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Banditry crisis: FG rejects northern govs’ call to suspend mining

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The Federal Government has ruled out a blanket suspension of mining activities across Northern Nigeria, despite calls by northern governors and traditional leaders for a six-month halt as part of efforts to curb insecurity in the region.

The Minister of Solid Minerals Development, Dele Alake, disclosed this in an exclusive interaction with The PUNCH on Monday in Abuja, stressing that a total shutdown of mining operations would have grave economic consequences for both the North and the country at large.

The minister’s position was conveyed through his Special Assistant on Media, Segun Tomori, who said the Federal Government had carefully weighed the security concerns against the economic realities of ongoing mining and mineral processing activities across the region.

He said, “The position of the Federal Government remains that there can’t be a blanket suspension of mining activities across the North because it will have far more adverse economic implications for the region and the nation.”

Alake added that several strategic industrial facilities rely directly on mining operations in the North.

“We have lithium plants that are operational in Nasarawa and the outskirts of Abuja; an iron processing plant in Kaduna, and a host of other mining activities that will be affected by a blanket ban. Even the cement factory in Ajaokuta, Kogi State, depends on mining of limestone,” Tomori said.

He added that following engagements with the Federal Government, northern governors had begun to reconsider their earlier advice on a total ban.

“So, based on these facts, I believe the northern governors have reconsidered their advisory on a blanket ban based on our engagement with them,” he said.

Instead of a wholesale suspension, the minister said the Federal Government was pursuing a targeted security approach aimed at flushing out criminal elements operating around mining sites.

According to him, this strategy is already being implemented through a multi-agency security operation coordinated by the Office of the National Security Adviser, covering parts of the North-West, North-East and North-Central.

“What can work is to map out areas that are severely affected by bandit activities and rout the non-state actors. That is already being done through a multi-agency security operation coordinated by the NSA across the North-west, North-east and parts of the North-Central,” he said.

Tomori stressed that legitimate mining activities should not be punished for the actions of illegal operators.

He noted that consultations with state governments were ongoing, revealing that the Governor of Nasarawa State, Abdullahi Sule, met with the minister in January as part of the engagement process.

“There is no consideration for blanket suspension of all mining activities in the north. However, we are engaging with the Governors on how best to tackle the menace of insecurity fueled by illegal mining in some areas. The Nasarawa state Governor, Abdullahi Sule, met with the minister sometime in January as part of the consultations,” he said.

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Responding categorically to demands by northern governors for a comprehensive audit and revalidation of mining licences, the minister confirmed that such a process was already being planned.

“We announced sometime last year that an audit of the entire sector is in the offing. Details are being worked out and are being kept under wraps until we are ready to announce its implementation,” he said.

To strengthen enforcement, the minister disclosed that the Federal Government was fast-tracking the deployment of satellite surveillance to monitor mining sites nationwide.

“We are fast-tracking the process for the installation of satellite surveillance of mining sites, among other measures, to bolster the capacity of the mining marshals for more effectiveness,” Tomori said.

He added that the Federal Government was working with international partners to improve security outcomes.

“The Federal Government will continue to do its best alongside its allies to ensure the security of the North and indeed the entire country. We can see improved security operations in hotbeds and recent collaboration with the US military in that regard,” he said.

In December 2025, the Northern Governors’ Forum, alongside other influential leaders, urged the Federal Government to suspend mining activities in the region for six months, arguing that illegal mining had become a major source of funding for banditry and other criminal activities.

This was contained in a communiqué issued after a joint meeting of the Northern States Governors’ Forum and the Northern Traditional Rulers’ Council held at the Sir Kashim Ibrahim House, Kaduna.

The call followed multiple school raids, violent attacks and kidnappings across mining communities, particularly in parts of Zamfara, Niger, Kaduna and Katsina states.

On November 17, 2025, armed men attacked the Government Girls Comprehensive Secondary School in Maga, Kebbi State, abducting 24 schoolgirls. The school’s vice-principal was killed during the attack. The students were freed a few days later.

