Tinubu reads out insurrection law to managers of Nigeria’s mining sector

Tinubu reads out insurrection law to managers of Nigeria's mining sector

President Bola Ahmed Tinubu has warned private companies and public officials cutting corners in the solid minerals sector to desist or face the wrath of the law.

The President issued this warning while addressing participants at the second three-day African Natural Resources and Energy Investment Summit (AFNIS) in Abuja on Tuesday.

He noted that the government welcomes genuine investors who share his administration’s vision, and calls for punishing economic saboteurs who hinder the ease of doing business and initiatives that enable the sector to support economic transformation. He emphasized that.

Mr. Tinubu spoke on the theme of the conference, “Towards a Just Transition” and emphasized the essence of mobilizing a country’s natural resources for the development of its people.

Speaking on behalf of the Secretary to the Government of the Federation, Mr. George Akume, the President disclosed that Mr. Oladele Arake had been appointed as the Minister of Solid Minerals to clean up the solid minerals sector, adding that the Federal Executive Committee had appointed Mr. He guaranteed the adoption of a seven-point agenda.

Tinubu also encouraged governors to forge a common front with the federal government to enhance the contribution of mining to the economy and resist the temptation to interfere with the legitimate operations of licensed operators. Advised the governor.

Mr Arake called for a shift towards more sustainable practices in the use of the country’s natural resources.

“At the heart of this summit is the idea of ​​a ‘just transition.’ This concept aims to ensure that no one is left behind as we move towards more sustainable practices in natural resource development and energy production. is asking of us.

“A just transition is about building and strengthening the power of workforces that have long relied on traditional energy sources to foster inclusivity, provide alternatives, and equitably share the benefits of this transformation.” , community, and economic needs.

“A just transition will require addressing the social and economic challenges that may arise from the transition away from traditional energy sources. We will retrain our workforce and create alternative employment opportunities. , must invest in supporting affected communities. Africa needs to adopt policies that provide safety nets for those who will be adversely affected by this transition,” said Arake.


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