TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Why Fed Govt stopped mining in Zamfara – Minister

The Citizen by The Citizen
December 9 2022
in Business
A A
0
FG denies handing over Ajaokuta Steel Company to British firm

The Federal Government said on Thursday that the fight for supremacy among criminal elements over the control of mining operations in the state coupled with some other security challenges compelled the administration to suspend mining activities in Zamfara State.

The Minister of Mines of Mines and Steel Development, Dr. Olamilekan Adegbite,  who  made allusion to that effect while presenting the scorecard of the Buhari administration in the Mines and Steel sector between 2015 and2023, said that the suspension of mining operations would remain in force until the security situation in Zamfara changes.

Zamfara is the only state in Nigeria where we have suspended mining activities and the situation will remain so until further notice due to some security challenges. Once there is a change, mining activities will return,” the minister said.

The minister, who was flanked by his information counterpart, Lai Mohammed, said that the federal government has made a policy that no individual should engage in artisanal mining but registered cooperatives and corporate institutions to ensure accountability and transparency in the process.

Turning to the state of the uncompleted and Ajaokuta Steel complex in Kogi State, the minister announced that the plan by the government to start production in the plant scheduled for the last quarter of this year would no longer take place.

The Minister explained that due to the prolonged effect of the covid-19 , some Russian experts who were contacted in 2019 to come to Nigeria and conclude work on the steel plant could not do so while other processes put in place for the operation, suspended as a result of the pandemic.

“We are sorry to say that the opening of the plant which was slated for the last quarter of this year will no longer be possible,” Adegbite said on Thursday.

But the minister said that no fewer than 11 companies had indicated interest to take over and run the Ajaokuta Steel Plant and that the court case that had been the major drawback for the progress of the plant, had been settled with the payment of over $491 million to the litigant, thereby paving the way for interested investors to run the plant in a new partnership with the Nigerian government.

The minister said, “The major albatross against Ajaokuta was the court cases instituted against Nigeria by Global Steel which asked for $7 billion compensation but we have successfully settled and paid off the claimant $491 million and we are going to get a new partner through concession to run the plant.

“The assets and liability have been compiled in order to give to the potential investor to settle. In 2019 we said we would restart Ajaokuta but covid started and stalled our plan and we are sorry we can no longer complete work on Ajaokuta and begin production because the stages of work that were to be done could not proceed due to covid. The Russians who were to be brought in in early 2020 could not come because of covid

“Now, we are also talking to Russians and out of the 11 entities who have indicated interest to run Ajaokuta, three are Russians.  People are interested to bring in their money to invest in Ajaokuta and we are not going to restart the place this year as we earlier promised.

On the activities of illegal miners, the minister admitted that it was still a problem as they hide under the canopy of artisanal miners to operate in the country but that efforts were in place to trace and dislodge them wherever they are found.

The minister also admitted that policing the entire country to stop illegal miners was a serious challenge but that they were putting measures in place to stall such acts and save money for the country.

The minister also gave hope for the production in the country, saying that before the end of 2023, it would be possible to churn out bitumen from plants in Nigeria due to the processes the ministry is putting in place for that purpose.

According to him, no fewer than 26 companies had applied for license to start the production of bitumen in Nigeria and Nigeria had appointed a financial adviser to rank the entities with a view to selecting the qualified ones to go into the business.

The minister said, “We have put necessary processes in place to ensure that bitumen is processed in Nigeria and to enable Nigeria to realize the full benefit of the mineral that is found in large deposits in the country.

“By the grace of God by the end of next year, we will be able to process bitumen in Nigeria so that it would lower the cost of road construction in Nigeria. Twenty six companies have indicated interest to process bitumen in Nigeria for local road construction and export.  The transaction adviser is ranking those that can do the production in the country. We are currently in the process of selecting the ones that are qualified to set up their production process in Nigeria, Adegbite said.

He also said that mining is gaining more grounds in Nigeria and contributing 1.5 percent to the country’s Gross Domestic Product from the zero percent it was contributing before the Buhari administration came on board.

Adegbite also defended the continued payment of salaries to staff of the dormant Ajaokuta Steel, saying that they payment is to enable the staff to continue to keep the huge machinery in good state.

