Oyo State To Boost Investment With Mineral Resources

Abiola Ajimobi, Oyo State, Paris ClubThe Oyo State Government has said that the investment sector of the state would be boosted with its available mineral resources.

The government also assured would-be investors that an enabling environment has been created for businesses to thrive.

The state Governor, Abiola Ajimobi, through his Special Adviser on Solid Minerals, Hon. Matthew Oyedokun, stated this on Tuesday, noting that the state has updated its database on mineral resources.

The governor further disclosed that the state is blessed with minerals resources such as Talc and Talcose body, Feldspar, Granite, Quartz, Mica, Marble/Dolomite, Iron Stone, Gemstone, Gold among others.

According to him, “the major determinant for the location of investments/industries is the availability and accessibility of resources.

“The state government has therefore embarked on aggressive provision of good motorable road network, linking the rural areas where most of the natural resources are located.

“Situating industries in these localities will bring royalties and employment opportunities to the people. It also will facilitate rapid development of the areas.

“The opportunities available would be of immense benefit to both the rural areas and the state as a whole,” the governor emphasized.

He therefore reaffirmed that his administration would continue to provide the enabling environment to attract investors and consequently urged land owners to accommodate them.

Also, he promised continuous geological mapping in order to update the existing mineral resources and discover new ones.

British Govt. To Partner With Nasarawa On Infrastructure

Al-Makura Commits To Peaceful Coexistence In NasarawaThe British Government has pledged to partner with Nasarawa State Government in the areas of agriculture, mining, housing and infrastructure to help shore up its economic base.

The British High Commissioner to Nigeria, Paul Thomas, stated this when he paid Governor Tanko Al-Makura his first visit at the Government House, in Lafia, the state capital.

On his part, the Governor assured the UK of all the cooperation it needs so as to achieve optimum results.

While stating the purpose of his visit in a swift manner, he said that more needs is to be done in some sectors of the State and the United Kingdom is ready to partner.

“The purpose of my visit is to understand more about the challenges in this state, to understand about the opportunities in the state and see what support the British Government can bring to Nasarawa.

“Some of these opportunities include agriculture, mining, mass housing, infrastructure, and there is a lot of work that needs to be done, I know the Governor is getting on with that work and doing it very well.

“One of those sectors, one of those priorities are areas where the UK has expertise, British companies can come to the state and engage with you.

“We will look at the opportunities and see in what way they can contribute to the economic development of Nasarawa state”, he said.

The governor who appreciated the visit, responded by saying that the state has a conducive business environment and abundant natural resources, and so the United Kingdom will be given all the cooperation needed for a fruitful partnership.

“Agriculture, solid minerals which abound in Nasarawa state is because we have conducive business environment and climate that can produce any kind of crops.

“So, any British entrepreneur that is interested in partnering with this administration or any organisation within the state can come and we would give certain organisation all the support and encouragement” the governor said.

For optimal result to be achieved, Al-Makura assured that when a deal is signed, it would be supervised by him to avoid any hitch.

“I would like to take the opportunity of this courtesy to bring to your notice that we really acknowledge and appreciate all the support we are getting in terms of this international partner support.

“In particular I would want to assure you that whatever support that comes to Nasarawa state, will be personally supervised by me, to ensure that the ultimate objectives and results are achieved”, he said.

Also part of the visit was an exhibition of samples of mineral resources that the state is endowed with and a visit to the special school in Lafia.

Al-Makura Seeks FG’s Support On Solid Minerals

Al-Makura Seeks FG's Support On Solid MineralsNasarawa State Governor, Tanko Al-Makura, seeks to partner with the Federal Government towards harnessing the mineral resources that abound in the state.

The governor made the proposal when he paid a visit to the Minister of Solid Minerals, Dr. Kayode Fayemi.

He also urged the Federal Government to look into the 13% derivation which he said the state was yet to benefit, stressing that it would help increase the state’s revenue base.

Governor Al-Makura also requested that the scope of solid minerals be expanded by establishing a mineral study outfit, as a means of employment creation for the teeming youth in Nasarawa State, north-central Nigeria.

“I would like to kindly request the Honourable Minister to grant Nasarawa State the license for industrial mineral mining; this will increase our revenue generation, especially now that we have an SPV ready to partake in this exercise.

“Besides that, I will like to assure the Honourable Minister that if Nasarawa State is vested with some support like mineral study outfit or mineral skill acquisition outfit that will help low class mineral miners to have the skills and means to prospect, I believe this will give Nasarawa State the opportunity to expand the scope of bringing different kinds of people to earn a living through mineral resources.

Focus On Diversification

“Finally, I will also like to put before the Honourable Minister the issue of derivation when it comes to mineral revenue, as it is now some of the mineral resources revenue that are being generated like Barytes and others, where the end users are in other states than Nasarawa because other state that do not even mine those minerals are the beneficiaries of the 13% derivation.

“So we want to put this before the Honourable Minister to look at it, so that we can carefully identify from which states those minerals are coming and which state deserve those derivation benefits.

“This, I believe at this very difficult period will support the state in doing so many things that will add value to the focus of the Federal Government on diversification,” he said.

Governor Al-Makura also seized the opportunity to invite the Minister to the state, in order to adequately analyse issues pertaining to solid minerals development.

“We want to extend a special invitation to you to come to Nasarawa State so that we can have a more practical interface for you to see what is there for you to support us and support the country at large,” he requested.

Accepting the invitation, Dr. Fayemi assured the governor of the Federal Government’s support to the State Government in realising its diversification drive.

“We have adopted an administrative mechanism to ensure that states are fully on board, in order to realise the objective of active participation in mining.

“Before we finish this month, I will come and I will go round myself to see those specific areas where the Federal Government can assist and partner with Nasarawa State in strengthening what you have already started by way of developing the resources that are available in your state,” the minister said.

Madagascar Names New Minister

Hery Rajaonarimampianina says government is ready to alleviate poverty

Madagascar President, Hery Rajaonarimampianina, on Sunday announced the replacement of eight ministers, including a new finance minister, after dissolving the government earlier this month amid mounting public frustration over power and other issues.

Air force commander and businessman, Jean Ravelonarivo, was sworn in as the new premier.

There were innovations in the Ministries of health, culture, trade among others. While 22 other ministers maintained their jobs.

Maurice Gervais Rakotoarimanana, an accountant who has worked with the World Bank, would be the next Minister of Finance and budget.

The president said in a press conference that special attention would be given to building the energy sector saying, “This government is ready to fight. Ready to fight against poverty, ready to fight for the development of infrastructure, for education, for health”.

The mineral-rich island nation has been struggling to rebuild its economy which was crippled after a coup in 2009 that drove away donors and investors.

A peaceful election in 2013 has redeemed the nation a bit, but it is still struggling to impose stable government and economic. Challenges remain such as weaning the nation off fuel and electricity subsidies.

According to analysis by the International Monetary Fund released last week, Madagascar’s economy boosted about 3 percent in 2014, and could also increase by 5 percent this year if it can increase tax revenue and improve the business climate.

Madagascar is one of the world’s poorest countries, despite its reserves of nickel, cobalt, gold, uranium and other minerals.