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

The post Nigeria’s N700 Million Mining Portal Faces Accessibility Issues first appeared on Nigerian Mining News.

Nigeria is opening its mining sector to Venezuelan investors, a move aimed at boosting foreign investments. This initiative was discussed during the Mining Indaba in Cape Town, where Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, met with Venezuela’s Deputy Minister of Mining, Alejandro Martinez. They explored opportunities for cooperation in the mining sector to strengthen economic ties between the two nations.

Alake highlighted the need for Nigeria to diversify from petroleum, noting the global shift towards green energy and the importance of mining critical minerals like lithium and cobalt. He stated, “Nigeria focused on petroleum. Now, the world is moving to green energy. Compulsorily, we have to shift our attention to our minerals.”

Emphasising local value addition, Alake expressed Nigeria’s desire for lithium to be processed domestically to create jobs and stimulate the economy. He invited Venezuela to join a new coalition for mining countries aiming for trade and economic independence.

Martinez acknowledged the challenges faced by both oil-producing countries and expressed Venezuela’s eagerness to collaborate. He conveyed gratitude from Venezuelan President Nicolas Maduro to Nigeria’s President Bola Tinubu for support and urged investment facilitation through closer ties between the two nations.

Nigeria and Venezuela’s partnership aims to diversify economies through mining, highlighting the importance of local processing and collaboration. Both countries seek to exploit their resources sustainably, focusing on critical minerals needed for the energy transition.

Original Source: tribuneonlineng.com

The post Nigeria and Venezuela Forge Mining Partnership to Boost Economic Ties first appeared on Nigerian Mining News.

Venezuelan Deputy Minister of Mining, Alejandro Martinez, has announced that Venezuelan investors are keen to explore opportunities within Nigeria’s mining sector. This interest was conveyed during discussions with Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, at the Mining Indaba in Cape Town, South Africa. Martinez noted that Venezuelan investors, particularly those in mining machinery production, are eager to collaborate and seek assistance in facilitating visits to Nigeria for investment insights.

Minister Alake highlighted that both countries previously benefited from petroleum but now face the need to diversify into solid minerals due to global warming and economic pressures. He emphasised that Nigeria has significant mineral resources crucial for energy transition, such as lithium, cobalt, nickel, and rare earth elements. Alake stressed the importance of processing minerals locally to generate employment and economic growth.

Alake called on Venezuela to join a new coalition of nations, termed the “Super Region,” aimed at facilitating trade among member countries and leveraging shared economic challenges for collective gain. He reiterated Nigeria’s commitment to collaborating with Venezuela on mineral exploitation and ensured that any projects would focus on local value addition and sustainability. The meeting saw participation from key Venezuelan officials, including the Ambassador to South Africa, Carlos Fed Acevedo.

The collaboration between Venezuela and Nigeria in the mining sector emerges as both countries seek to diversify their economies. With a shared background in petroleum production, both nations are now facing the reality of shifting global energy demands. Venezuela’s interest in Nigeria’s mining sector comes at a time when Nigeria is keen to exploit its mineral resources to boost economic independence and local employment. This partnership presents opportunities to harness each nation’s strengths for mutual benefit, particularly in mineral processing and trade.

The engagement between Venezuelan and Nigerian officials points towards a promising partnership in the mining sector. With a strong focus on sustainable development and local value addition, both nations are committed to leveraging their mineral resources effectively. As they navigate economic diversification, initiatives like the ‘Super Region’ coalition could strengthen their cooperative efforts and enhance trade relations, ensuring growth in the increasingly important mining sector.

Original Source: punchng.com

The post Venezuelan Investors Show Interest in Nigeria’s Mining Sector first appeared on Nigerian Mining News.

Nigeria and Venezuela are exploring mining sector investment opportunities following discussions at the Mining Indaba in Cape Town. Dr Dele Alake, Nigeria’s Minister of Solid Minerals Development, highlighted the shift from petroleum to solid minerals due to global energy transitions. He stated that diversifying economies aligns with President Tinubu’s agenda, emphasising the importance of minerals like lithium and cobalt for the energy transition.

