Mary Ogbe, Permanent Secretary of the Federal Ministry of Solid Minerals Development, announced that Nigeria’s solid minerals sector has exceeded its revenue target of N10 billion for 2024, achieving this milestone by September 2024. This information was shared during the Nigeria Mining Week in Abuja, where she highlighted the government’s commitment to developing the industry.

Ogbe emphasised the significant strides made in the sector through progressive policies and regulations that are transforming Nigeria’s economic landscape. She stated, “We are not merely refining an industry, we are building a resilient and inclusive mining powerhouse that taps into the vast potential of our land and its people.”

The Permanent Secretary pointed out that the ministry, under Dele Alake’s leadership, has formed a 7-point agenda aimed at creating economic growth via mining. She expressed confidence in continued improvement in revenue generation, predicting even higher figures by the year-end.

Lolade Ososami from Udo Udoma and Belo-Osagie reiterated the need for enhanced security to increase investor confidence, stating, “We need to boost confidence locally and internationally such that at least when you have a license, you can access your site.” She also noted areas for improvement in the legislative and regulatory framework for mining.

The Nigerian solid minerals sector is experiencing significant growth, having surpassed its revenue target ahead of schedule. Commitments to robust policies and security enhancements are crucial for sustaining this growth, with emphasis on building a strong regulatory framework to attract investment and nurture local talent.

Original Source: businessday.ng

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Nasarawa Governor Abdullahi Sule has called for the deregulation of Nigeria’s mining sector to enhance its potential. Speaking at the 60th Nigerian Mining and Geosciences Society Annual Conference in Abuja, he advocated for reforms akin to those in the oil and gas industry, emphasising the need for modernization and liberalisation to attract investment.

Governor Sule highlighted Nigeria’s abundant mineral resources and criticized existing policies that impede growth. Reflecting on his oil industry experience, he underscored the importance of structured revenue-sharing and industry regulations to secure adequate returns for mining states.

During his term, he discovered that despite 416 mining licenses granted in Nasarawa, the state was receiving no significant financial returns, prompting him to challenge the National Economic Council regarding the lack of revenue compared to the oil sector. Recognising flaws in the licensing process, he issued an executive order to ensure that all minerals processed in the state before export, which boosted local investments.

He proudly noted that Nasarawa State now hosts Nigeria’s largest lithium processing plant and several other smaller tin mining operations. Governor Sule urged Nigeria to shift focus towards long-term industrialisation over short-term financial gains, drawing comparisons to China’s approach to mining development.

Sule remains determined to overcome resistance to regulations that would ultimately benefit the sector and the economy. Professor Akinade Olatunji, President of the Nigerian Mining and Geosciences Society, acknowledged the governor’s contributions to advancing mining reforms in Nigeria, culminating in a fellowship award presented to him during the event.

Governor Abdullahi Sule’s call for the deregulation of Nigeria’s mining sector underlines his commitment to modernising the industry. By improving revenue-sharing mechanisms and enforcing operational regulations, he aims to harness the nation’s mining potential for sustainable growth and investment. His proactive measures reflect a determined effort to transform the sector into a vital component of Nigeria’s economy.

Original Source: dailypost.ng

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Dr. Dele Alake, the Minister of Solid Minerals Development, regards his honorary fellowship from the Nigeria Mining and Geosciences Society (NMGS) as a sign of the federal government’s dedication to enhancing the mining sector. He emphasised that advancing this sector is a shared responsibility among various stakeholders.

Speaking at the 60th annual NMGS International Conference and Exhibition, themed “Transformation of the Mineral, Energy, Water and Construction Sectors Through Innovations,” Alake noted a global shift in mining practices towards digital technologies. He encouraged embracing these innovations to attract investment and improve productivity.

The ministry is focusing on using geospatial data and remote sensing for mineral exploration, which can reduce uncertainties and enhance investment decisions. Alake also mentioned plans for establishing mineral processing hubs to increase value and depend less on raw mineral exports.

