Business & Economy
Diri Proposes Economic Ties Between Africa’s Sub-Nationals *Bayelsa, Angolan Province To Partner On Fisheries, Agric
By David Owei, Bayelsa
Governor of Bayelsa State, Senator Douye Diri, has advocated economic cooperation between states in Africa.
Governor Diri said such cooperation would promote African unity, boost the economies of the sub-nationals as well as reduce the economic dependence on the Western world.
The Bayelsa governor stated this at the weekend during a meeting with the Governor of the Province of Namibe in Angola, Mr. Archer Mangueira.
He said Bayelsa and Namibe shared similarities as coastal states bordering the Atlantic Ocean and that both states could benefit from areas that they had comparative advantage.
Namibe has developed its marine economy to become the fishery hub of Angola and the southern African sub-region, with discussions between both leaders centred around exploring the opportunities of collaboration in this sector.
Diri said: “We have discovered that relationship between governments has not been very cordial across the continent of Africa. We rather prefer to value our relationship with Europe and Asia.
“Among presidents and governors, we have not related so well and I think that this kind of visit will address such relationship within us in Africa, particularly between states and countries.
“Bayelsa has a whole lot of similarities with Namibe. Like your province, Bayelsa borders the Atlantic Ocean except that Namibe has low lands with a dual advantage of the Atlantic Ocean and the desert.
“Bayelsa is at the heart of the Niger Delta, which is the oil-producing region of Nigeria, and like Namibe, it is also in the southern flank of our country. The state is very rich in oil and gas, and, in fact, it is richer in gas than oil.
“Like Namibe, we are also interested in fisheries because of our aquatic location and having the longest coastline in Nigeria, which has remained largely untapped and undeveloped. So, as we speak, our government is constructing roads to hit the Atlantic Ocean on three fronts in order for us to actually explore the ocean as you have done in Namibe. From what we have seen, we can collaborate in fisheries, which is one area you can explore beyond Bayelsa.
“I have also seen that there is a developed and function seaport here. We are trying to develop a deep seaport at a place called Agge, and we are looking out for investors that have the potential and resources to actualise this. So we are interested in collaborating with you on that.
“Also in agriculture, our land is very fertile for the cultivation of rice, plantain, cassava, bananas, potatoes and vegetables. We recently established a relationship with the South Korean Government, which has donated equipment to our state for mechanised farming.
“I believe that there many areas we can collaborate. Where you have comparative advantage, you produce, and where we have comparative advantage, we also produce.
“From our meeting, I’m aware that Namibe is also a potentially oil producing state. So, areas of collaboration include fisheries, agriculture, culture, tourism and potentially oil and gas.
“This meeting should be an eye opener for African countries and states. There is need to have this kind of bilateral relationship between states in Africa.”
Governor Diri thanked his host, Archer Mangueira, and his Vice-Governors, Ema Samali Henriques da Silva and Abel do Rosário Kapitango, for the warm reception accorded him and his delegation, saying it epitomised the true spirit of African brotherhood.
In his remarks, Governor of the Namibe Province, Archer Mangueira, said he was excited about the visit and the prospects for collaboration and investments.
Describing Namibe as the Land of Happiness, Mangueira noted that there was a lot to learn and benefit from a huge country like Nigeria.
He said although the province grapples with erosion challenges, it was focusing on its tourism sector for economic development of the region.
“We also have a very rich ecological biodiversity and a desert that is considered the oldest in the world. We have had potential in the fishery industry since the colonial era. Unfortunately, we do not have the level of funding that we had previously. Nevertheless, it remains one of the most important sectors for our socio-economic development.
“The oil industry also holds a lot of potential and we look forward to your expertise and support. We equally have the mining sector apart from oil. At the moment, we are exploring the mining sector for marble and granite production.
“This year, we are looking at complete the modernisation of our seaport to make it possible for export of our minerals.
“We look forward to the expertise of Nigeria and learn how it developed its mining sector. We are privileged to be in an area that is abundant in many minerals. So, there is a lot of potential to invest.
“We would like to learn from Nigeria’s experience regarding the use of pesticides and the treatment of agricultural products. We are open to partnerships with Nigeria to develop our agricultural sector in Angola, cultivating crops like watermelons, bananas, and mangoes.
“We believe that cooperation between our countries is key to advancing towards development. Mutual cooperation can be an effective way to overcome underdevelopment.
“It is important to emphasise that, in forming partnerships, we should also seek investments in the financial sector. There are already movements in this direction in Angola, with the presence of banks and ongoing negotiations. South-South cooperation should be prioritised as should agricultural development initiatives.
“I firmly believe that the future of African development is intrinsically linked to the strengthening of the agricultural sector in our countries. Thus, I accept the governor’s invitation for us to work together to build an agenda that is not limited to meetings but results in concrete actions that benefit our regions and strengthen our relations.”
