Business
Niger Decries Illegal Gold Miners’ Activities
The Niger State Commissioner of Information, Alhaji Danjuma Salau has called on illegal gold miners in the state to desist from the act because of its negative consequences.
Salau, who made the call in an interview with newsmen in Minna, yesterday said that it was wrong for people to continuously defy environmental law for selfish gains.
He condemned the way illegal miners continued to sabotage the state by indiscriminately scavenging for gold without recourse of the ecological consequences and other risk inherent in their action.
“Individuals involved in illegal mining of gold are gradually destroying themselves, the economy and ecology of the place they are carrying out such activities.
“When the ecology of a place is destroyed, it affects the lives and houses of people living around such places,” he said.
Salau said that the same people who were involved in the environmental degradation would turn around to accuse the government of environmental degradation and negligence.
“Whereas as a result of their illegal activities, we are encumbered with a lot of crisis, no matter the situation they find themselves, they should stop because of its numerous risks,” he said.
Salau charged illegal miners in the state to follow due process to avoid the inherent danger associated with illegal mining, saying that the risk they took daily was not worth their lives.
“Irresponsible mining practices causes irreparable harm to the environment and the ecology.
“The use of environmentally unfriendly refining methods and materials put their health and lives at grave risk,” he said.
Recall that six illegal miners died on April 15 at the Niger State College of Education, Minna, while engaging in illegal mining.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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