The Federal Government is working towards auctioning its bitumen blocs in the third quarter of this year, the Minister of Mines and Steel Development, Olamilekan Adegbite, announced on Tuesday.
 
He announced this in response to the enquiry of the Australian High Commissioner, John Donnelly, who visited the mines ministry on Tuesday. In a statement issued in Abuja by his media aide, Ayodeji Adeyemi, the minister said the ministry was still gathering data on some of the bitumen field and was edging close to completion…
 
More details through:
https://punchng.com/fg-to-auction-bitumen-blocs-in-third-quarter/

Nigeria’s N13.58 trillion 2021 budget may be heading for robust implementation as the Federal Government has announced plans to commence a bid licensing round for bitumen fields across the country.
 
Minister of Mines and Steel Development, Mr.Olamilekan Adegbite, stated this yesterday during the first quarter webinar series organised by the Institute of Change Management (ICM) with the theme: ‘‘Unlocking Opportunities In Disruptive Times: The Mining Sector as the Game Changer for Nigeria.
 
Adegbite said the bid round process has been slated to commence between June and July in the four bitumen rich states of Lagos, Ogun, Ondo, Edo…
 
More details through:
https://www.sunnewsonline.com/2021-budget-gets-boost-as-fg-auctions-bitumen-fields/
 

The Federal Government has so far invested about $36.5 million (N15 billion) into the National Integrated Mineral Exploration Project (NIMEP) programme, Minister of Mines and Steel Development, Arc Olamilekan Adegbite, said yesterday.
 
The minister said gold had been discovered along the Abuja-Nasarawa axis through the NIMEP programme undertaken by the ministry. He added that the project, which had cost the ministry N15 billion, had generated many geoscience data that had foreign investors excited about the juicy mining prospects in the country.
 
Adegbite spoke during the visit of the Nasarawa State Governor, Eng. Abdullahi Sule, to the Ministry. He said the governor’s visit shouldn’t be a surprise because Nasarawa State is the home of solid minerals in the country…
 
More details through:
https://thenationonlineng.net/govt-invests-n15b-in-mineral-exploration/
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Gold deposits have been discovered along the Abuja, Nasarawa axis through the National Integrated Mineral Exploration Project being undertaken by the Federal Ministry of Mines and Steel Development. Minister of Mines and Steel Development, Olamilekan Adegbite, disclosed this while playing host to the Governor of Nasarawa State, Abdullahi Sule, in Abuja.
 
The minister in a statement issued in Abuja on Wednesday by his media aide, Ayodeji Adeyemi, told his guest that the FMMSD would develop the mineral resources in Nasarawa…
 
More details through:
https://punchng.com/we-found-gold-deposits-along-abuja-nasarawa-highway-fg/

The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, announced on Sunday that the Federal Government had embarked on initiatives to use coal to generate power. Adegbite, who made the announcement at a forum of the News Agency of Nigeria (NAN) in Abuja, said that coal to power plants were being built to generate power by some companies in parts of the country.
 
The minister described coal as the cheapest source of power generation in Nigeria. He said that coal had huge potential but regretted that the world was moving away from fossil fuel, a development that made Nigeria not to get needed support from foreign donors to exploit coal…
 
More details through:
https://www.sunnewsonline.com/fg-encouraging-coal-to-power-initiatives-minister/

The Federal Government has packaged the mineral, known as Barite, found in Nigeria to meet international standards to attract revenue for the nation.
 
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, made the announcement in Abuja on Sunday at a forum of the News Agency of Nigeria of Nigeria (NAN). Barite is a mineral used mainly in the petroleum industry in the formulation of drilling mud. It is found largely in Cross River in Nigeria’s resource-rich Niger Delta belt. The mineral is also found in in the U.S., China, India and Morocco…
 
More details through:
https://www.sunnewsonline.com/fg-packages-barite-for-global-market-says-minister/

The Federal Government on Tuesday carried out the groundbreaking ceremony of the Gold Processing Cluster, located in Mopa, Mopamuro council area of Kogi State. The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr. Oluwatoyin Akinlade, who led the Federal Government team for the event, said the projects is part of the FG efforts to refocus the economy from oil depended.
 
Dr. Akinlade said the Gold Processing Cluster will also cater for other gem stones and solid mineral mining activities in the north central of the country. “The Ministry of Mines and Steel Development has commenced the implementation of programmes aimed at establishing and accelerating mineral value chain activities through the development of a mineral mining cluster in each of the six geopolitical zones…
 
More details through:
https://www.newtelegraphng.com/fg-flag-off-gold-processing-cluster-in-kogi/

Although Nigeria has bitumen reserves worth up to $1.5 trillion, the country spends over $770m (N300 billion) importing the product, Akinwunmi Adesina, the President of the African Development Bank Group, has said. 
 
Speaking virtually on the theme ‘Towards A New Nigeria: From Federal Fatherism To a Commonwealth,’ the AfDB boss said there is a need for an urgent review of the current federal system practised by the country if it hopes to grow out of her economic woes.
 
“Nigeria’s federalism does not grow its constituent entities. It simply makes them perpetually dependent,” said Mr Adesina, a former minister of Agriculture…
 
More details through:
https://www.premiumtimesng.com/news/headlines/444838-restructuring-nigeria-rich-in-bitumen-spends-n300bn-importing-it-adesina.html

In a recession year when the nation’s economic activities came to a virtual halt on account of the global pandemic, the Nigerian solid minerals sector, defying all odds, is recording booming numbers, funneling N7.69 billion in royalties into federal coffers, the highest in a three-year period, according to a 2018-2020.
 
The core year of the COVID pandemic, 2020, posted about half of this amount, declared a gladdened Frank Odoom, Director of the Mines Inspectorate of the Ministry of Mines and Steel Development in Abuja who walked premium times through the current data which he credited to a new strategy in the ministry to pursue an aggressive revenue profile in the wake of lean oil earning into the federal purse.
 
Mr Odoom pointed out that the progression from 2018 to 2020 had been even, starting from a modest posting of N1.88 billion in 2018, remarking that the South-west region of the country recorded the highest contributions, accounting for N749.96 million, (39.95 per cent) of the total royalty paid in the year under review. Ogun State’s sole contribution to that regional performance was N563 million (75.09 per cent) of the total revenue generated in the South-west region…
 
More details through:
https://www.premiumtimesng.com/news/top-news/444268-mining-royalties-increase-nigerias-revenue.html

The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, has stated that Nigeria has one of the lowest gold export royalty in the world.
 
Adegbite explained that the royalty fee accruable to government from gold export was merely three per cent of the value of the export, adding that the low rate was to encourage growth in the gold mining sector…
 
More details through:
https://www.thisdaylive.com/index.php/2021/02/17/adegbite-nigerias-gold-export-royalty-among-worlds-lowest/