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Federal Government To Grant Mining Licenses To Only Companies That Process Locally

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Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on Thursday.

This is a departure from Nigeria’s long-standing practice of exporting raw commodities, as governments around Africa work to increase the value derived from their substantial mineral reserves.

To spur investment, Nigeria will offer investors incentives including tax waivers for importing mining equipment, make it easier to secure electricity generation licences, allow full repatriation of profits and boost security, Segun Tomori, a spokesperson for Nigeria’s minister of solid minerals development said.

“In exchange, we have to review their plans for setting up a plant and how they would add value to the Nigerian economy,” Tomori said. He did not say when the guidelines would be finalised or come into effect.

However, last week the minister of solid minerals development, Dele Alake, said it was now government policy to make value addition a condition for obtaining licences so as to create jobs and help local communities.

Alake, who also chairs an African mining strategy group comprising mining ministers from Uganda, Democratic Republic of Congo, Sierra Leone, Somalia, South Sudan, Botswana, Zambia and Namibia, is pushing for a continent-wide effort to get maximum local benefit from mineral exploration.

Nigeria, Africa’s top energy producer, has struggled to extract value from its vast mineral resources due to poor incentives and neglect. The underdeveloped mining sector contributes less than 1% of the country’s gross domestic product.

Last year Nigeria exported mostly tin ore and concentrates worth about 137.59 billion naira ($108.34 million), mainly to China and Malaysia, according to the country’s statistics bureau.

The government aims to drive more investment into the sector by issuing more licenses. It has set up a state-owned solid minerals corporation offering investors a 75% stake and established a special security unit tasked with fighting illegal miners.

The government is also trying to regulate artisanal miners, who dominate the sector, by grouping them into cooperatives.

Foreign mining companies operating in Nigeria include Canada-based Thor Explorations which is involved in gold exploration, Chinese-owned Xiang Hui International Mining which partnered with a local company to process gold, and Indian-owned African Natural Resources and Mines, which is building a $600m iron ore processing plant in northern Nigeria.

BIG STORY

Security: Army Foils Kidnap Attempt, Rescue Six Victims In Taraba

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Troops from the 6 Brigade Nigerian Army/Sector 3 Operation Whirl Stroke successfully thwarted a “kidnap attempt” and “rescued six victims” along the Wukari-Kente road in the Wukari Local Government Area of Taraba State.

The operation, conducted on April 27, 2025, was initiated following “a distress call from the Executive Chairman of Wukari LGA alerting security forces to an attack on travellers in the area.”

“Troops stationed at the Forward Operating Base Wukari were swiftly mobilised to the scene.”

This information was conveyed in a statement issued on Tuesday by the Acting Assistant Director, Army Public Relations, 6 Brigade, Captain Olubodunde Oni.

“Responding swiftly, the troops launched a prompt rescue operation to the area and rescued the victims unhurt,” the statement read.

Upon arriving at the location, “troops found a white Toyota Hilux vehicle with a flat tyre abandoned by the roadside.”

“Shortly after, six individuals emerged from the nearby bush, unharmed, and identified themselves as the occupants of the vehicle,” the army said.

The victims recounted that they “were travelling from Yola to Lafia when gunmen, suspected to be kidnappers or armed robbers, ambushed them from the rear.” They “abandoned their vehicle and fled into the bush for safety.”

After confirming the area was secure, “the soldiers assisted in replacing the damaged tyre and escorted the travellers until they were safely back on their journey.”

Commander of the 6 Brigade, Brigadier General Kingsley Uwa, “lauded the troops for their swift response and professionalism.” He “reiterated the brigade’s commitment to protecting lives and property across Taraba State.”

Brig. Gen. Uwa also “urged residents to support security efforts by providing timely and credible intelligence.”

“We remain resolute in our mission to ensure peace and security across Taraba State and its environs,” he assured.

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BIG STORY

JUST IN: My Defection From PDP Imminent, Governor Eno Declares

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Governor Umo Eno of Akwa Ibom State has “given hint of his possible defection to the ruling All Progressives Congress (APC),” noting that the main opposition Peoples Democratic Party (PDP) “was like a spoilt plane and may no longer has the capacity to take him to the next destination from 2027.”

Speaking against the backdrop of recent gale of defections from the PDP with the latest being the Delta State governor Sheriff Oborewori, who moved with several supporters to the APC, Pastor Eno hinted that “the heavily fragmented PDP may soon grind to a halt.”

Addressing a mammoth crowd that thronged the Town Square meeting of the Ukanafun/Oruk Anam federal constituency on Tuesday at the QIC Central School, Ikot Akpankuk, headquarters of Ukanafun local government area, the governor disclosed that “he might join the fray soon as the crucial 2027 election year inches closer.”

“If you wanted to travel with Ibom Airline, and on the verge of taking off, it developed a fault that won’t enable it to fly, won’t you board the next available plane to take you to your destination?” Eno queried.

However, the governor, who enjoined the people to remain steadfast in support of his administration in its quest to deliver on its campaign promises, doled out empowerment succour to over 400 people, including business grants, cars and other freebies.

154 constituents benefited from the Traders Grant, 116 received Farmers Grant, four got N5 million each for the MSME Grant, and 131 were beneficiaries of the Equipment Support Initiative.

He, therefore, urged the beneficiaries to make judicious use of the resources at their disposal, warning beneficiaries to desist from deploying it to ponzi schemes or any other unintended purposes.

He said: “We need to meet with the people from time to time to see them. It’s not only during elections that we should come to see our people. We also have to come and see you in the course of governance, to check your wellbeing, to listen to you, tell you what we have done, and what we are planning to do.

This is the fourth federal constituency we have visited, we have six more to go and we will finish all in time for the budget department to capture the needs in the 2026 budget.

“We will go through your requests and tell you the ones we have decided to do, based on available funds. We might not be able to do all, but whatever is left we will add to subsequent budgets.

“We will always work with the people because this government is of the people, for the people, and by the people,” he stated.

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Court Orders EFCC To Release Aisha Achimugu Within 24 Hours

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Justice Inyang Ekwo of the Federal High Court in Abuja has instructed the Economic and Financial Crimes Commission (EFCC) to release socialite and businesswoman, Aisha Achimugu, within a 24-hour timeframe.

Justice Ekwo further directed that the involved parties must report back to the court on May 2nd to provide an update on the compliance with his order.

Previously, on Monday, Justice Ekwo had mandated Achimugu to present herself to the anti-graft agency concerning an ongoing investigation related to money laundering and other alleged offenses.

Justice Ekwo also stipulated that following her appearance at the EFCC office, the anti-graft agency was required to return with her to the court on Wednesday, April 30th, for a progress report.

It is worth noting that the EFCC apprehended Achimugu at 5 am on Tuesday at the Nnamdi Azikiwe International Airport.

The EFCC is currently investigating Achimugu regarding allegations of conspiracy, obtaining money under false pretenses, money laundering, corruption, and possessing properties reasonably suspected of being unlawfully acquired.

While she had been arrested and interrogated by the EFCC previously, she was granted administrative bail by the commission.

However, the EFCC claimed that she violated her bail conditions and subsequently declared Achimugu wanted.

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