Alake expressed readiness for cooperation in mineral exploitation and trade, aiming for local processing and job creation. He invited Venezuela to join a coalition named the Super Region, designed to enhance trade among countries with similar economic goals. Venezuelan Deputy Minister Alejandro Martinez acknowledged both nations’ shared challenges and expressed interest in exploring Nigerian mining markets, seeking local investment facilitation.

Both Nigeria and Venezuela have historically relied on petroleum exports, facing economic challenges related to global climate policies. As the world shifts towards green energy solutions, both nations are now focusing on sustainable alternatives in the mining sector. The ongoing discussions signify a strategic move to explore and develop their mineral resources for economic diversification and local value addition.

The discussions between Nigeria and Venezuela signal a cooperative approach to mining, focusing on jobs and local processing of minerals. The invitation to join the Super Region coalition represents an opportunity for collaboration among countries facing similar economic challenges. Both nations are committed to leveraging their mining sectors to achieve sustainable economic growth.

Original Source: blueprint.ng

The post Nigeria and Venezuela Collaborate to Explore Mining Opportunities first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dele Alake, outlined plans to establish the Nigeria Solid Minerals Corporation, designed after the Nigeria Liquefied Natural Gas (NLNG) model. This initiative, discussed during a meeting with UK Ambassador Jonny Baxter, aims to transform Nigeria’s mining sector and ensure sustainable development through private sector involvement and government equity. Alake stated that the corporation will minimise political interference, having received presidential approval for its establishment.

Alake emphasised the government’s strategy to enhance mining accessibility by developing transport infrastructure, improving the regulatory landscape, and securing investor interests. He highlighted 2025 as a crucial year for the administration’s reform efforts, with expectations of positive outcomes emerging from these initiatives. He also encouraged UK investment in Nigeria’s mining sector and welcomed British support in improving regulatory frameworks.

Ambassador Baxter praised the plans to model the new corporation after NLNG, affirming the UK’s commitment to fostering bilateral ties in the mining industry and supporting regulatory enhancements. He expressed that Nigeria’s economic progress is vital for global economic stability.

In related news, Senator Adams Oshiomhole accused retired military generals of being behind illegal mining activities in Nigeria, calling for decisive action from the government to combat this issue.

– Dele Alake stated that the Solid Minerals Corporation will be an enduring legacy, free from future political interference.
– He noted the importance of fostering investor security and expanding geological exploration within Nigeria’s mining sector.

The establishment of the Nigeria Solid Minerals Corporation reflects the government’s intention to innovate and improve the mining sector’s efficiency and global competitiveness. By mirroring the successful NLNG structure, the initiative aims to attract private investments while ensuring effective operational frameworks free from political interferences. Support from international partners like the UK highlights the global significance of Nigeria’s mineral resources in fostering economic growth.

The establishment of the Nigeria Solid Minerals Corporation represents a sizeable shift towards enhancing the mining industry. By investing in infrastructure, improving regulations, and involving international partners, Nigeria seeks to build a sustainable and profitable mining sector. This initiative, along with addressing illegal mining, aims to ensure long-term economic benefits and global recognition for Nigeria’s mineral wealth.

Original Source: www.legit.ng

The post Tinubu’s Government Plans Solid Minerals Corporation Modelled After NLNG first appeared on Nigerian Mining News.

Dr Dele Alake, the Minister of Solid Minerals Development, announced that the Nigeria Solid Minerals Corporation will revolutionise the mining sector in Nigeria and ensure sustainable development. This initiative is backed by 50% private sector equity, 25% from Nigerians, and 25% from the Federal Government.

During a meeting with British Deputy High Commissioner Jonny Baxter, Alake revealed that the corporation will be established under the Ministry of Finance Incorporation, following the model of Nigeria Liquefied Natural Gas. He asserted, “The Solid Minerals Corporation will be an enduring legacy. No future government will be able to exert any political interference.”

