Business
Minister Decries Delay In Release Of Budgetary Allocation
The Minister of Agriculture
and Rural Development, Chief Audu Ogbeh, has decried the slow release of budgetary allocation to execute projects that will increase food productivity in the country.
Ogbeh ýmade this known when he received the Senate Committee on Agriculture led by it’s Chairman, Sen. Abdullahi Adamu, in Abuja on Monday.
The committee paid an oversight visit to assess the level of implementation of 2016 budget in the ministry.
He said that the ministry had only received N882 billion, which represented 4 per cent of its budgetary allocation for 2016 budget for the sector.
He stressed that the released fund was small for the implementation of programmes and projects which would lead to food security in the country.
The minister added that the delay had affected 2016 wet season farming and programmes that would stimulate the economy and national income.
Ogbeh said the ministry had gone through the processes of advertisement, bidding and followed due process, which was concluded la few days ago.
‘He said the ministry received close to 7, 000 bids, out of it “we earned N70 million and it was paid into The Single Treasury account.”
“Going through the bids, it took us sometime, and we did not want to skip any of the processes because we don’t want to break any of the laws of the land.”
He stressed the need to cut short the processes because there was no money in circulation
“The ministry got an allocation of N33, 668 billion, 16 Research Institutes got N6.2 billion, Universities and Colleges of Agriculture got N3.9 billion, the three cooperative colleges N7.9 million, and eight agencies and units got N9bn, a total of N46 billion.
“In the first quota we got N21bn representing 54 per cent of appropriation for the main ministry that was released and in the month of July.
“In the meantime, we utilised N882, 578, 833 billion representing 4 per cent of the amount released for capital project of the ministry and membership organisation of some international organisations.
“That is how little we have spent out of the N21 billion, “ Ogbeh added.
Ogbeh quoting the National Bureau of Statistics report of August,, said agriculture recorded a growth of 4.5 per cent in economy that is under recession.
“We may be approaching 6.2 per cent when the result will be published next. And that means Nigerians have responded to the call on agriculture by the Federal Government.”
Earlier, Senator Abdullahi Adamu said that it was the committee responsibility to pay an oversight.
Business
Nigeria’s Gold, Other Solid Minerals Being Stolen – NEC
The National Economic Council has expanded the mandate of its Ad-hoc Committee on Crude Oil Theft Prevention and Control to cover illegal mining.
This is just as the council raised the alarm that the nation’s solid minerals, including gold, are being mined and stolen.
Imo State Governor, Hope Uzodimma, who chairs the committee, disclosed this while briefing State House correspondents after the 153rd NEC meeting chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja, yesterday.
Uzodimma said the expanded mandate is part of the government’s efforts to curb resource theft and increase revenue from Nigeria’s solid minerals sector.
“The National Economic Council Ad-hoc Committee on Crude Oil Theft Prevention and Control, which I chair, presented an interim report today to the Council.
“NEC received our report with satisfaction and expanded our Terms of Reference to now also take interest in solid minerals, because our solid minerals are being mined and stolen and not adding to national revenue,” said Uzodma.
He noted that the expanded role would enable the committee to coordinate with the Ministry of Solid Minerals Development and other federal and subnational institutions to combat widespread illegal gold mining and other forms of mineral smuggling that have deprived the country of much-needed foreign exchange.
“Going forward, our committee, working with other government agencies, will look at how to ensure that the revenue of the country arising from solid minerals like gold and other forms of solid minerals are not allowed to be stolen,” the governor added.
NEC’s Ad-hoc Committee on Crude Oil Theft Prevention and Control was first established under former President Muhammadu Buhari in August 2022.
It was reconstituted under President Bola Tinubu in December 2023 with Uzodinma as chairman.
The committee was initially mandated to address the challenge of crude oil theft and pipeline vandalism.
Its creation followed rising oil theft that had crippled national production and forced international oil companies to shut down key pipelines.
At the time, oil production had crashed to around 700,000–800,000 barrels per day, far below Nigeria’s OPEC quota, costing the government billions of dollars in lost export revenue.
Uzodimma explained that through what he called a “collaborative approach” involving regulators, operators, and the security forces, the committee had helped raise daily crude oil production to over 1.7 million barrels per day in the past 22 months.
The governor stated, “Before May 29, 2023, when President Bola Tinubu was sworn in, our crude oil production was around 700,000 to 800,000 barrels a day.
“Working with stakeholders, the regulators, operators in the industry, and the Navy, we were able to involve all the governors of crude oil-producing states and raise different security organisations.
“You would agree with me that as I speak, daily production is now in excess of 1.7 million barrels a day, and cases of pipeline vandalism and vandalisation of oil assets have also been on the decline.”
The council, he said, was satisfied with the progress and decided to deploy the same model of intergovernmental coordination, private-sector partnership, and multi-agency surveillance to the mining sector, plagued by resource theft.
“We are determined to ensure that crude oil production and gas are properly preserved for the benefit of our citizens.
“Now, with this new directive, we will also protect our gold and solid mineral assets,” Uzodinma added.
Nigeria’s illegal mining economy, particularly in gold, lithium, and other high-value minerals, has grown into a multibillion-naira shadow industry.
According to data from the Nigeria Extractive Industries Transparency Initiative, the country loses an estimated $9bn annually to illegal mineral extraction and smuggling.
The Federal Government has linked several unlicensed mining operations to armed groups in the North-West and North-Central regions, where gold has become a source of illicit financing for bandits.
A 2023 NEITI audit also showed that over 80 per cent of mining activities in Nigeria were conducted informally, without licenses or environmental oversight.
In September 2024, the Ministry of Solid Minerals Development revoked over 900 dormant licences and announced plans for a national gold reserve policy. But enforcement remains difficult, with weak surveillance, limited manpower, and overlapping regulatory mandates.
According to Uzodimma, the expanded mandate aims to integrate the fight against illegal mining into the broader national resource protection framework previously used in the oil sector.
“We have done well,” he claimed, adding, “Among other things, we recommended that NNPC, working with security agencies and their consultants, should strengthen security in all the creeks and extend coverage to offshore regions. That will help in curtailing and supervising illegal entries and exits of vessels into our export terminals. This same spirit will now guide our solid minerals sector.”
The committee is expected to submit its first progress report on the expanded mandate at the next NEC meeting in November.
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