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FG Earned $547m From 5G Spectrum Auction — Buhari

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President Muhammadu Buhari says the auctioning of the fifth generation (5G) spectrum generated over $547 million into the federal government coffers.

Buhari disclosed this on Tuesday while inaugurating the national shared services centre (NSSC) in Abuja.

The NSSC is a one-stop shop for ministries, departments, and agencies (MDAs) to interface with citizens; and also houses a cybersecurity operations centre, network centre, and call centre.

Speaking at the inauguration, Buhari said, aside from the revenue generated from the auctioning, the 5G spectrum an additional fueling option for funding development.

He also applauded the contributions of the digital sector in driving growth, creating employment, and generating revenue for the country.

On NSSC, Buhari said the facility would provide services that are “swift, secure, and seamless’’.

He added that the information, communication, and technology sector (ICT) had accelerated the diversification of the economy and contributed an unprecedented 18.44 percent to the gross domestic product (GDP), close to three times the 6.33 percent contribution of the oil sector in the second quarter of 2022.

Buhari further applauded the efforts made by the ministry of communications and the digital economy, and expressed delight at the unveiling and inauguration of a number of initiatives, which according to him had “further expressed the government’s commitment to developing a sustainable digital economy in Nigeria”.

“These initiatives are part of our administration’s efforts to position the digital economy as a key enabler for the diversification of our economy and as a catalyst for the transformation of every sector of our economy,” he said.

“You will recall that I unveiled and launched the national digital economy policy and strategy for a digital Nigeria on November 28, 2019, and I am very proud of the giant strides and the unprecedented progress that we have made in less than one year since the unveiling.

“To ensure that the digital economy sector remains successful and in order to reduce the burden on citizens, I recently approved the suspension of the proposed excise duty in the telecoms sector, as any initiative that will lead to hardship for the citizens would not be pursued.”

“We approved the national policy on virtual engagements for federal public institutions on October 14, 2020 and this enabled us to formalise government online meetings. As such, statutory meetings like the federal executive council meetings, council of state meetings, and other meetings can now take place online, effectively, and legally.

“Our administration’s commitment to data promotion and privacy is receiving praise across the world and we have increased our digital identity enrolments from 39 million in October 2020 to about 92 million today.

“The massive increase of about 63 million in about two years is a global success story and has led to several requests for partnership from countries within and outside Africa. I also approved the establishment of the Nigeria Data Protection Bureau on the 4th of February, 2022 to provide an institutional framework for data protection in Nigeria, in line with global best practices.”

Buhari also said the digital economy ensured continuity in governance during the restrictions that came into force as a result of the COVID-19 pandemic, adding that several policies and programmes to enhance the productivity of the digital economy sector had been developed.

“For example, national policy on NIN-SIM integration has enhanced the integrity of the national identification number (NIN) database. Similarly, the Nigerian Postal Service has been repositioned through the unbundling of its services to increase its efficiency and make it more viable as a revenue-generating agency of government.

“The two subsidiaries are the Property and Development Company and the Transport & Logistics Company. As part of the NDEPS I approved the 24th of October as ‘digital Nigeria day’. I am delighted that the maiden digital Nigeria international conference and exhibitions commenced on October 24, 2022. I am confident that the outcome of the conference, as noted in the communique, will support the growth of the digital economy sector.

“I signed the Nigeria startup bill into law on of October 2022. The Nigeria startup act is a landmark legislation of this administration to transform the pool of highly talented youth we have in Nigeria into a pool of highly innovative digital entrepreneurs. We aim to make Nigeria a global hub for digital talent. It was an executive bill that was initiated by the honourable minister of communications and digital economy.

On his part, Isa Pantami, minister of communications and digital economy, appreciated the president for his support for the digital economy, with turnovers in broadband/internet penetration, skills acquisition for global competitiveness, and infrastructure development, like the fibre optic cable, which was about 15,000kms in 2015, and increased to more than 60,000kms.

According to Pantami, there had been 2,255 interventions and programmes in the higher institutions of learning, secondary schools, and some private schools, and the quarterly revenue from ICT rose from N51 billion to N418 billion, while some prominent institutions like the Massachusetts Institute of Technology, United States, has shown interest in researching the pace of growth in the sector.

BIG STORY

Federal Government Lifts Ban On Mineral Exploration In Zamfara

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After more than five years of security restriction, the Federal Government has lifted the ban on mining exploration activities in Zamfara State, citing significant improvements in the security situation across the state.

Making the announcement during a press briefing at the weekend, the Minister of Solid Minerals Development, Dr. Dele Alake stated that the nation has a lot to gain from reawakened economic activities in a highly mineralised state like Zamfara that is imbued with vast gold, Lithium, and copper belts. He noted that the previous ban, which was good intentioned, inadvertently created a vacuum exploited by illegal miners to fleece the nation of its resources. He emphasized that the state’s potential for contributing to national revenue is enormous.

