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Showing posts from October, 2020

Nigeria to dig for Wealth at the mines.

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  Nigeria’s diversification plan may still be on track. The nations mines ministry says 50 mines would be operational by 2023.   COVID-19 brought home the reality that oil alone can’t be trusted to earn Africa enough revenue to cater for her citizens. The recent low oil price is a clear evidence of this. The fall in all price resulted in an increase in the price of gold.   Nigeria’s Minister of Mines and Steel Development, Olamilekan Adegbite said, the pandemic has slowed things down, but we can catch up”. The nation has a projection of earning 3% from the both processing and available raw minerals.   An example is barite, which used for drilling oil and gas. And the market for it primarily is in Africa, where more exploration for black gold are being carried out.   The minister expects more artisanal miners to benefit from the new plan. This is possible when they form cooperative societies and sell the ores, mostly gold to government buying centres instead of ...

Buhari Comments On #EndSARS Protests, Meets IGP And Promise Action

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Nigeria’s President Muhammadu Buhari comments on the #ENDSARS protests spreading across the nation. He assures of his administration’s commitment to reforming the SARS unit across Nigeria. The President, made the comments in a series of tweets on Friday night, said he had met with the Inspector General of Police, Adamu Mohammed, who he said has briefed him on moves to reform the unit. He urged Nigerians to be patient and calm as they freely exercise their right to protest peacefully. Buhari tweeted: “I met again with the IGP tonight. Our determination to reform the police should never be in doubt. “I am being briefed regularly on the reform efforts ongoing to end police brutality and unethical conduct, and ensure that the Police are fully accountable to the people. “The IG already has my firm instructions to conclusively address the concerns of Nigerians regarding these excesses, & ensure erring personnel are brought to justice. “I appeal for patience & calm, even as Nig...