Alake articulated the government’s strategy to enhance competitiveness and global recognition for the mining sector by developing transport infrastructure, improving regulations, and remediating abandoned mining sites. He also encouraged British investors to seize opportunities in Nigeria’s mining industry, citing international support as crucial for ongoing reform efforts.

Ambassador Baxter expressed support for the initiative, commending the government’s approach and affirming the UK’s commitment to strengthening Nigeria’s regulatory framework and promoting investment. He remarked on the significance of Nigeria’s economic progress for global prosperity and promised continued cooperation in mining.

The establishment of the Nigeria Solid Minerals Corporation is a major initiative aimed at revitalising Nigeria’s mining sector through a robust funding model involving various stakeholders. The corporation is designed to provide a stable platform free from political influence, fostering sustainable growth and competitiveness in the sector. The government is keen to attract domestic and international investments while modernising the regulatory framework to enhance performance and efficiency.

The announcement of the Nigeria Solid Minerals Corporation represents a significant move towards transforming Nigeria’s mining sector. With a well-structured funding model and an emphasis on sustainable practices, the government aims to create an investor-friendly environment. International support, particularly from the UK, will play a crucial role in achieving these ambitious objectives and ensuring long-term growth.

Original Source: punchng.com

The post Nigeria Solid Minerals Corporation to Revamp Mining Sector first appeared on Nigerian Mining News.

Dr Dele Alake, the Minister of Solid Minerals Development, has announced that the Nigeria Solid Minerals Corporation will overhaul the mining sector, promoting sustainable development. Funded primarily through a 50% private sector equity, along with 25% from Nigerians and 25% from the Federal Government, this initiative aims to ensure the sector’s growth without political interference.

During a meeting with British Deputy High Commissioner Jonny Baxter, Alake outlined plans for a competitive mining industry, enhancing access to mining sites via improved transport systems and regulatory frameworks. He also highlighted the intention to remediate abandoned mines, protect investors, and expand exploration to draw significant players into the market.

Emphasising 2025 as a crucial year, Alake welcomed international support for Nigeria’s reform efforts. He noted positive economic indicators stemming from these changes and expressed optimism for future prosperity. Ambassador Baxter appreciated the model based on Nigeria Liquefied Natural Gas (NLNG) and assured continued UK support in strengthening Nigeria’s mining regulations and investment climate.

The establishment of the Nigeria Solid Minerals Corporation aims to restructure Nigeria’s mining sector, enhancing its sustainability and competitiveness. The funding model involves significant contributions from private sectors, national stakeholders, and the government, ensuring a balanced and collaborative approach to mining sector reforms. The initiative is set to prevent political interference and enhance investor confidence, setting a precedent for future governmental projects.

The formation of the Nigeria Solid Minerals Corporation is a strategic move towards modernising the mining sector, enabling private sector engagement and fostering sustainable practices. With strong backing from the government and international partners like the UK, the initiative seeks to improve operations, attract investment, and enhance Nigeria’s economic landscape in the coming years.

Original Source: punchng.com

The post Nigeria’s Solid Minerals Corporation Aims to Transform Mining Sector first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dele Alake, has called on British investors to explore Nigeria’s mining sector during a meeting with Jonny Baxter, the British Deputy High Commissioner to Nigeria. He highlighted the Nigerian government’s openness to UK support in capacity building and technical assistance across the mining value chain.

Alake noted that President Bola Tinubu has approved the establishment of the Nigeria Solid Minerals Corporation, designed to transform the sector sustainably, with a structure similar to the Nigeria Liquefied Natural Gas (NLNG) model. The corporation will aim for a 50% equity stake for the private sector, 25% for Nigerians, and 25% for the Federal Government, ensuring its operations remain free from political interference.

The government aims for a competitive mining sector by 2025, enhancing economic growth through improved access to mining sites, regulatory framework upgrades, and environmental remediation. Alake expressed optimism about the administration’s reform efforts, highlighting this pivotal year as a time for positive trends and economic prosperity.

