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FG Increases Mining Rates, Decries Non-Remittance

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The Federal Government has increased the rates and charges for all activities in the mining sector.

Dele Alake, the Minister of Solid Minerals Development, who disclosed this while briefing newsmen on the new charges on Thursday in Abuja, expressed concerns over non-remittance by some operators.

Alake said that mining operators in the industry were making huge amounts of money but refused to remit them to the Federal Government.

“Today, we are taking a major step in the efforts to implement the seven-point agenda.

“This is to position the sector for economic consolidation by announcing a new regime of rates and charges for various services of the department and agencies of the ministry.”

The minister said the development was in view of the introduction of qualitative measures being implemented in recent times.

He added that it would raise the level of services, improve traffic of transactions, and develop infrastructure.

“For instance, we supervised the successful implementation and conclusion of the mineral sector support for economic diversification minddiver project.”

He said the mining sector involved Mining Cadastral Office (MCO), the agency responsible for licensing, which acquired the new mining information system, Electronic Mining Cadastre System, and the EMC+ portal.

“This enables a 24-hour application and administration system that accelerated the rate of application and access of applicants to MCO, adding that the system had improved transparency.

Alake said the system would also encourage more interest and boost participation in the sector, thereby giving stakeholders confidence to invest in it.

He said that the Nigerian Geological Survey Agency (NGSA) had acquired integrated base data accessible to the public.

“The stakeholders have been enjoying the mining sector; it is therefore equitable that those who invest in the mining sector and make profits from it should be on the front lines of government’s efforts to recoup rather than pass it on to poor Nigerians.”

Alake said that there were about 268 items in the rate regime, adding that it would be difficult to mention all the items.

“The major highlights are as follows: under the new regime, investors applying for a mining lease license will pay N3 million, while Small Scale Mining Lease (SSML) applicants will pay N300,000 for the first two cadastral units.

“The cost to obtain an Exploration Licence (EL) is N600, 000 for the first 100 cadastral units.”

He listed others as a quarry lease and reconnaissance permit, which attracted N300,000.

“The aim is to discourage speculation and address the paucity of funds, limiting the federal government’s capacity to improve ease of doing business in the sector.

“The new rate, which affects 268 items in the industry, includes an annual service fee of N31,500 for the first time.

“Also, N260, 000 for a Small Scale Mining License (SSML), N500,000 for a Quarry Lease, and N1,250,000 for firms operating with a Mining Lease.

“Following the renewal of licenses, the rates for the respective categories will be N42, 000,” he said.

Alake also listed an exploration license, N420, 000, for a SSML N1.5 million for a mining lease, and N1 million for a quarry lease.

“Other services affected by the new regulations include mineral title applications to the MCO, along with the transfer, enlargement, surrender, and consolidation of mineral titles.”

According to Alake, the new regulations seek to maximise royalties from critical minerals like lithium and gold to boost the nation’s revenue base and contribute significantly to economic development.

“In the new rate regime, lithium ore lepidolite at the current market value of N600,000 per tonne attracts an N18,000 royalty per tonne.

“Kunzite, with a current market value of N3 million per tonne, attracts a N90,000 royalty per tonne, while lithium ore spodumene, with a current market value of N316,667 per tonne, attracts a N9,500 royalty per tonne,’’ he said.

He said that the rate review also affected services rendered by the MCO and the NGSA.

According to the minister, the new rate regime takes immediate effect. (NAN)

Fuel Scarcity: Major Marketers Blame Thunderstorm

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Travellers and motorists have been groaning following fuel scarcity across various filling stations in the nation’s capital, Abuja.

This is just as the Major Energy Marketers’ Association of Nigeria (MEMAN) blamed the situation on supply chain disruption even as the situation is a little bit calm in Lagos except pockets of long queues at some major filling stations.

Daily Trust findings showed that filing stations of both the independent and major oil marketers within Abuja city and some area councils of the FCT have remained closed without fuel.

A visit by our reporter to some of the filling stations especially where fuel is being dispensed showed that there was a long queue of vehicles and motorcycles waiting to buy fuel.

At AA Rano filling station, Wuse zone 2, there was a long queue of vehicles waiting to refill their tanks, even as some motorists carried gallons to buy the fuel.

Also at Gwagwalada area council, one of the satellite towns in the FCT, our reporter observed that some filling stations remained closed, except Doma filling station, which is located along Secretariat road.

However, some motorists who spoke with our reporter, expressed their frustration over the fuel scarcity which they said posed serious hardship to them.

Our reporter further observed that the fuel scarcity and increase in transport fare has forced many residents, especially civil servants to resort to trekking within the city center of Abuja while some trekked from homes to their working places.

