Business
Foundation Coordinates $700m Dev Programmes In 45 Countries
The African Capacity Building Foundation (ACBF) has coordinated development programmess worth more than 700 million dollars across 45 countries in the past 20 years.
According to a statement from the AU Commission yesterday, Executive Secretary, ACBF, Prof. Emmanuel Nnadozie, said this at the 29th Ordinary Session of the Assembly of the AU.
The AU formally endorsed ACBF as its specialised agency for capacity development following the Resolutions of the 28th Ordinary Session of the AU Assembly in January.
Nnadozie said: “We do accept with humility, this endorsement of the African Union which is a clear pointer to the fact that for the past 26 years, ACBF has undoubtedly proved, through its work, to be Africa’s knowledge and capacity building service provider of choice.
“In over two decades, we have robustly coordinated capacity development programmes worth over 700 million dollars across 45 countries,
“We have also helped to set up over 40 reliable policy think tanks that advise African governments on the policies to implement to drive development through capacity development.
“Our production of several hundred evidence-based knowledge products on Africa’s capacity needs, and on practical trajectories has proved to be fundamental.
“We have made a solid promise to deliver even more for the continent in our 2017 to 2021 Business Strategy. “
He added that the strategy would be based on facilitating effective development delivery and supporting countries to achieve tangible development results.
He further said strategy would also focus on enhancing the private sector and civil society to contribute to sustainable development and promote knowledge sharing.
Nnadozie said that the ACBF would also focus the capacity needs of African countries, the AUC and Regional Economic Communities to facilitate the implementation of Agenda 2063 in line with the Sustainable Development Goals (SDGs).
African leaders and delegates attending the Assembly of the AU lauded efforts of the ACBF to strengthen capacity building in countries in the region since its endorsement as a specialised agency.
ACBF now falls within the category of AU bodies known as “Specialised Agency Set up by Member States”.
Agencies under that category are set up voluntarily by AU Heads of State and are outside the AU structure, managerial and budgetary control.
Such agencies have the mandate to examine and address a specific issue, goal or objective that falls under the general mandate of the AU.
The specific mandate of the ACBF is to provide capacity development support for the implementation of the AU’s Agenda 2063 and the SDGs.
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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