Business
Adamawa Commences Diamond Mining, Others, Dec
The mining of solid minerals including diamond, gold, Bitumen and barite in Adamawa State by a Swiss firm is to commence this December.
The state Commissioner of Solid Mineral Resources, Ms Shanti Shashi, made this known Saturday in Yola at the 4th Adamawa Community Dialogue organized by an NGO, the Adamawa Community Advancement Initiative (ACAI).
Shashi said the Swiss firm, BTP Swiss Sovereign Asset, and the Adamawa Mining Company would be involved in the mining of seven minerals comprising diamond, gold, zinc, bitumen, barite, uranium and platinum in the state under a three-year agreement.
Shashi said that the state government, which was committed to taping its solid mineral resources, had already acquired 12 mineral exploration licenses from the federal government.
While noting the numerous potentials of Adamawa in area of solid mineral resources, Shashi said the state was far ahead of other states in its level of preparation to exploit the resources.
“Adamawa is the most organized state as far as solid minerals is concern. We have gone far in talks with Dangote Group on Guyuk Cement factory,” Shashi said.
She lauded ACAI for organizing stakeholders dialogue with the theme “Adamawa Without Oil Money: Meeting The Challenges of Sustainable Development Through Agriculture and Solid Minerals Resources Development” , which she described as timely and assured the state government commitment to key in.
In his paper, “Economic Diversification through Solid Mineral Resources Development: The Adamawa State Prospects”, Prof. Saidu Baba, lamented the long years neglect of agriculture and solid minerals which used to be the mainstay of the nations economy.
“Why we are in recession is because the money we realized from oil sector was not utilized to develop other sectors like solid minerals and agriculture”, Baba said.
While noting that Adamawa has the mineral potentials to generate revenue, Baba said that SWOT analysis has proven that Adamawa has limestone, coal, gypsum, baryte, clays and granites potentials.
“It is therefore recommended that the state government should consider well-organized and coordinated investments in these minerals, advisably through joint venture programmes as is done in the oil and gas sector.”
In his remarks, the Convener of ACAI, Mallam Bashir Ahmad, said the annual dialogue was meant to serve as a platform for Adamawa citizens to come together and discuss challenges of good governance and sustainable development in the state, with a view to coming up with common terms as to surmounting them.
While noting the current recession and the dwindling monthly allocation from Federation Account, Ahmed said Adamawa, with a population of over three million, needed to diversify if it must meet its obligation to the electorate.
“We must create immediate alternative sources of revenues to fund our developmental programmes since monthly allocation, which comes mainly from oil money, can hardly even pay the monthly salaries,” Ahmad said.
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
