Initially imposed in 2019 due to significant bandit attacks, the ban had left the state’s rich deposits of gold, lithium, and copper underutilised. Mining Minister Dele Alake credited enhanced security efforts for this turnaround and emphasised the region’s vast natural resources that could greatly boost national revenue. In a bid to diversify its economy, which heavily relies on oil, Nigeria aims to amplify the mining sector’s contribution, currently less than 1% of GDP, through reforms designed to attract investors.

The mining ban in Zamfara State, which lasted five years, was a response to increasing violence and instability linked to banditry. The region is known for its mineral wealth, including significant reserves of gold, lithium, and copper. Nigeria’s intended shift towards diversifying its economy from a predominant oil dependency underlines a national strategy to enhance other sectors, including mining. This lifting of the ban and reforms represent a critical step in revitalising the industry and attracting foreign investment.

In conclusion, lifting the mining ban in Zamfara State marks a significant development in Nigeria’s efforts to exploit its rich mineral resources and reduce its reliance on oil. With enhanced security and strategic reforms to attract investment, the country is positioned to enhance the role of the mining sector in its economy, aiming for greater contributions to GDP and national revenue.

Original Source: www.africa.com

The post Nigeria Ends Five-Year Mining Ban in Zamfara Amid Security Improvements first appeared on Nigerian Mining News.

Nigeria has lifted the five-year mining ban in Zamfara State following improvements in security, as announced by the Minister of Mining, Dele Alake. The ban, which was implemented in 2019 due to escalating bandit attacks, had stifled access to significant resources like gold, lithium, and copper. Alake noted the enhanced security measures have enabled the state to utilise its wealth of natural resources, which could greatly enhance Nigeria’s financial contributions beyond its heavy reliance on oil.

Zamfara State, rich in minerals, faced a ban on mining activities starting in 2019, primarily due to rising violence and insecurity from banditry. The government’s renewed focus on security has led to a reassessment of conditions in the region, prompting officials to reopen mining to harness the state’s mineral wealth. This move aligns with Nigeria’s broader strategy to diversify its economy and lessen dependence on oil, which presently dominates its GDP.

The lifting of the mining ban in Zamfara represents a significant step in unlocking the state’s mineral potential, which could lead to increased national revenue. Committed to reforming the mining sector, Nigeria aims to attract more investors and enhance its economic framework, thereby fostering a more resilient economy beyond oil dependency.

Original Source: iafrica.com

The post Nigeria Lifts Mining Ban in Zamfara State Amid Improved Security first appeared on Nigerian Mining News.

TIMADIX GEOMIN CONSULT LTD has issued a firm rebuttal against allegations of illegal mining made by the Nasarawa State Government, specifically targeting the actions of the Environment Commissioner. The company claims that they possess legitimate mining licenses while the state has unlawfully permitted Chinese nationals to operate on the same site. Tim Eldon, the Managing Director, highlighted the company’s adherence to laws and regulations, having secured necessary permits from the Federal Ministry of Solid Minerals Development.

Eldon condemned the Nasarawa State Government for infringing upon federal mining authority, stating their actions undermine the rule of law. To demonstrate transparency and counter misinformation, TIMADIX released documentation for their Small-Scale Mining License (SSML 60269) and Exploration License (EL 36528). Moreover, the company reaffirmed its compliance with statutory taxes and charges while urging the empowerment of local firms to enhance economic benefits for communities.

The company advocates for transparent foreign investments, condemning any corrupt practices that disadvantage local stakeholders. TIMADIX has called for federal intervention to tackle the disruptive and illegal activities initiated by the state, which they believe threaten legitimate mining efforts and community stability. The commitment to lawful operations and local development remains unwavering, stressing the importance of lawful channels in foreign investment arrangements.

In conclusion, TIMADIX GEOMIN CONSULT LTD aims to clarify its position amidst allegations by the Nasarawa State Government. The company’s commitment to legality and community development is paramount, and they call for immediate action against illegal mining practices that diminish local trust and economic growth.

Nasarawa State Government has faced criticism for allegedly issuing mining licenses to foreign entities without regard for existing local operations. This has raised concerns about the legality of such actions in relation to the federal law governing mining in Nigeria. TIMADIX GEOMIN CONSULT LTD, a local mining company, asserts that it has complied fully with these legal requirements and views the state government’s actions as a direct violation of their operational rights and federal regulations. The situation highlights the tension between state interests and federal authority in the mining sector in Nigeria.

TIMADIX GEOMIN CONSULT LTD challenges the Nasarawa State Government’s allegations of illegal mining, emphasizing its legal compliance and transparency through the publication of its licenses. The company is firmly against any corrupt practices that harm local economies and urges federal authorities to act against state-level violations. Their ongoing commitment to lawful mining practices and community benefit remains strong, advocating for the integrity and growth of Nigeria’s mining sector.

Original Source: dailypost.ng

The post TIMADIX GEOMIN Challenges Nasarawa State Mining Allegations, Upholds Legitimacy first appeared on Nigerian Mining News.

Timadix Geomin Consult Ltd has publicly refuted allegations of illegal mining raised by the Nasarawa State Government. The company, led by Managing Director Tim Eldon, claims that the Commissioner of Environment unlawfully issued mining licences to Chinese nationals on land where Timadix already holds valid permits. Eldon affirmed that the company has met all legal requirements, securing necessary licences from the Federal Ministry of Solid Minerals Development and local authorities, emphasising compliance with federal mining regulations.

In a statement released on December 22, 2024, Eldon stated that the Nasarawa State Government’s actions violate federal law, which grants mining jurisdiction solely to the federal government. He accused state officials of spreading misinformation to damage the company’s reputation while launching a call for transparency by releasing its mining licences, including the Small-Scale Mining License and Exploration License. Timadix insists that these irregular activities by the state government not only disrupt their operations but also harm local communities and discourage legitimate investments.

The company reiterated its commitment to lawful operations, stating it is up to date on all mining-related taxes and fees. With concerns over the Nasarawa Government’s preference for foreign interests at the expense of local firms, Eldon urged the federal government to promote local mining enterprises to bolster Nigeria’s economy. He emphasised the necessity of lawful and transparent foreign investment while condemning corrupt practices that exploit local resources. Timadix has requested immediate intervention from federal authorities to address the situation and restore legality in the mining sector, reaffirming its dedication to benefiting host communities and the nation.

Timadix Geomin Consult Ltd is a fully indigenous mining company in Nigeria, asserting its legal right to operate within the Nasarawa State region. The company’s response comes amid emerging allegations from the state government regarding illegal mining activities. The context includes concerns over foreign investments in Nigeria’s mining sector and the implications of local governance on resource management, transparency, and community impact.

Timadix Geomin Consult Ltd stands firm in its adherence to legal mining practices in Nigeria, countering allegations from the Nasarawa State Government with evidence of compliance and legitimate licensing. The company highlights the importance of safeguarding local interests against potentially corrupt foreign influences and calls for federal support to ensure a fair and lawful mining environment that benefits Nigeria’s economy and communities.

Original Source: dailypost.ng

The post Timadix Publicly Rejects Nasarawa Government’s Illegal Mining Allegations first appeared on Nigerian Mining News.