Governor Diri was accompanied by a member of the House of Assembly, Hon. Ebizi Brown, the Secretary to the State Government, Prof. Nimibofa Ayawei, and the Deputy Chief of Staff, Government House, Mr. Iroro Komonibo.
Business & Economy
Senate Confirms Mukhtar, Gamawa RMAFC
By George Mgbeleke
To ensure effective service delivery in the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC), the Senate has confirmed Abdullahi Mukhtar and Amina Gamawa as Commissioners representing Kaduna and Bauchi states respectively in the Commission.
The Senate made the confirmation following
Senate’s consideration of the report of its Committee on National Planning and Economic Matters during plenary at the National Assembly Complex, Abuja.
Senator Augustine Akobundu, who represents Abia Central Senatorial District, stood in for the Chairman of the Committee, Senator Musa Mustapha, and moved the motion for consideration and approval of the nominations.
Presenting the Committee’s report, Akobundu, who represents Abia Central Senatorial District, told the Chamber that the nominees are competent and qualified for the job for which they were nominated by President Bola Tinubu.
During the screening of Mukhtar on Tuesday by the Committee on National Planning and Economic Matters, members of the Panel observed that he had made several appearances to the Senate for confirmation in his previous appointments.
For instance, when Abdullahi Mukhtar, who is a former Chairman of the National Hajj Commission of Nigeria (NAHCON) was appointed under the administration of the late President Muhammadu Buhari, he was screened and confirmed by the Senate.
Therefore, the Committee argued that since he was found worthy by the Senate to serve Nigeria in that capacity and other capacities, there was no need to subject him to rigorous interrogation.
A member of the Committee, Senator Osita Izunaso, therefore, moved a motion that he should be granted the honour to take a “bow and go”, a request that was overwhelmingly adopted by members and he took a bow and left.
“Mr Chairman and Distinguished colleagues, in line with our tradition, the nominee before us for the position of Commissioner, Revenue Mobilization, Allocation and Fiscal Commission (RMAFC), is well known to us, having screened him in the past for some other very important positions like Chairman, National Hajj Commission of Nigeria (NAHCON).
Following Senate procedure, Senate President Godswill Akpabio referred the confirmation process to the Committee of the Whole. The appointments were put to a voice vote and approved by Senators.
After the confirmation, Akpabio advised the new appointees on the importance of their offices, stressing the need for them to live up to expectations and discharge their duties with diligence.
President Bola Tinubu had written the Senate seeking the confirmation of the two nominees to serve as Commissioners in the Revenue Mobilization Allocation and Fiscal Commission in accordance with Section 154(1) of the 1999 Constitution (as amended).
This request was referred to the Senate Committee on National Planning and Economic Affairs, with a mandate to report back to the Red Chamber within one week.
President Tinubu in his letter, emphasized that these appointments are critical for the continued transparency and efficiency of federal agencies.
Business & Economy
Niger State Moves to Sanitize Mining Sector, Tackles Illegal Activities
BY UTHMAN BABA-NASEER,MINNA
The Niger State Government has reaffirmed its commitment to reforming and regulating the mining sector to boost economic growth and protect local communities.
The Commissioner for Mineral Resources, Muhammad Qasim Danjuma stated this during an interview with journalists, where he highlighted ongoing efforts to address illegal mining and attract genuine investors into the state.
Danjuma described Niger State as one of the most blessed in Nigeria in terms of mineral deposits, noting that proper management of these resources could significantly improve the state’s economy and infrastructure.
According to him, “Niger State has witnessed several administrations since its creation in 1976, but the current era is bringing remarkable transformation across all the 25 local government areas, especially in infrastructure development.”
The Commissioner commended the leadership of Governor Mohammed Umar Bago, describing his emergence as a “divine opportunity” for the people of the state. He said the administration has demonstrated strong commitment, dedication, and visible development projects, unlike previous governments that made promises without delivering.
Speaking in the mining sector, Danjuma explained that the Ministry of Mineral Resources was created in 2017 after being separated from the Ministry of Environment. Since then, efforts have been made to reposition the sector for better performance.
He, however, identified illegal mining as a major challenge affecting the sector. According to him, many individuals and groups operate without proper licenses or community consent, thereby causing environmental damage and security concerns.
“Illegal miners and some cartels are exploiting the state’s resources for personal gain. This is a serious problem we are working hard to address,” he said.
The Commissioner explained that for anyone to operate legally, they must obtain a valid license from the Federal Ministry of Solid Minerals Development and also secure consent from host communities and clearance from the state government.
He further noted that the state has introduced new procedures requiring mining companies to engage host communities, ensure environmental protection, and contribute to local development through Community Development Agreements (CDAs).
Qasim Danjani added that the government is also encouraging artisanal miners to form cooperatives, which will enable them to operate legally and benefit from government support.