It will be recalled that in 2019, the federal government imposed a total ban on mining activities in Zamfara State due to the escalating security concerns, particularly the links between banditry and illegal mining.

Since the beginning of the Tinubu administration, however, intelligence-driven, coordinated security operations have resulted in the neutralization of key bandit commanders, significantly reducing incidents of insecurity. A recent success was the capture of one of the most wanted bandit commanders, Halilu Sububu, in a covert operation in Zamfara.

“The existential threat to lives and properties that led to the 2019 ban has abated. The security operatives’ giant strides have led to a notable reduction in the level of insecurity, and with the ban on exploration lifted, Zamfara’s mining sector can gradually begin contributing to the nation’s revenue pool,” Alake asserted.

The minister added that the lifting of the ban would also facilitate better regulation of mining activities in the state. This will enable more effective intelligence gathering to combat illegal mining and ensure the country benefits from the state’s rich mineral resources.

Commending members of the fourth estate of the realm for championing the propagation of reforms and initiatives of the ministry in 2024, Alake noted that the press have been key allies in efforts to sanitise the mining sector, and promote market reforms which have made the industry attractive to indigenous and foreign investors.

On the recent controversy surrounding the Memorandum of Understanding (MOU) with France, Alake reaffirmed the Federal Government’s position that the agreement does not imply Nigeria is relinquishing control over its mineral resources or entering into any military pact with France. He emphasized that Nigeria’s military remains fully capable of safeguarding the nation’s territorial integrity.

“The high point of the MOU is on training and capacity building for our mining professionals. We need all the assistance we can get in terms of capacity, technical, and financial support from abroad, and that wasn’t even the first we are signing. We’ve signed similar ones with Germany and Australia. Deliberate peddling of misinformation, despite facts to the contrary, is uncalled for, “the minister emphasised.

Dr. Alake also urged the media to continue to play its crucial role in educating the public about government policies in order to prevent ignorance, mischief, and the spread of misinformation.

Looking ahead to 2025, the minister hinted at upcoming policy initiatives aimed at revitalizing the mining sector. He revealed that the ministry plans to further consolidate reforms, enhance the enabling environment for investments, and continue efforts to reposition the sector for long-term, sustainable growth.

 

Segun Tomori, FSCA

Special Assistant on Media

to the Honourable Minister of Solid Minerals Development

 

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BIG STORY

Emefiele Loses Warehouse Built On 1.925 Hectares To Federal Government

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The Economic and Financial Crimes Commission (EFCC) has secured the final forfeiture of a warehouse linked to Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN).

According to The Guardian, top sources revealed that Justice Deinde Dipeolu of the Federal High Court in Lagos issued the forfeiture order on Thursday, December 19, 2024, with the property forfeited to the Federal Government of Nigeria.

The warehouse, built on a 1.925-hectare piece of land located at Km 8 along the Lagos-Ibadan Expressway in Magboro, contained 54 general-purpose steel containers.

The containers were filled with various types of sewing machines.

Earlier, on November 28, the judge had ordered the interim forfeiture of the assets after the Commission filed an application for their forfeiture.

Following the court’s directive for the EFCC to publish the order in two national newspapers, allowing any interested party to show cause why the assets should not be finally forfeited, the Commission later returned to court to request the final forfeiture of the assets.

According to the source, the court also ordered the forfeiture of the land on which the warehouse is situated to the government.

“At the resumed hearing of the matter on Thursday, EFCC Counsel, Rotimi Oyedepo, SAN, told the court that the EFCC had complied with the court’s directives to publish the assets in two national newspapers,” the source said.

“Citing Section 44(2)(B) of the constitution and Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006, he prayed the court to grant the final forfeiture of the assets.

“Justice Dipeolu granted the order, making the forfeiture another milestone in the asset recovery drive of the EFCC.”

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BIG STORY

10 Feared Dead, Several Others Injured At Catholic Church’s Palliative In Abuja

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A stampede at the Holy Trinity Catholic Church in Maitama District of Abuja on Saturday morning has resulted in several deaths and numerous injuries.

The tragic incident occurred during a palliative distribution event organized by the church to assist struggling residents.

It was reported that chaos erupted as thousands of residents rushed to receive relief items, leading to the deadly crush.

Over 3,000 people, including children, mostly from nearby areas such as Mpape and Gishiri Village, had gathered for the event before the unfortunate incident took place.

Mike Umoh, the National Director of Social Communications at the Catholic Secretariat of Nigeria, confirmed the incident.

“Yes, it’s true, but the details are sketchy,” he said in a brief statement.

On the same Saturday, a stampede in Okija, a community in Ihiala Local Government Area of Anambra State in Nigeria’s South-east, also left many people dead.

According to Premium Times, witnesses reported that the victims had gathered to participate in the distribution of bags of rice donated by a well-known entrepreneur, Ernest Obiejesi, commonly referred to as Obijackson.

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