Mr. Ayuba Solomon, a commercial driver, who spoke with our reporter, said the fuel scarcity has forced him to park his car at home.

“In fact, since yesterday being Thursday, I couldn’t bring out my car to pick passengers because many filing stations within the area I reside have no fuel,” he said.

“And even where you see fuel, the liter is high as I can’t afford to buy a liter for N900 per liter, which is almost black market,” he said.

Another motorist, Godwin Emmanuel, who is also a commercial driver plying Abuja- Enugu route, expressed his frustration over the fuel scarcity in Abuja.

He said the resurfacing of fuel scarcity in Abuja, has not augured well for both motorists and travellers, saying the fuel scarcity has compelled him to increase transport fare by 85 percent.

“How do you expect me to fuel at N870 or N900 per liter and expect me not to increase transport fare, if we must tell each other the truth,” he said.

A director of one of the petrol stations, who preferred anonymity, said the resurfacing of fuel scarcity in Abuja, was due to non supply of fuel by NNPCL.

He said being an independent oil marketer, he has always depended on buying from NNPCL, which he said could not get fuel for over a week.

“It is the NNPCL that supplies us fuel but for the past one week, we could not get fuel and the government has failed to tell Nigerians what is responsible for the fuel scarcity,” he said.

He added “And the most annoying thing again is that despite the government secretly paying fuel subsidies, yet the government has failed to supply fuel,” he said.

One of our correspondents also observed long queues at TotalEnergies, Wuse, Zone 3, TotalEnergies by Audit House, Conoil and TotalEnergies, opposite the NNPC Ltd. Towers and all NNPC Ltd. retail outlets.

Along Kubwa expressway, the NNPC Ltd. retail outlets opposite Salbas, Shema, AA Rano and Salbas fuel stations as well as Evergreen station inside Kubwa had long queues.

Black marketers were also seen hawking petrol in jerry cans.

Motorists who spoke with our correspondent, however, lamented the untold hardship the development has caused them.

Musa Aliyu, a commercial driver, said he had to increase his fare for transportation because of the difficulties of getting fuel.

“Getting fuel now is so difficult. Most filling stations are not selling even when you see the ones that are selling, long queues are there,” he said.

Slight queues in Lagos

In Lagos, our correspondent observed slight queues at major filling stations on Lagos Mainland and Island where fuel is sold at the official rate of between N568 and N610.

The long queues were observed at Mobil Filling Station at Bonny Camp; MRS along Ahmadu Bello Way, Victoria Island; among others.

IPMAN confirms scarcity

President of the Independent Petroleum Marketers’ Association (IPMAN), Alhaji Abubakar Migandi said he has been inundated with reports of scarcity especially in Abuja, saying he was yet to be properly briefed on the cause of the crisis.

MEMAN blames supply chain disruption

Executive Secretary of Major Energy Marketers’ Association (MEMAN), Clement Isong in a chat with our correspondent blamed the scarcity on supply chain disruption.

He said the recent rainfall across the country, especially in Lagos, made it difficult for trucks to lift products, saying there was a thunderstorm at the depots.

He said, “The supply chain is slower when there is a thunderstorm. 24-hour supply chain disruption means that the stations are dry. During the rainy season, the trucks drive more slowly, they also get stuck when the roads are flooded.”

He however assured that the queues would disappear in a few days’ time, adding, “There is product in Lagos, the product is coming and the product is moving.”

Naira Appreciates To ₦1,530/$ From ₦1,535 In Parallel Market

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The Naira has appreciated in the parallel market to N1,530 per dollar from N1,535 per dollar on Thursday.

Similarly, the Naira appreciated to N1,509.67 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,509.67 per dollar from N1,520.24 per dollar on Thursday, indicating N10.57 appreciation for the naira.

The volume of dollars traded (turnover) in the market fell by 32.6 percent to $116.88 million from $173.51 million traded on Thursday.

Consequently, the margin between the parallel market and NAFEM rates widened to N20.33 per dollar from N14.76 per dollar on Thursday.

Photo Speaks: Draws Of The Female Edition

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Performed by the Permanent Secretary, Ministry of Sports and the Foreign Scouts, Coach Laddan Bosso and a FIFA licenced agent Datti Yusuf.

Prosperity Cup 2024: Bayelsa State Government Pledges Commitment to Sports Development

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…Prosperity Cup Women’s Draws Hold on Thursday

Bayelsa State deputy governor, Senator Lawrence Ewhrudjakpo says the state government will continue to show total commitment to the development of youths through sports.