“We are working to formalize their activities, provide guidance, and ensure they contribute positively to the economy,” he said.
On enforcement, the Commissioner disclosed that several illegal miners have been arrested, while operations are ongoing to identify and remove others across the state.
He also emphasized the importance of collaboration with security agencies and federal authorities to curb illegal activities and prevent insecurity linked to unregulated mining.
The Commissioner assured that the government is creating a conducive environment for both local and foreign investors, stating that registered companies operating legally in the state are given full support and protection.
“If properly managed, the mining sector can generate revenue for the government and fund critical projects such as roads, hospitals, and other infrastructure,” he added.
Danjuma reiterated that the ultimate goal of the government is to ensure that mining activities benefit the people of Niger State while safeguarding the environment and maintaining peace in mining communities.
Business & Economy
Tinubu seeks NASS approval for Fresh US$516,333,007 loan for construction of Sokoto-Badagry Superhighway Project
By George Mgbeleke
President Bola Ahmed Tinubu on Thursday requested the National Assembly to formally prove a foreign loan to the tune US$5168,333,007 for the construction of Sokoto-Badagry Superhighway Project.
In a letter addressed to the President of the Senate, Senator Godswill Akpabio and read to Senators at the Thursday plenary, President Tinubu urged the lawmakers to prove the proposed foreign loan for financing arrangement of a syndicated loan facility of US$516,333,007 for construction of the Sokoto and Badagry Superhighway Project.
The official communication reads:
“The purpose of this communication is to formally request the resolution of the National Assembly, pursuant to the provisions of Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011, to approve a proposed foreign financing arrangement of a syndicated loan facility of US$516,333,007 for the construction of the Sokoto–Badagry Superhighway Project.
“Specifically, approval is sought for:
A. The syndicated financing facility from Deutsche Bank in the total sum of US$516,333,007 for the execution of Sections 1, 1A, and 1B of the Sokoto–Badagry Superhighway Project.
B. The inclusion of the said financing in the Federal Government’s borrowing plan, as earlier approved by the National Assembly.
The Senate is invited to note that the Sokoto–Badagry Superhighway is a flagship infrastructure initiative under the Renewed Hope Agenda.
“The project is designed to open up Nigeria’s northwest–southwest economic corridor through the construction of an approximately 1,000-kilometre high-capacity carriageway, linking Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos States, stretching from Illela to Badagry.
“The project is expected to:
Enhance north–south connectivity and road safety
“Improve network performance along the corridor
“Reduce logistics costs and travel time
“Facilitate trade and strengthen food security.”
Continuing the statement added, “Promote national integration by linking production zones to markets and ports
Provide long-term intermodal flexibility through provision for future rail integration and utility corridors
“The proposed financing arrangement comprises a syndicated loan to be secured through Deutsche Bank AG, supported by a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank.
“The Federal Government will provide counterpart funding in the sum of ₦265,542,689,569, covering land acquisition, compensation, and ancillary infrastructure.
“The loan has a tenure of nine years, including a grace period of up to three years, with an interest rate not exceeding the Chicago Mercantile Exchange (CME) SOFR plus 5.3 percent per annum.
“The Federal Executive Council has approved the financing arrangement and its terms.
“In light of the foregoing, approval is hereby requested from the National Assembly for:
The syndicated loan facility of US$516,333,007
“The inclusion of the facility in the borrowing plan
“The execution of Sections 1, 1A, and 1B of the project, covering approximately 120 kilometres
“A draft resolution is attached for ease of reference.”
He expressed optimism that he looks forward to the expeditious consideration and approval of this request by the Senate.”
Meanwhile,Following the presentation of the President’s request, the letter was referred to the Senate Committee on Local and Foreign Debts, with a directive to report back within one week.
Contributing to the debate, Senator Adamu Aliero commended the President for initiating what he described as a landmark project that had remained on the drawing board for over five decades.
He noted that the project is already taking shape, citing firsthand inspection of completed and ongoing sections.
According to him, the superhighway—constructed using reinforced concrete and equipped with solar-powered street lighting—meets modern infrastructure standards.
The senator stated that significant portions of the road pass through multiple states, adding that the project would drastically reduce travel time between Sokoto and Lagos from approximately 13 hours to about six hours.
He described the initiative as transformative, with the potential to positively impact the northwest, north-central, and southwest regions of the country.
Senator Aliero urged his colleagues to support the project by approving the report of the Senate Committee on Local and Foreign Debts once it is presented.
In his remarks, the President of Se Godswill Akpabio, who presided over the plenary, aligned with the position, describing the project as a major economic game changer capable of saving lives and boosting national productivity.
He emphasized that borrowing for critical infrastructure is justified, particularly where such investments yield long-term economic benefits and can facilitate repayment through generated value.
The Senate leadership subsequently urged the committee to expedite its review to enable timely consideration and approval.
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