Business
Stakeholders Reach Pact On Apapa Wharf Road Reconstruction
Stakeholders of the Apapa Wharf Road reconstruction have reached an agreement to take necessary measures to ensure commencement of reconstruction of the road leading to the nation’s major port on July 7.
The stakeholders agreed on several issues at a meeting held at the office complex of the Federal Ministry of Power, Works and Housing headquarters in Lagos, Thursday.
Those in attendance include representatives of traffic regulatory and traffic management agencies, law enforcement agencies, transport unions, petroleum products unions, port terminal operators and the Nigerian Port Authority (NPA).
Others are telecommunication service providers, the Apapa Local Government, representatives of Federal Ministry of Power, Works and Housing, AG Dangote Construction Company Ltd, contractors on the project, among others.
The stakeholders, rising from the meeting, presented a communique read by Mr Godwin Eke, Federal Controller Works, Lagos and a consultant of AG Dangote Construction Company Ltd, Mr Kayode Opeifa.
They agreed that the Federal Ministry of Power, Works and Housing and NPA should collaborate to repair all bad roads and diversion routes, including Tin Can Island Road, Creek Road and Oshodi-Apapa Expressway, which will receive heavy traffic.
The stakeholders resolved that a meeting be held between traffic regulatory agencies, law enforcement agencies and the Lagos State Traffic Management Authority (LASTMA) on July 3 (today) to fashion out a traffic management plan.
“After the meeting and the discussions and approval, it will be communicated to all stakeholders. Then, we can ask the contractors to mobilise and begin the reconstruction of Apapa Wharf Road.
“We all resolve to ensure that parked trucks be removed from Apapa Wharf Road for construction works to commence in phases on 7th July; it will never be a total closure of all the roads, but only on sections of the road where work will be done,” the communique stated.
They agreed that stakeholders will coperate with any changes in time line of traffic management which will be communicated to all parties by both the NPA and the contractor through LASTMA, for effective traffic diversions during the period.
The stakeholders also resolved that traffic management agencies would come up with a periodic traffic management plan backed by security provided by the security agencies.
They agreed that the Sole Administrator of Apapa Local Government, Mr Luqman Alao, would work with all traffic management agencies, security agencies and the NPA, and coordinate activities between them and the military.
The stakeholders commended the NPA, AG Dangote, Flour Mills of Nigeria and the Federal Ministry of Power, Work and Housing for coming together to execute the project.
The Tide source gathered that the Minister of Power, Works and Housing, Mr Babatunde Fashola, on June 17, handed over the Apapa Wharf Road to AG Dangote Construction Company Ltd for reconstruction.
The site was handed over after the minister signed a N4.34 billion Memorandum of Understanding with stakeholders who were to fund the project.
The project is to be funded by AG Dangote Construction Company Ltd, an arm of the Dangote Group, the Nigerian Ports Authority (NPA) and Flour Mills of Nigeria.
The Ministry of Power, Works and Housing, on June 22, held the first stakeholders meeting with some concerned parties on how to achieve success and speed on the project.
The ministry held another meeting with telecommunication service providers and others on Wednesday on how to relocate service cables and pipes in the Right of Way of the project.
The two kilometre road has a completion period of one year.
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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