The deputy governor made this known during a courtesy visit by members of the Central Organizing Committee of the Prosperity Cup and the international scouts at the government house in Yenagoa.

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Senator Ewhrudjakpo noted that the Prosperity Administration would create a conducive environment for young sportsmen and women to progress in their careers, stating that he was pleased with the sustainability of the tournament.

While appreciating the organizers of the tournament for the successes recorded in the competition, the deputy governor remarked that the tournament has come to stay, describing the competition as a powerful vehicle to discover talents at the grassroots.

He called for collaboration between organizers of the Prosperity Cup and the Bayelsa State Sports Academy, Asoama in order to utilize the facility, stressing that the Bayelsa State government is ready to give more refresher courses to local coaches to become better gaffers.

Senator Ewhrudjakpo who described Bayelsa as the cradle of hospitality said the government would work in synergy with Tristone/OTP of Finland to bring the Asoama Academy into reality, pointing out that the Prosperity Cup is an enabler in achieving sustainable development goals.

Director General of the tournament, Mr. Ono Akpe in a remark said the essence of the visit was to officially inform the deputy governor of the ongoing international scouting program/coaching clinic for local coaches.

According to him, the just concluded local government finals in the eight local government areas has been the most interesting part of the tournament with the local government chairmen putting their weight behind the competition, maintaining that the round of 32 will kick off this weekend at the designated centers.

He explained that the Nigeria U-20 coach, Ladan Bosso and the scouts have in the last few days impacted the lives of local coaches positively with contemporary coaching tactics.

The DG on behalf of the COC of the Prosperity Cup also commiserated with the Deputy Governor on the death of his elder brother Dr Nathaniel Ewhrudjakpo.

Also, two foreign football scouts, Hilary Azodo and Glenn Stahl expressed gratitude to the Bayelsa State Government for giving the youths a platform to realize their potential.

In the meantime, the draws of the female version of Nigeria’s biggest grassroots football spectacle, the Bayelsa Governor’s Football Tournament tagged the Prosperity Cup will hold on Thursday at the Samson Siasia Stadium immediately after the weekly Prosperity Walk.

The International Scouting Program continues Thursday with a novelty match between the organizers of the Prosperity Cup and the scouts to wrap up the iconic event at the Samson Siasia Sports Complex.

Why Niger Delta Stakeholders Must Discuss Development Issues – Ogbuku

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The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has stressed the importance of stakeholders’ engagements in the development of the Niger Delta region.

Addressing newsmen during a World Press Conference in Port Harcourt, the NDDC Managing Director, Dr. Samuel Ogbuku, said it was imperative for Niger Deltans to have a conversation on development issues, hence the Niger Delta Stakeholders Summit taking place in the Rivers State capital from July 10-13, 2924.

Ogbuku said that the stakeholders’ summit, with the theme: “Renewed Hope for Sustainable Development of the Niger Delta Region,” would provide a platform for new ideas and strategies to fast-track development in the Niger Delta in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.

According to the NDDC boss, “the summit will not just be a forum for a few individuals, but will involve major stakeholders, including members of the National Assembly, Ministers from the region, traditional rulers and the private sector experts to discuss the Niger Delta.”

The NDDC Chief Executive Officer stated that previous engagements with different groups were instrumental to maintaining peace in various communities, noting that development could not take place in a crisis-prone environment.

He remarked: “One of the cardinal policies of President Bola Ahmed Tinubu’s administration is stakeholders’ engagement and that is one area the NDDC is doing very well and we are getting good results.”

He said that such engagements would help the Commission implement projects that would ensure sustainable development of the Niger Delta region and address the aspirations and needs of the people of the region and noted that rather than working at cross purposes, the summit would help the development partners in the region to harmonise their activities.

Ogbuku said that the Commission, as path of its rebirth and rewind policy, was “transiting from transaction to transformation” in the process of developing the Niger Delta region.

The NDDC Chief Executive Officer stated that President Bola Ahmed Tinubu, had charged the Commission to complete and commission signature projects that would impact the lives of Niger Deltans.

Ogbuku stated that the Commission would intensify its efforts to light up communities across the nine states of the Niger Delta, with solar-powered street lights, as part of measures to fight criminality and maintain peace in the region.

He said that the Commission was also providing portable water in communities across the region, stating that this was critical at this period when cholera epidemic had become a big health challenge.

Giving insight on the youth empowerment programme of the Commission, tagged Holistic Opportunities Programme of Engagement, HOPE, Ogbuku called on the youths to seize the opportunity and be part of the process.
He said: “We encourage more persons to register because we want to ensure that our future engagements with youths will be based only on those who have registered with us in the database. That will enable us to know their areas of competence, because we discovered that our previous trainings were given to friends and family members who are probably not even interested in the training.”