The minister, represented by Dr. Mary Ogbe, expressed the government’s commitment to fostering a conducive environment for growth in mining. Initiatives will include enhancing regulatory frameworks, promoting research partnerships, and providing support for small-scale miners through access to funding and mechanisation.

Alake urged the NMGS to promote industry collaboration for transforming the mining sector and reaffirmed the ministry’s dedication to harnessing the nation’s natural resources for broader development. He stated an intention to create a resilient future for Nigeria’s mining and geosciences sector.

Prof. Akinade Olatunji, NMGS President, highlighted the critical role of innovation in sustainable development across various sectors. He urged for policies that optimise Nigeria’s youthful, dynamic population to drive growth, aiming to eradicate poverty through strategic transformation.

The conferment of Dr. Dele Alake as an honorary fellow of NMGS marks a significant commitment to transforming Nigeria’s mining sector through innovation and collaboration. With efforts focused on digital technology adoption, regulatory enhancements, and support for local miners, there is an optimistic outlook for sustainable development in Nigeria’s mining and geosciences. Furthermore, the NMGS conference underscored the potential of innovation in resolving challenges across multiple sectors while aiming to utilise Nigeria’s abundant resources more effectively.

Original Source: www.thisdaylive.com

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Nigeria’s Ministry of Mines and Steel Development launched the Integrated Automation and Interactive GIS Web Portal, costing N700 million, to improve mining license applications and royalty payments. However, the portal is now inaccessible, raising questions about the management of public digital services. The site experienced a blackout for three days while accessing mining license information in Osun State.

Despite its launch in November 2017 by former Minister Kayode Fayemi, who stated, “We have spent about N700 million to develop this portal to improve Ease-of-Doing-Business in the mining sector,” the portal’s current downtime defies National Information Technology Development Agency (NITDA) guidelines. These guidelines mandate government websites to be accessible 24/7.

The Ministry has been rebranded under the Tinubu administration, which may indicate system upgrades, yet NITDA guidelines require public notification during such migrations. Given this inaccessibility, users are left with unresolved concerns about transparency and reliability in government digital services, where substantial funds have been invested.

Reports show that many state-owned websites also fail to meet transparency standards. Previous analyses by the Presidential Enabling Business Environment Council have highlighted these issues. The Ministry of Solid Minerals Development has not commented on the portal’s downtime, indicating continued gaps in government accountability.

In a separate legal dispute, Omoyele Sowore defended allegations made against Fayemi, asserting the former governor’s lack of reputation and citing past charges of financial impropriety. The lawsuit has drawn attention to broader issues regarding governance in Ekiti State, including mismanagement of projects like the Ado Ekiti cargo airport and the Ekiti Rice Pyramid initiative.

The inaccessibility of Nigeria’s N700 million mining portal highlights failures in government digital service management, raising concerns about transparency and accountability. Despite significant investments in digital infrastructure, the persistent issues reveal a lack of compliance with established guidelines. Furthermore, ongoing legal troubles for former officials add to the scrutiny surrounding governance in the sector.

Original Source: saharareporters.com

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Nigeria and France have initiated actions to implement the Memorandum of Understanding (MOU) signed last month in Paris aimed at enhancing local mining development. This was discussed during the Future Minerals Forum held in Riyadh between Dele Alake, Nigeria’s Minister of Solid Minerals Development, and Benjamin Gallezot, France’s inter-ministerial delegate for strategic minerals. The MOU focuses on sustainable mining, environmental protection, and energy decarbonisation.

Gallezot mentioned that his department is evaluating applications from French companies interested in investing in Nigeria’s mining sector. A shortlist of eligible investors will be sent to the Nigerian Ministry of Solid Minerals Development. Alake acknowledged the cooperation that led to the MOU’s establishment, countering any misinformation from political opposition regarding its objectives.

The collaboration between Nigeria and France aims to boost the mining sector in Nigeria by enhancing sustainable practices and cutting environmental impact. The MOU facilitates research partnerships, student training, and rehabilitation of abandoned mining sites. This partnership arises amidst a global focus on sustainable mining and resource management, which could attract investments and modernize Nigeria’s mining infrastructure.

