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Ministry Seeks International Recognition For Mining Sector

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8 years ago

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The Ministry of Mines and Steel Development says the country’s quest to position the sector will not be achieved except it is recognised by the international mining community as a serious mining destination.
The Minister, Dr Kayode Fayemi made this known at the National Mining Summit and ConMin West Africa tagged; “Unearthing Nigeria’s Mining Sector’’ held in Abuja on Tuesday.
Fayemi said the ministry had enlisted critical stakeholders domestically and globally as enablers to achieve the ministry’s goal to be a mining destination.
The Tide source reports that one of the priority goals of the ministry is to position the mining sector to play a greater role in sustainably diversifying the country’s revenue base, creating jobs and fast-tracking industrialisation.
He said the African Mining Vision (AMV) that was adopted in 2009 during the African Union (AU) summit, which Nigeria domesticated, had helped Nigeria’s mining industry to find its bearing.
According to him, the AMV prescribes integrating mining into industrial and trade policy at regional level to encourage, collaborate and ensure healthy competition among mining countries.
He said the ministry considered it important to have a platform for bringing stakeholders in the sub region together to share ideas and compare notes on how to collaborate and ensure that available resources work for the people.
To this end, he said the ministry collaborated with Afrocet Montgomery, and worked with Deloitte to host the summit in order to take the lead in driving the achievement of the objectives of the AMV collectively and at the country level.
“It  is our vision to use this platform to place Nigeria prominently in the international mining calendar and to beneficially attract greater attention to our country as a Sub-region.
Also speaking, the Chief Executive Officer, Nigerian Stock Exchange Mr Oscar Onyema, said the summit would provide a framework for sustainable and enabling environment for the continued growth and development of the mining sector.
Onyema said present statistics on the Nigerian mining sector indicated a tremendous opportunity for growth, as it accounts for 0.02 per cent of exports, 0.3 per cent of national employment and contributes 0.5 per cent an estimated N2 billion to the nation’s GDP.
He said this representation was low compared to global trends for the sector, adding that in 2015, the South African mining industry contributed 19.6 billion dollars toward the country’s Gross Domestic Product (GDP), representing 7.1 per cent of overall GDP.
The NSE chairman said that Australian mining sector on the other hand contributed 114.9 billion dollars to GDP in 2016.
He said globally, the Metals and Mining sector was among the largest sectors, going by the number of companies in operation and its employment size.
“The role of the capital market in harnessing the Nigerian Mining sector’s potential and providing entrepreneurs with access to large, affordable funding for capital intensive projects could not be overemphasise.’’

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NPA Assures On Staff Welfare 

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2 weeks ago

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June 27, 2025

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The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
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ANLCA Chieftain Emerges FELCBA’s VP

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2 weeks ago

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June 27, 2025

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National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
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NSC, Police Boost Partnership On Port Enforcement 

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2 weeks ago

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June 27, 2025

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In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
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