Ogbuku said further: “Building a comprehensive data base for the youths in the region will give the Commission the opportunity to plan, as well share the relevant data with other development agencies that may need them for planning.

In the area of entrepreneurship, Ogbuku noted that the NDDC through the Niger Delta Chambers of Commerce had streamlined engagement in giving support to farmers and verifiable entrepreneurs in the region.

The Managing Director said that the NDDC had put measures in place to ensure financial discipline in the Commission, This, he said, necessitated the engagement of KPMG to design a corporate governance system for the Commission. He explained that the corporate governance structure would increase the confidence of partners that work with the Commission.

NCDC: Senate Approves North Central Development Commission

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The Senate passed into law on Thursday the bill for the establishment of the North Central Development Commission, NCDC, sponsored by the senator representing Benue South Senatorial District and Senate Minority Leader, Abba Patrick Moro and the other senators from North Central Nigeria.

News360 Nigeria reports that the bill, which passed first and second readings on October 5, 2023, and February 21, 2024, respectively, was first sponsored in the 9th Senate by Senator Moro, where it passed first and second readings, but could not get presidential assent before the expiration of the 9th Senate.

Senator Moro had argued in his lead debate that the commission, when established, would be saddled with the responsibility of receiving and managing funds from the federal government and donors for the resettlement, rehabilitation, integration and reconstruction of roads, houses and business premises of flood victims.

He added that it would also address the farmers-herders clashes, communal clashes, construction of large format drainage systems, dredging of rivers Niger and Benue to control floods and incidental matters, as well as tackling the menace of poverty, illiteracy and other related environmental or developmental challenges facing North Central Nigeria.

The passage of the bill followed the adoption of the report of the Senate Committee on Special Duties submitted during plenary.

The Deputy Senate President, Senator Barau Jibrin, who presided over the plenary, congratulated Senator Moro and all those who contributed to the success of the bill.

He expressed optimism that President Tinubu would assent to the bill for the overall development of North Central Nigeria, which comprises Kogi, Niger, Benue, Kwara, Plateau, Nasarawa and the Federal Capital Territory, Abuja

Oyebanji Commissions Multi-million Naira Palm Kernel Industry In Ekiti

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Ekiti State Governor, Mr Biodun Oyebanji on Thursday commissioned a new privately owned 200 metric tons per day capacity palm kernel oil (PKO) crushing plant in Ado-Ekiti with the assurance that the industrialization plans of the administration would reduce unemployment, hunger and poverty in the state.

Performing the commissioning of A-Bamisil Palm kernel Crushing Plant located along Ijan Road in Ado- Ekiti, Governor Oyebanji promised that his administration would play a supporting role for the businesses to thrive in the state adding that, his government views agriculture beyond food security but also as a business venture that would take the state to the next level of industrial and infrastructural growth and development.

He noted that the economic impact of the venture is enormous as it will generate the multiplier effects of job creation and increase production in the oil palm industry. He also called on Ekiti residents to take advantage of the venture and other industries being set up in the state to embark on aggressive plantation of palm fruits as the state now has ready market for the product in the state.

“We don’t have a choice as a government other than to walk this journey with you, I spoke with the Commissioner for Finance yesterday on the road that led to this place, and I said if someone can put this kind of investment here and the road will be like this and I promised that by next year, we will do the road because we have a government that is ready to partner with serious investors.

It is through investments like this that the state can maximize her agricultural potential and create jobs for our teeming youth. Today’s event is another testimony to our resilience push in the actualization of our agenda for industrialization of our state through private sector investment.” , the Governor stated.

While admitting that Ekiti state is an agrarian economy with comparative advantage in agriculture and a natural haven for agro-allied industry because of the abundance of raw materials in Ekiti and its environs, Governor Oyebanji disclosed that at full capacity, the factory will consume six trailers of palm kernel per/day showing the reason why it is imperative for residents to ensure provision of raw materials that will make the industry thrive.

“Any serious-minded person that wants to make money in agriculture should start planting palm kernel now because there is ready market for it. I am just pleading with our people that there is no way the government can employ all of us or give appointments to everybody. What government can do is to create an enabling environment for businesses to thrive, what we can do is to plead with serious investors to Ekiti to invest while citizens will now produce to feed those industries and that is what we are doing.” He added.

Earlier, the Minister of Agriculture and Food Security, Sen. Abubakar Kyari commended the executive chairman of A-Bamisil International limited for the significant milestone as a pivotal moment in the advancement of agricultural particularly in the oil palm industry.