Both countries are committed to fostering a robust mining sector through their MOU, focusing on sustainability, advanced technology, and investor engagement. Discussions at the forum highlighted essential areas such as artisanal mining and geological exploration, paving the way for improved mining laws and practices. The collaboration is expected to generate significant positive outcomes for Nigeria’s mining landscape.

Original Source: businessday.ng

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On Wednesday in Saudi Arabia, Nigeria and France advanced their mining collaboration by discussing a Memorandum of Understanding (MOU) established in Paris. France committed to upgrading the Nigerian Geological Survey Agency’s laboratory, supplying advanced equipment, and funding geological data exploration. This meeting was attended by Nigeria’s Minister of Solid Minerals Development and France’s Interministerial Delegate for Strategic Minerals, aiming to foster cooperation and share information on mining legislation and practices between the two countries.

During discussions at the Future Minerals Forum in Riyadh, Gallezot revealed that he was evaluating applications from French companies to invest in the Nigerian sector. Minister Alake thanked Gallezot for facilitating the MOU amidst tight schedules, mentioning that political challenges regarding the MOU’s objectives have been addressed. He called the forum a pivotal opportunity for enhancing collaboration through strategic programmes and projects.

Key topics of discussion included sustainable and artisanal mining, geological exploration, and cadastre management. The Director-General of the Nigerian Geological Survey Agency expressed the critical need for modern technology to improve geological data collection and analysis. He stated that upgraded labs are essential for accurate mineral analysis.

Additionally, the DG of the Nigerian Mining Cadastral Office suggested that both nations review their mining laws to find common ground and enhance legislation. He invited the French delegation to encourage French investors to explore mining opportunities in Nigeria. The Executive Secretary of the Nigerian Solid Minerals Fund emphasised the importance of joint funding for exploration projects with French financial institutions.

France’s geological agency representative committed to including Nigeria in its capacity-building initiatives for African geologists and discussed funding for laboratory upgrades. Gallezot finalised discussions by stating that the proposals would be reviewed by the respective governments, focusing on joint exploration efforts between the geological agencies of both countries. The programme’s progress will be analysed at the upcoming annual Indaba in Cape Town, South Africa.

The collaboration between Nigeria and France reflects a growing interest in mining, which is critical to both nations. The partnership aims to enhance technological capabilities in Nigeria’s mining sector, promote sustainable practices, and ensure legal compliance. By exchanging knowledge and resources, both countries seek to maximise their mining potential while attracting foreign investments and improving local expertise.

The strengthened ties between Nigeria and France in the mining sector indicate a strategic partnership focused on efficient exploration and sustainable practices. With commitments from France to upgrade technology and funding, this collaboration could significantly enhance Nigeria’s mining capabilities and attract potential investors. Ongoing discussions will pave the way for effective implementation, with further evaluations planned in the near future at an important mining event.

Original Source: nta.ng

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In Saudi Arabia, Nigeria and France reinforced their Memorandum of Understanding (MoU) regarding mining, initially established last month in Paris. Key commitments from France include upgrading laboratories, providing advanced technology, and funding geological data exploration for Nigeria’s Geological Survey Agency. Kehinde Bamgbetan, Special Adviser to Nigeria’s Minister, announced this during the Future Minerals Forum, where the two nations also agreed to share mining law information to tackle illegal mining.

The meeting in Riyadh focused on collaboration in the mining sector between Nigeria and France. Both countries aim to enhance their mining capabilities through a detailed MoU that addresses technology transfer, training, and sustainable practices. The discussions aimed to foster investment from French companies in Nigeria’s mining sector, driving improvements and compliance with international standards in geological exploration.

The collaborative efforts between Nigeria and France aim to strengthen the mining sector through technological advancements and knowledge sharing. Key actions include upgrading facilities, training local expertise, and facilitating investments. Future meetings will evaluate the MoU’s implementation, ensuring both countries benefit from their partnership historically rooted in geological cooperation.

