Nigerian govt renames Solid Minerals Ministry, approves new mining roadmap

Kayode Fayemi
Kayode Fayemi

The Federal Executive Council has approved a new roadmap for the growth and development of the nation’s mining sector and the renaming of the Federal Ministry of Solid Minerals.

The ministry will now be known as Federal Ministry of Mines and Steel Development.

The Minister of Mines and Steel Development, Kayode Fayemi, disclosed this when he addressed State House correspondents on the outcome of the Federal Executive Council (FEC) meeting, which was presided over by President Muhammadu Buhari.

According to him, the new roadmap, which is built on the old roadmap, seeks to grow the contribution of mining to the Gross Domestic Products (GDP) in line with the Federal Government’s determination to further diversify the nation’s economy.

He said that under the new roadmap, there would be an independent regulatory agency for the mining industry as being advocated for by the operators in the mining sector.

“What it seeks to do is to grow the contribution of mining to the GDP (Gross Domestic Product) in line with the president’s vision to diversify our revenue base in the country, stressing the place of agriculture and mining in that.

“What distinguishes this roadmap, which builds on the old roadmap that was approved by the council in 2012, is its determination to set up an independent regulatory agency, which investors have been insisting on that the ministry which has been serving as facilitator should also not be the one that regulate them,’’ he said.

The Minister announced that the Inspectorate, Environmental Compliance and the Artisans and Small Scale units of the ministry would form part of the regulatory agency.

He said that in the new roadmap, there would be partnership between the federal and state governments.

He said that the partnership would address the persistent misunderstanding and conflicts between the Federal Ministry of Mines and Steel Development and states’ Ministries for Mines.

Also addressing the correspondents on the outcome of the FEC meeting, the Minister of Finance, Kemi Adeosun, disclosed that the Council approved a 3-year borrowing plan of “low cost loans’’ for the country.

She said the external borrowing plan, which would be forwarded to the National Assembly, would enable government to access low interest loans from multi-lateral agencies such as World Bank, Africa Development Bank and China Exim.

The minister dismissed the insinuation that those managing the nation’s economy were running out of ideas and confused.

According to her, even though the country is in difficult time, the government is extremely focused and the country is going to bounce back as Nigeria is in the right hands.

“No, we are not confused, the time is confusing but we are not confused. We are extremely focused.

“We know that if we can just bear and get through this difficult period, Nigeria is going to be better for it.

“If we rely on oil and the price of oil remains low and the quantity of oil remains low, we can’t grow.

“We have to grow our non oil economy.

“I think we have a long way to go.

“We’re not confused and we are not deceiving ourselves that everything is rosy. It’s not.

“It is a difficult time for Nigeria but I think Nigeria is in the right hands and if we can stick with our strategy, we still have some adjustments to make. I think we need to make some adjustments in monetary policy.

“It’s quite clear we do and we will do that.

“We’re working on that. We need to try and find a way to support the manufacturing sector better and we will do that,’’ she added.

In his contribution, the Minister of Agriculture, Audu Ogbeh, announced that the council approved the renewal of the E-Wallet system of fertiliser allocation and distribution to ensure policy continuity.

He, however, stated that the process would be modified to address some identified challenges in the system.

The Minister of Education, Adamu Adamu, disclosed that the council approved the construction of International House in University of Ibadan to serve as hostel accommodation for foreign students in the institution.

He said the council also approved a new Library Complex for University of Lagos, at the cost of N1.9 billion.(NAN)

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  • GEJ FOREVER

    WASTE OF TIME ….. HALLMARK OF FAYEMI’S WELL KNOWN ACADEMIC INCOMPETENCE .

    This is just waste of scarce resources … Fayemi will spend Billions of Naira on changing letter headed paper alone

    • Sir Demo

      Wailing Wailer at his best. It is ur lot.

      • donMe$$i

        Wow! Guess WHAT the cat dragged in??
        One of the e-zombies that have been M.I.A. due to baba’s catastrophic performance!
        Lol! Abeg say hi to your siblings in hibernation.
        I dey laff ooo!!

      • UOU

        How much are they paying you here? do you think it worth all these you are doing to your conscience, ask yourself ?

