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‘Make Solid Minerals Alternative Revenue Earner’

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The Miners Association of Nigeria (MAN) has urged the Federal Government to make solid minerals an alternative revenue source to reduce the reliance on oil.

The National President of the association, Alhaji Sani Shehu Alhaji Sani Shehu  made the call in an interview with newsmen in Jos.

Shehu said that the current economic situation had shown that oil alone was incapable of sustaining the country’s economy growth.

The president said that the disagreement over the removal of fuel subsidy pointed to the fact that petroleum alone could not meet the financial challenges of the government.

According to him, the solid minerals sector has the potential of becoming a major alternative revenue source to rescue government from the current economic challenges.

He recalled that the sector contributed to the country’s foreign exchange earnings between the 60s and 80s and urged the government to pay the desired attention to the sector.

“The revenue Nigeria will derive from solid minerals will compete favourably with what it is currently obtaining from petroleum, if the sector is fully developed.

“India has less potential in solid minerals than Nigeria but it now earns more than 75 billion dollars annually from the sub-sector; South Africa now earns more than 30 billion dollars annually from solid minerals alone.”

He commended President Goodluck Jonathan for identifying solid minerals as a critical sector of the economy but expressed regret that government policies had yet to be backed by adequate actions.

“Government, in principle, has identified seven critical solid minerals that will attract its attention but unfortunately, budgetary allocation to the ministry is always going down.

“The Mineral Development Fund, which has been enshrined in the Minerals and Mining Act, has not been established. Besides, critical infrastructure to mining sites are not developed.”

“Solid minerals need sustainable investment for a period of time to be fully developed. It took South Africa about 15 years of steady investment. India’s potential was realised after years of steady investment,” he said.

He advocated the establishment of a Solid Minerals Development Bank to intervene in the sector.

“In the alternative, an intervention fund, just like government did for agriculture, textile and entertainment industries, should be put in place.

“What we are saying simply is that continued heavy dependence on only one product as a source of foreign exchange is dangerous, given the experiences of the economic melt down.

“During the global economic meltdown, the price of petroleum dropped to about 50 dollars and countries that depended solely on the product witnessed serious financial pressure,” Shehu said.

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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