Original Source: theeagleonline.com.ng

The post Nigeria and France Enhance Mining Cooperation in Saudi Arabia first appeared on Nigerian Mining News.

Nigeria and France have solidified their partnership following the signing of a Memorandum of Understanding (MOU) in Paris. In a recent meeting at the Future Minerals Forum in Riyadh, both countries agreed on France upgrading Nigeria’s geological laboratories and providing advanced technology.
Nigeria’s Minister of Solid Minerals Development, Dr Dele Alake, and France’s Benjamin Gallezot discussed information exchange on mining laws and illegal mining. Gallezot indicated that they are evaluating French companies interested in investing in Nigeria’s mining sector.
Dr Alake expressed gratitude for the MOU established during President Bola Tinubu’s visit to France. The forum was pivotal for advancing collaboration between Nigeria and France in mining through effective programmes and policies.
Professor Olusegun Ige highlighted the need for advanced technology for geological exploration, which has suffered due to equipment shortages. He advocated for the development of local expertise through international training in mining.
Engr Simon Nkom urged a comparative analysis of mining laws in both countries to facilitate improvements. Hajiya Fatima Shinkafi proposed a co-funding model for early-stage exploration projects with French financial institutions.
Christophe Poinssot from France’s geological agency pledged Nigeria’s inclusion in Africa’s geological training funding program, having benefited over 1,000 geologists in the past. He also confirmed plans to improve Nigeria’s geological laboratory facilities to international standards.

The article discusses the strengthened collaboration between Nigeria and France in the mining sector, particularly focusing on technological upgrades and investment opportunities. It outlines the commitments established through a recent MOU aimed at enhancing Nigeria’s mining capabilities and expertise through training and resource sharing. By facilitating advanced technology and fostering cooperation on legal frameworks, both countries aim to bolster their mining industries.

In summary, Nigeria and France have formed a robust partnership to enhance the mining sector through advanced technology, training, and legal exchange. The ongoing collaboration aims to improve geological exploration and attract investments from French companies. Joint efforts are expected to yield significant benefits for both nations, facilitating mutual growth in the mining industry.

Original Source: blueprint.ng

The post Nigeria and France Enhance Mining Collaboration Through MOU first appeared on Nigerian Mining News.

Nigeria and France have strengthened their partnership in the mining sector by committing to upgrading Nigeria’s geological infrastructure and enhancing technology transfer. The commitments made include upgrading Nigeria’s geological laboratories, providing advanced equipment, and funding geological data exploration for the Nigerian Geological Survey Agency.

During a meeting at the Future Minerals Forum in Riyadh, both countries discussed strategies to improve Nigeria’s geological infrastructure and promote sustainable mining practices. Minister of Solid Minerals Development, Dr Dele Alake, and France’s Interministerial Delegate for Strategic Minerals, Benjamin Gallezot, led the discussions.

This collaboration follows an earlier memorandum of understanding established during President Bola Tinubu’s visit to France, aimed at promoting critical minerals and diversifying the value chain. Both nations also agreed to share information on mining laws to combat illegal mining and facilitate collaboration.

Gallezot revealed that French companies are being screened for potential investments in Nigeria’s mining sector, with plans to present credible investors to the Nigerian Ministry of Solid Minerals Development. Alake praised Gallezot’s efforts in finalising the MoU and highlighted the need for policies to solidify cooperation.

Key focus areas included sustainable mining practices, artisanal mining, geological exploration, and funding. Professor Olusegun Ige of the NGSA stressed the importance of modern technological equipment for effective exploration.

Training and skills transfer were emphasised, with the aim to develop local expertise aligned with international standards. Simon Nkom from the Nigerian Mining Cadastral Office underscored the need to review mining laws and enhance collaborative practices between Nigeria and France.

Hajiya Fatima Shinkafi proposed co-funding opportunities for early-stage exploration projects in collaboration with French financial institutions. Christophe Poinssot from the French geological agency confirmed Nigeria would benefit from capacity-building funding for geologists, along with laboratory upgrades to meet international standards.