Previous Post

Mercy Johnson under fire for supporting APC

Next Post

Plateau workers declare 5-day warning strike over salaries, others

Related Posts

Nigeria records 8.51m terabytes of data use in H1 – NCC
Business

NCC pushes local tech investment to cut imports

August 30 2026
Lagos Cinema honours brave security personnel, boosts security
Business

Lagos Cinema honours brave security personnel, boosts security

August 29 2026
Shell commends efforts towards Regional Action Plan for safe helicopter services
Business

Shell commends efforts towards Regional Action Plan for safe helicopter services

August 29 2026
12MW Sahara Power Plant set to transform electricity supply across Lagos industrial hub
Business

12MW Sahara Power Plant set to transform electricity supply across Lagos industrial hub

August 27 2026
MMIA renovation controversy – Punch
Business

FAAN faces backlash over N30,000 airport taxi fare

August 27 2026
Nigeria records 8.51m terabytes of data use in H1 – NCC
Business

Nigeria records 8.51m terabytes of data use in H1 – NCC

August 27 2026
Next Post
NLC threatens to resume strike action in Kaduna

Plateau workers declare 5-day warning strike over salaries, others

Ajaokuta Steel Company 90% completed – Sole Administrator

11 foreign interests bid for Ajaokuta Steel Company

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

by The Editor
August 24 2026
0

...

APPOINTMENTS

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

ODDITIES

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

Umahi files N2.5b defamation lawsuit against bloggers

Umahi files N2.5b defamation lawsuit against bloggers

by The Editor
August 26 2026
0

Scavengers strip Lagos bridges, homes in widespread theft

Scavengers strip Lagos bridges, homes in widespread theft

by The Editor
August 25 2026
0

GLOBAL NEWS

Russia helps Niger Republic junta to retake military base

Russia helps Niger Republic junta to retake military base

by The Editor
August 30 2026
0

...

WHO declares global health emergency over Ebola outbreak in Congo, Uganda

WHO confirms Uganda Ebola-free, as virus continues spread in DRC

by The Editor
August 28 2026
0

...

Nepal flash floods claim160 lives, hundreds still missing after deadly surge

Nepal flash floods claim160 lives, hundreds still missing after deadly surge

by The Editor
August 27 2026
0

...

US pauses immigrant visa applications worldwide

US pauses immigrant visa applications worldwide

by The Editor
August 27 2026
0

...

Iran, Oman agree temporary Strait of Hormuz corridor

Iran, Oman agree temporary Strait of Hormuz corridor

by The Editor
August 27 2026
0

...

State of the States

Accord Party’s deregistration judgment violates Court of Appeal order – Adeleke

Adeleke issues executive order, sets up panel over Osun killings

by The Editor
August 29 2026
0

...

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

by The Editor
August 28 2026
0

...

Abia traditional rulers endorse Gov. Otti for second term

Abia State begins payment of N61.8bn gratuity arrears

by The Editor
August 25 2026
0

...

Kaduna State approves N300m for KASU lecturers

Kaduna State approves N300m for KASU lecturers

by The Editor
August 24 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
2027: Peter Obi, Kwankwaso, Dickson close ranks, move to unite NDC campaign

2027: Peter Obi, Kwankwaso, Dickson close ranks, move to unite NDC campaign

August 30 2026
Shettima departs Abuja for AU Peace Summit in Angola

Shettima departs Abuja for AU Peace Summit in Angola

August 30 2026
Northern states record 185,502 rise in child malnutrition cases

Northern states record 185,502 rise in child malnutrition cases

August 30 2026
Voters’ Threat: ADC demands immediate arrest of Kuje Council chair

Tinubu orders NDDC to reconstruct Warri-Benin Highway

August 30 2026

EDITORIAL REVIEW

Mass presence of governors in off-cycle elections – Punch

Mass presence of governors in off-cycle elections – Punch

by The Editor
August 27 2026
0

Clerics must preach peace, not division – Punch

Clerics must preach peace, not division – Punch

by The Editor
August 25 2026
0

Tax reform: Northern senators in closed-door meeting as bill scales second reading

Tax reform must end multiple taxation – Punch

by The Editor
August 24 2026
0

BREAKING: Kidnapped Oyo pupils, teachers regain freedom

Terror victims deserve care – Punch

by The Editor
August 21 2026
0

Unfilled tertiary education spaces debacle – Punch

Unfilled tertiary education spaces debacle – Punch

by The Editor
August 20 2026
0

Opinion

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Airtime credit dispute and need for clarity

Airtime credit dispute and need for clarity

by The Editor
August 5 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.