Baxter commended Nigeria’s approach to forming the new corporation and reaffirmed the UK’s support for strengthening Nigeria’s regulatory framework, underlining that Nigeria’s growth is vital for global prosperity and expressing commitment to enhancing bilateral cooperation in mining.

Nigeria possesses vast mineral resources, which play a vital role in its economic development. The government is seeking foreign investment, particularly from the UK, to enhance the mining sector’s capacity. The establishment of the Nigeria Solid Minerals Corporation is part of broader efforts to ensure sustainable development and attract significant players in the mining industry.

The Nigerian government is actively encouraging British investment in its mining sector, citing opportunities for collaboration in capacity building and technical assistance. The new Nigeria Solid Minerals Corporation is set to enhance investor security and create a competitive market, anticipated to contribute significantly to the nation’s economy by 2025.

Original Source: gazettengr.com

The post FG Invites British Investors to Capitalise on Nigeria’s Mining Opportunities first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dr Dele Alake, has stated that the Nigeria Solid Minerals Corporation will greatly impact the mining sector, forming a crucial part of President Bola Tinubu’s legacy. During a meeting with British Deputy High Commissioner Jonny Baxter, Alake indicated that the corporation’s establishment would be modelled on the Nigeria Liquefied Natural Gas (NLNG) framework, with initial setup led by the Ministry of Finance Incorporation (MOFI).

Alake described the Solid Minerals Corporation as an enduring legacy, stating that it would prevent future political interference. He revealed plans for a 50% equity stake for the private sector, 25% for Nigerians, and 25% for the federal government. He anticipates that by 2025, the mining sector will be more competitive on a global scale, focusing on improving access to mining sites and enhancing the regulatory framework.

Plans include developing intermodal transport to mining sites, remediating abandoned pits, ensuring investor security, and expanding geo-data exploration. Alake also welcomed UK support for skill-building and technical assistance, urging British investors to consider Nigeria’s mining opportunities. He highlighted the significance of 2025 for the Tinubu administration, noting positive economic trends and the government’s commitment to reform.

Ambassador Baxter expressed support for creating the Solid Minerals Corporation, praising its NLNG model. He highlighted Nigeria’s economic growth as vital for global progress and reaffirmed the UK’s commitment to enhancing cooperation in the mining sector, ensuring continued investment in Nigeria’s resources.

The article discusses the establishment of the Nigeria Solid Minerals Corporation under the leadership of Minister Dr Dele Alake. It outlines plans for a reinforced mining sector aimed at sustainable development and highlights the collaboration with the UK to bolster investment and regulatory frameworks in Nigeria’s mining industry. This initiative forms part of President Bola Tinubu’s broader economic reform agenda, with a target for significant transformation by 2025.

The establishment of the Nigeria Solid Minerals Corporation marks a pivotal step in revamping the mining sector, ensuring sustainable development and reducing political interference. With shared goals for growth, support from the UK, and a strategic model based on NLNG, the initiative is poised to attract investment and create a competitive mining landscape for Nigeria by 2025.

Original Source: blueprint.ng

The post Transforming Nigeria’s Mining Sector: The Solid Minerals Corporation Initiative first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dr. Dele Alake, announced that the Nigeria Solid Minerals Corporation will transform the mining sector and support sustainable development. This information was relayed by Segun Tomori, the Minister’s Special Assistant on Media, during a meeting with UK Deputy High Commissioner Jonny Baxter.

The establishment of the Nigeria Solid Minerals Corporation aims to create a robust mining sector, drawing on the successful operation model of Nigeria Liquefied Natural Gas (NLNG). The corporation is expected to have a balanced equity structure involving private and public investment, encouraging active participation from local stakeholders and international partners.

The Nigeria Solid Minerals Corporation embodies the government’s commitment to sector reform, aiming for a competitive and recognised mining industry by 2025. Support from international partners, like the UK, plays a crucial role in this transformation, bringing technical expertise and investment opportunities to the region.

Original Source: von.gov.ng

The post Nigeria Solid Minerals Corporation Set to Transform Mining Sector first appeared on Nigerian Mining News.