    • veritas

      LOL. That is true sha…

    • hotmancold

      You spoke my mind and captured my thoughts.

      • Sir Demo

        Mind? Well even a moron has got one though.

  • Otile

    God forbid evil. Nigeria is in the hands of imbeciles. Can this people not do anything useful for the suffering Nigerians?

    • Sir Demo

      Otile, the Moron that never disappoint.

    • Demola Leigh

      @gejforever:disqus

      BUHARI, BUHARI, BUHARI, dissolve your cabinet now and consider sending your resignation to Senate.

      You have no ideas, no clue, no plans, no initiative, no solutions – but platitudes and sheer irrelevancies.

      Renaming the Ministry of Solid Minerals, setting up a regulatory agency for solid minerals, are irrelevant.

      Nigeria is in mired in a severe recession with double digit inflation, incessant power failure, devalued Naira.

      Your waking up from slumber as Nigeria sinks under petrol price hike, is much worse than sleeping on the job.

      • Sir Demo

        A patriotic and sane Nigeria know that no govt is ever truly committed, capable and honest in solving our problems than this. It is ur lots to wail and bark though.

  • emmanuel kalu

    The people would not think that you are confused if you had effective communication of an actual plan.

  • donMe$$i

    HOLD UP!!
    WHY DID PREMIUM TIMES ATTEMPT CONCEALING AUDU OGBEH/APC’s COPY-CAT ACT???
    The HOT gist here is that the CLUELESS buhari/APC junta have crawled back to the jona/PDP fertiliser e-wallet system..For ‘policy continuation’!
    Hahahahahahaa!!!!!
    Kai!! LWKMD!!!
    HAHAHAHA! CLUELESS BUNCH WITH ZERO ORIGINALITY!

  • Ekong

    Because Australia has ‘discovered’ nickel used in hardening steel this clueless government decides to change the name from solid minerals to mines and steel development, when Equatorial Guinea comes and rediscovers ‘coal’ what will they then call the ministry?

    • Sir Demo

      So inane, vacuous and boring!

  • Apostel

    Next week you hear, the Federal Executive Council has approved the renaming as Federal Ministry of Mines, Steel, Charcoal, Goat Meet, Ground Nut and Palm Oil.
    Nigeria we hail thee.

    • Sir Demo

      Are u a Nigerian? Leave Nigeria for Nigerians Biko! We never have so much challenges and opportunities to become a great nation at last.

      • Apostel

        And which argues against a Ministry of Mines, Steel, Charcoal, Goat Meet, Ground Nut and Palm Oil?

  • Abdulmojeed Nojeemdeen

    Who cares,guys carry on God Is on your side. Whoever is not satisfied shout quit the country. We are ready to be patient as we know you mean well for us. We don’t care about these lazy wailers since that is what they are major and specialize in.

  • Commentsfile..!!!

    “Everything” Looking very good for the positive minded .
    way to go.. thank God for this great Team of ours.
    but before you complain let me complement you..
    “that you have a head and cant use it is an amazing talent”.

    • veritas

      LOL….. 10 points

  • Aiyekoto

    Thank God, Fayemi admitted that the new road map is built on the old one of 2012 of the Jonathan era. Kudos for continuity and for not condemning everything done by the Jonathan administration.

  • UOU

    Patheticy, too petty, so change of name is part of the change, what of change of fortune?

  • Senator D

    Your Land Or Your Blood.
    By Adamu Mohammed.

    Ever since President Muhammadu Buhari took over the mantle of leadership of this great country Nigeria, we(Hausa-Fulanis) have come under severe media attack from enemies of progress. Just because they are educated than us, they stereotype us with negativity. Just because they own and control the media, they use the media against us.
    But let me make something clear to you stu*id fellows hating us, whether you love us or hate us, it doesn’t change anything. We are who we are and we will continue to remain like that. We hate you even more and we can never love you because you are all infidels. I pity those of you who keep deluding yourselves that we can love and trust you simply because you worked against your people to our own advantage, never!