The Minister who was represented by a Director in the Ministry, Mr Iwora Bassey noted that the 200 metric ton capacity plant, equipped with the latest technology is a testament to promoting excellence in the sector to integrate vertically and enhance the oil palm upstream and downstream sectors.

In his speech, the Executive Chairman of the Company, Mr Alaba Owoyemi described the industry as a significant milestone in his quest for sustainable oil palm production and by extension, contributing to the opening up of the economy of the state.

Also at the event were members of the state House of Assembly; members of the state executive council including Commissioner for Agriculture, Mr Ebenezer Boluwade; Commissioner for Trade, Industry, Investment and Cooperatives, Mrs Tayo Adeola; Ewi of Ado Ekiti, Oba Adeyemo Adejugbe; Commissioner of Police, Akinwale Adeniran among other dignitaries.

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CNG 40% Cheaper Than Petrol, 100 Stations Coming – NNPC

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The use of Compressed Natural Gas in automobiles is 40 per cent cheaper than using Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Company Limited announced on Thursday.

NNPC also announced that 100 CNG stations would be functional nationwide in 12 months, as it simultaneously inaugurated 11 CNG stations across various locations in Abuja and Lagos on Thursday.

Speaking at one of the locations in Abuja, the Managing Director, NNPC Retail Limited, Huub Stokman, said the stations represent a major step in extending the national oil firm’s CNG presence in Nigeria, marking an important moment in its efforts to diversify Nigeria’s energy mix.

Adding CNG to NNPC stations provides Nigeria with an affordable alternative to existing fuel products. CNG will be about 40 per cent cheaper than petrol in Nigeria. And with continued investments, it could become a significant part of our energy mix,” stated.

On the expansion of the stations, Stokman said, “In the next 12 months, NNPC Retail will have launched over 100 CNG sites.”

He said NNPC was “also supporting our implementation partners to set up two mechanical training centres combined with conversion centres in Abuja and Lagos.

“And it is fantastic that Nigeria is utilising its own natural resources to bring affordable energy to the people of Nigeria, and NNPC Retail is very proud to be part of this journey.” Nigeria has abundant gas reserves of about 209 trillion standard cubic feet.

The Group Chief Executive Officer, NNPC, Mele Kyari, said the company and its partners were developing infrastructures to further bring CNG closer to end users.

Kyari said, “I can see the benefits, people are saying that it works for them, it is cheaper and cleaner fuel and it is accessible. What we are going to do is to roll it out across all the states of the federation and it is already a work in progress.

“We will construct six CNG mother stations across the country between now and December and you will see this happen. We are also taking another step, we are building three LNG (Liquefied Natural Gas) stations in Ajaokuta, one of them belongs to us and the two others are done in partnerships.

“What this does is to bring gas closer to consumers because distance matters in transporting gas, which is why we are doing this so that it becomes accessible and easier. And this is for the short term because as soon as we complete the AKK pipeline it gets much closer to end users and ultimately as you reduce the distance, the cost will come down and you see cheaper fuel across the country.”

The Executive Vice President, Cleanergy Innovation Ltd, partners of NNPC in the design and installation of the CNG stations, Shettima Imam, said the retail outlets represent a significant step forward in Nigeria’s journey towards affordable, sustainable, locally sourced and environmentally friendly fuel solutions.

“These CNG filling stations show the commitment to diversify Nigeria’s energy offerings and promote Mr President’s CNG initiative. These new facilities are designed to ensure safe, reliable, and efficient service to all customers, aligning with global best practices.

“The CIL team’s expertise and dedication with the full support of the NNPC Retail team and its senior management, after meticulous planning and safeguards, have ensured the successful completion and delivery of this first step of the project, in a record time from the arrival of the equipment in Nigeria.

“Thus setting a new benchmark for CNG infrastructure in the region. These CNG stations are a testament to what can be achieved through collaboration and innovation,” Imam stated.

It was further explained at the event that the government had been subsidising the petrol consumption of an average car owner by about N6m to N9m per annum. But with the deployment and use of CNG, an average car owner would save about N12m annually.

All Mutilated And Rejected Naira Notes In The South Are Accepted in The North

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All the bad looking and mutilated naira notes that rejected in the Southern part of Nigeria, are used for business transactions in the North. You will be given mutilated naira notes as change in the North and you will also use the same money to buy something.

People don’t reject mutilated money in the North. You can also walk into any bank with your mutilated naira notes in the North and it will be changed for new naira notes. #10 and #5 are still in abundance in the North. While in the South, you hardly see #10. In Benin, PH and Delta people no longer use #5 for any business transaction. However, in the North, no one reject #5.