Nairaland Pulse | News

🗣 Nigeria’s Mining Sector Enters New Chapter – Tinubu

President Bola Tinubu declared the solid minerals sector pivotal to Nigeria's economic growth at the 9th Nigerian Mining Week in Abuja. Represented by the Minister of Innovation, Science, and Technology, Uche Nnaji, Tinubu highlighted efforts to modernize mining laws, enhance infrastructure, and promote sustainability under the Renewed Hope Agenda.

Key Achievements & Goals:

Progress Against Illegal Mining: Over 300 illegal miners, including foreign nationals, have been arrested and prosecuted. Plans for mining marshals and satellite monitoring aim to bolster enforcement.
Sector Growth: In 2023, solid minerals production reached 95.07 million tonnes, generating ₦9.01 billion in royalties. Exports rose to 4.32 million metric tonnes, valued at ₦117.29 billion.
Infrastructure Investments: Improved transportation, energy, and digital infrastructure are positioning Nigeria for global competitiveness.
Focus on Host Communities: Plans to enhance welfare and collaboration with stakeholders aim to unlock the sector's full potential.

Appeals and Recommendations:

Miners Association of Nigeria: Urged respect for constitutional governance of mineral resources and pragmatic regulatory frameworks.
Legislative Support: Senate and House Committee Chairs emphasized the need for increased funding to drive productivity and economic diversification.

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🗣Senator Musa Commends Umahi for Efforts on Niger State Federal Roads

Senator Sani Musa has praised Minister of Works, Senator David Umahi, for his leadership in rehabilitating federal roads in Niger State. Musa commended Umahi’s commitment to the Federal Government’s National Road Master Plan and the Renewed Hope Agenda.

He highlighted Umahi’s decisive actions, such as addressing challenges in ongoing road projects and taking legal measures to revoke underperforming contracts. Musa also acknowledged Umahi’s efforts to expedite key road projects, including the dualization of the Suleja–Minna road and the Bida–Lapai–Lambatta road.

He encouraged other governors to support federal contractors and work toward improving road infrastructure in their states.

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🗣CPPE: Monetary Policy Reforms Penalize Nigeria's Real Sector

Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise (CPPE), has expressed concerns that Nigeria's monetary policy reforms are disadvantaging the real sector by making financial instruments more attractive than investments in industry.

Speaking at the 2024 Treasury360 Conference, Yusuf noted that while the reforms offer opportunities for import substitution, they also lead to a banking system disconnected from economic development.

He urged policymakers to continuously evaluate the effectiveness of the reforms and focus on economic inclusion. However, Yusuf highlighted significant opportunities for export business, import substitution, and investments from the Nigerian diaspora.

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🗣 NAAE Advocates for AI Integration in Nigerian Aviation

The National Association of Air Traffic Engineers (NAAE) has called for the integration of Artificial Intelligence (AI) into Nigeria’s aviation sector, specifically within the Nigeria Airspace Management Agency (NAMA). NAAE President Engr.

Selzing Miri emphasized that AI adoption could enhance operational efficiency and urged the Minister of Aviation, Festus Keyamo, to review the current navigational charges, which are insufficient for NAMA's operations. Miri also announced the theme for their upcoming Annual General Meeting, focusing on AI's role in air traffic management systems.

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