    I heard that the stup*d Governor of Oyo State, Ajimobi said that they won’t accept the proposed Grazing Bill. But my message to the filthy Yoruba pig is that, if you don’t want to give us your cursed land, we will rear our cattle not only on your farmlands but in your churches. And if you try to stop us, we would killed your chicken hearted men like rabbits then turn your mothers, wives, sisters and daughters to our sex slaves like we have always done.

    It is either you give the whole of South to us to use as grazing reserve or we soak it with your blood. And what you would do like you always do is noise on Facebook and Twitter. you cannot be united against us because there would always be the likes of Tinubu, Amaechi and Okorocha in your midst who will divide you for selfishness and love of money. Such treacherous characters can’t survive in our midst because we burn them and their families.

    I so much detest Southern Christians because they are the problem of this country. If I have my way, there won’t be any functional church in this country, especially in the North. That’s why I am so much happy with Governor El-rufai who is living up to the expectations of Allah in Kaduna State. We are not really pleased with President Muhammadu Buhari who is too slow to implement everything we asked him to implement in this country for us, he has not even done 20% of the Northern/Islam agenda, what he is waiting for I don’t know.

    We will make life unbearable for Igbos like they are in Hell, and yet we won’t let them have their useless Biafra because the whole of South is a conquered territory. We can never see Yorubas as allies no matter how hard they try to please or serve us because they are born traitors and infidels. Those slaves in the Middle Belt would continue to be willing tools in our hands, and the day they attempt to raise their heads, we will cut off their heads like weeds. I lack words to tell the inconsequential and always crying Niger Delta because what we are waiting for is for President Buhari to declare state of emergency in Rivers, Bayelsa and Delta, then we will show them how to use power. Niger Delta Avengers we will crush you all. America has given us their blessing and Insha Allah we will do as they have advised…

    We are at war with the rest of Nigeria but we won’t allow the country to breakup because, natural resources found in any part of the country is our heritage and birth right. We will continue killing you in large numbers until you are truly submissive to us as your slave masters. We won’t stop killing you until we fully takeover your land as a conquered territory. This is not the time to mince words, this is not the time to sugarcoat things, and this is not the time to be economical with the truth, this is nothing but the truth, ignore it at your own peril.
    [5/5, 9:16 PM]GRAZING RESERVE BILL………

    • veritas

      LOL you are delusional. Did we say dont get educated? Last time i checked this is the technologically advanced 21st century. No one rides horses as military vehicle’s or invade with them. You just wait for Nigeria’s tony stark. he will rise soon and we shall see if the atrocities you mentioned above would continue. He will be everywhere to put tribalist genocidal maniacs in the ground and He shall put the Nigerian Army in check to serve Nigerians and not islam only. Bring on the fight Boy. unlike you who attacks civilians at nights in their sleep, we trained in offence and self defence. So bring it on and we shall see who falls 1st. “WE RISE, YOU FALL”

      • Senator D

        This an excerpt from the book written by Adamu Mohammed…

        • veritas

          Oh sorry. Didnt know who he was. i wish i could reach him. That reply is for him. sorry

          • Senator D

            It’s a recent book… The guy spits so much sh*t from his mouth. I have heard this story somewhere before now but didn’t take it serious until now…

          • Samadani

            Please help us with the title of the “book” and possibly where to get it. Woe unto mischief makers! The shall never prosper. In despair they shall die. Amen!

          • veritas

            i have heard it now and will take him serious (watching him)

    • The writer can only come from one tribe,your guess is as good as mine,they will do anything to dismember this country for their selfishness and myopic agenda.i am very sure the writer is not an Hausa Fulani,100% sure!.

    • Samadani

      Woe unto mischief makers! They shall never be happy in life. Amen!

    • Solomon Brown

      I was taken aback for a second there. Thanks for putting this out there.

    • Moses.O.

      You’re an impostor and a Biafra surrogate.Its not hard to discern.Try again .

  • favourtalk

    The nation will move forward, we will surely never fail and the country will be transform

    • thusspokez

      When will it start this process?

  • Bimbola

    Almost every project in Nigeria begins as a road map and ends as a road map. Nothing gets done. We want these guys to stop talking and start working.