Gallezot concluded that the proposals discussed will be forwarded to respective governments for evaluation and execution planning, with joint exploration initiatives on specific minerals expected to strengthen the data database. Both parties agreed to review progress at the upcoming annual Indaba in Cape Town.

The strengthening of mining ties between Nigeria and France reflects a commitment to enhance the mining sector’s efficiency and sustainability. Both nations are working towards improving geological infrastructure and sharing expertise to bolster investments in Nigeria’s mining industry. This collaboration follows a memorandum of understanding aimed at diversifying and promoting critical minerals, crucial for both countries’ economic development and sustainability efforts.

The commitments made between Nigeria and France mark a significant step in enhancing the mining sector. By investing in geological infrastructure and promoting knowledge exchange, both countries aim to leverage their resources efficiently. The continued collaboration will likely lead to improved mining practices and sustainable development in Nigeria’s mineral-rich areas.

Original Source: punchng.com

The post Nigeria and France Enhance Mining Cooperation with New Commitments first appeared on Nigerian Mining News.

Nigeria and France have bolstered their partnership in the mining sector with a recent Memorandum of Understanding (MoU) signed last month in Paris. During discussions at the Future Minerals Forum in Riyadh, both countries outlined plans to enhance Nigeria’s geological framework, facilitate technology transfers, and promote sustainable practices in mining.

Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, and Benjamin Gallezot, France’s Interministerial Delegate for Strategic Minerals, led their teams in talks to align policies, share expertise, and enhance investment opportunities in Nigeria’s mining landscape.

A statement from Hon. Kehinde Bamigbetan revealed France’s commitment to providing advanced technological support, funding for geological data exploration, and upgrading the Nigerian Geological Survey Agency’s laboratory to meet international standards.

Dr. Alake acknowledged Gallezot’s efforts in advancing the Completion of the MoU during a prior meeting between Nigerian President Bola Tinubu and French President Emmanuel Macron, expressing optimism for tangible outcomes in geological exploration and mining reforms.

Gallezot announced that his department is compiling a list of vetted French firms interested in investment opportunities in Nigeria, which will be sent to Nigeria’s Ministry of Solid Minerals Development shortly.

Christophe Poinssot from France’s BRGM noted that Nigeria would receive dedicated funding to enhance geological capacity in Africa, including upgrading local laboratories and training programs.

Professor Olusegun Ige from the NGSA highlighted the urgency for modern equipment to boost mineral exploration in Nigeria, advocating for international partnerships to facilitate skill and knowledge transfer.

Engineer Simon Nkom, from the Nigerian Mining Cadastral Office, urged for a comparative review of mining regulations between Nigeria and France to identify best practices. He also invited French investors to seize opportunities from the MoU.

Hajiya Fatima Shinkafi from the Nigerian Solid Minerals Development Fund suggested collaborative funding for early exploration initiatives with French banks, noting previous successful partnerships with the Africa Finance Corporation.

The parties agreed to foster collaborative geological exploration and database development, with Gallezot indicating that proposals would be reviewed by the French government before finalising strategies at the upcoming Mining Indaba in Cape Town.

This renewed collaboration between Nigeria and France aims to enhance investments, build capacities, and exploit Nigeria’s mineral wealth, positioning the mining sector as a key player in Nigeria’s economic diversification.

The recent partnership between Nigeria and France aims to enhance the capabilities of Nigeria’s mining sector through a MoU. By attending the Future Minerals Forum, officials from both nations focus on sustainable mining practices, technology transfers, and geological capacity-building initiatives. This collaboration seeks to attract French investment into Nigeria’s resource-rich areas, promoting job creation and economic growth.

The collaboration between Nigeria and France in the mining sector represents a strategic move to enhance geological infrastructure and attract investment. The MoU lays the groundwork for advanced technological support, sustainable practices, and international partnerships that will bolster Nigeria’s mining framework and realise its mineral potential.

Original Source: tribuneonlineng.com

The post Nigeria and France Enhance Mining Sector Collaboration Through MoU first appeared on Nigerian Mining News.