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 Nigerian Federal Government aims to rejuvenate the economy through global mining partnerships. Minister of State Finance, Dr. Doris Uzoka-Anite, represented Nigeria at the Future Minerals Forum (FMF) in Riyadh, highlighting the country’s rich resource wealth and readiness for collaboration with investors. She stated, “With our rich resource base and a renewed focus on innovation, sustainability, and investment, we are positioning Nigeria as a leader in the global minerals and energy landscape.’

Uzoka-Anite, accompanied by Minister of Solid Minerals, Mr. Dele Alake, showcased Nigeria’s openness to business at the FMF. The forum attracted over 14,000 participants from 178 countries, allowing Nigeria to present its resource potential to the global community. This initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda to stimulate economic growth through strategic partnerships.

Manga reported that the FMF has been pivotal for Nigeria in promoting economic advancement via mining collaborations. The Minister had discussions with Saudi officials and industry leaders, presenting Nigeria’s mining sector as an attractive investment destination. A joint session with the Saudi Ministry of Energy explored partnership opportunities in energy and mining, reinforcing Nigeria’s appeal as a preferred partner.

These engagements are aimed at strengthening economic ties between Nigeria and Saudi Arabia while highlighting Nigeria’s untapped resource potential. The Federal Government is committed to fostering partnerships that drive investment and innovation in the mining sector, welcoming global investors to explore these opportunities.

The article discusses Nigeria’s efforts to enhance its economy through international mining partnerships. It illustrates the government’s active participation in global forums to attract investments. The emphasis is on collaboration, resource management, and solidifying Nigeria’s position as a leader in mining and energy sectors, reflecting a strategic approach to economic revitalization.

The Nigerian government is prioritising global partnerships in mining to stimulate economic growth, backed by the participation of top officials at international forums. Efforts to showcase Nigeria’s resources are coupled with a commitment to innovation and sustainability, inviting international investors to explore and invest in the country’s mining sector. This approach is part of a broader initiative to enhance economic prospects through collaborative efforts.

Original Source: tribuneonlineng.com

The post Nigeria Pursues Global Mining Partnerships to Revitalise Economy 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.

In 2024, Nigeria faced a troubling series of mine collapses, which left many miners trapped and resulted in significant casualties. Key incidents occurred in Galkogo, Adamawa, and Plateau states, with at least 22 fatalities reported. The disasters have been primarily attributed to illegal and artisanal mining practices, which often disregard safety regulations and utilise outdated equipment. The Nigerian Minister of Solid Minerals Development, Dele Alake, indicated a lack of expertise among artisanal miners, calling for urgent reforms in the sector to enhance safety and attract investment. With President Bola Tinubu aiming for the mining sector to contribute significantly to the economy, stakeholders advocate for better regulation and compliance, training for miners, and robust emergency preparedness measures.

To mitigate future disasters, experts suggest enforcing stricter operational standards and ensuring adequate resources for regulatory bodies. The Minister has highlighted that local authorities need to increase monitoring of illegal mining activities. Encouraging cooperative formations among miners to gain legal status and access support will facilitate safer practices. However, rising poverty and out-of-school children in mining areas present ongoing challenges to safety and livelihoods. Continued efforts towards enhancing regulations, improving living conditions, and addressing illegal mining practices are critical for the sector’s sustainable growth.

The mining industry in Nigeria has been plagued by a series of safety incidents, primarily resulting from illegal mining activities that ignore essential safety practices and regulation. In 2024, the country saw several significant mine collapses, leading to fatalities and injuries among miners, highlighting the urgent need for reforms. Experts stress that improving the sector’s regulatory framework and providing proper training and resources for miners is essential for preventing further tragedies. Additionally, the government aims to revitalise this sector to make a substantial contribution to the national economy.

The recent mine collapses in Nigeria underscore the urgent need for comprehensive reforms in the mining sector. Addressing illegal mining practices, enhancing safety regulations, and investing in regulatory bodies are essential steps for protecting miners. Stakeholders also highlight the significance of improving socio-economic conditions to reduce reliance on dangerous mining jobs. With continued governmental focus and cooperative efforts from miners, there is potential for a safer and more sustainable mining industry in Nigeria.

Original Source: blueprint.ng

The post Addressing Nigeria’s Mine Collapse Crisis: Urgent Reforms Needed first appeared on Nigerian Mining News.

In 2024, Nigeria faced a series of tragic mine collapses, resulting in numerous injuries and fatalities. Notable incidents occurred at Galkogo in Niger state, Gashaka-Gumti National Park spanning Adamawa and Taraba states, and in Plateau, where dozens of miners were buried or lost their lives. These disasters largely stem from artisanal and illegal mining, marked by inadequate safety measures, outdated equipment, and a lack of professional oversight. Dele Alake, Minister of Solid Minerals, highlighted the urgent need for improved regulations and enforcement within the industry to prevent further tragedies. The government aims to enhance the sector’s contribution to GDP while tackling illegal mining.

Experts advocate enforcing mining standards and enhancing regulatory capacity. The government is urged to bolster safety compliance and invest in training for miners. Local authorities are called to increase surveillance against illegal activities. Additionally, addressing Nigeria’s poverty rates is crucial, as economic desperation fuels unsafe mining practices. Overall, a collaborative effort is necessary to revitalise the mining sector, ensuring safety while expanding its economic potential and reducing fatalities from collapses.

Several major mining incidents in Nigeria in 2024 highlighted the dangers posed by artisanal and illegal mining practices. These occurrences point to a systemic failure in safety enforcement, professional training, and equipment standards in the mining sector. The current administration seeks to reform and revitalise this sector to increase its contribution to Nigeria’s economy, amidst challenges like high poverty rates and illegal mining operations that exacerbate workers’ risks.

The crisis resulting from mine collapses in Nigeria underscores the urgent need for reform in the mining sector. By enforcing safety standards, enhancing regulatory oversight, and addressing illegal mining, it is possible to prevent future disasters. Additionally, tackling poverty and providing support to miners can improve conditions and enhance the potential contributions of the mining industry to the economy.

Original Source: nannews.ng

The post Nigeria’s Mining Crisis: Addressing Fatal Collapses and Safety Challenges 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.