Four days later, on November 21, gunmen invaded St. Mary’s Catholic School in the Papiri community, Agwara LGA of Niger State, abducting hundreds of pupils and staff.

Church and local officials later confirmed that 303 students and 12 teachers were taken away.

The escalating attacks prompted several states to order the temporary closure of schools in Kebbi, Bauchi, Yobe, Adamawa, Taraba, Plateau, Niger, Katsina and Kwara states.

As a corrective measure, they asked President Tinubu to direct the Minister of Solid Minerals to suspend mining activities to allow for a full audit and revalidation of licences.

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Nigeria’s solid minerals sector, however, has been identified by the Federal Government as a key pillar of its economic diversification drive, with significant investments in lithium, iron ore, limestone and gold expected to generate jobs, boost exports and grow non-oil revenue.

The government’s refusal to impose a blanket ban reflects a balancing act between security imperatives and economic survival, as authorities seek to clamp down on illegal mining without shutting down legitimate operations critical to regional development.

Meanwhile, Jigawa State is still waiting for the Federal Government’s response to the Northern Governors’ Forum’s demand to suspend mining activities in the region for six months to tackle insecurity.

Chief Press Secretary to the Jigawa State Governor, Comrade Hamisu Gumel, in an exclusive interview with one of our correspondents, the state government is concerned about the security implications of illegal mining, but hasn’t received any official communication from the Federal Government on the suspension.

“We are aware of the Northern Governors’ Forum’s demand, but we are yet to receive any official response from the Federal Government,” Gumel told our Correspondent.

Gumel added that Jigawa State had no records of cases related to illegal mining and insecurity, but the state government is committed to supporting efforts to address the issue.

“The Northern Governors’ Forum had requested the suspension of mining activities to allow for an audit and revalidation of licenses, citing concerns over the role of illegal mining in fuelling insecurity in the region,” he remarked.

According to him, the forum has also announced plans to establish a Security Trust Fund, with each state contributing N1bn monthly, to support joint security operations and intelligence-driven interventions.

However, Gumel, who said he’s not authorised to speak on behalf of the Northwest governor’s forum, explained that it is unclear how many states have contributed to the fund so far.

Gumel said the Jigawa State government is committed to working with the Federal Government and other stakeholders to address insecurity and promote economic development.

“The state government has been working to strengthen security measures and promote community engagement to prevent the spread of insecurity,” he concluded.

Similarly, the call by the Northern States Governors’ Forum for a six-month suspension of mining activities across northern Nigeria as part of measures to curb insecurity is yet to be fully implemented in Kwara State.

Findings show that while the initiative has been discussed at the policy level, contributions from individual states and full operational rollout remain at early stages, with no confirmed participation reported in Kwara as of the latest state security briefings.

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Security analysts warn that the delay in implementing both the mining suspension and the regional trust fund may be prolonging vulnerabilities in mineral-rich rural communities, particularly in parts of North-Central Nigeria where illegal mining camps operate within remote forest corridors.

Coordinator of the Kwara Sustainable Development Advocacy Forum, Musa Idris Buko, said the group had raised concerns in 2024 about the possible security implications of unregulated mining activities in Kwara North.

“We raised the alarm and called on the Federal Government to prioritise the development of the mining sector in Kwara in line with global best practices,” he said.

“If illegal mining in Kwara North is allowed to thrive, it will affect food security and agricultural production. What we are witnessing today shows the dangers of ignoring early warnings.”

Some community stakeholders have also suggested that recurring attacks in remote areas may indirectly create conditions that force residents to abandon mineral-rich communities, allowing illegal mining networks to operate with limited resistance, a trend observers say has been recorded in several conflict-affected zones across northern Nigeria.

As security operations intensify across affected states, policy experts are urging the Federal Government and northern governors to clarify the status of the proposed mining suspension, accelerate the launch of the regional security trust fund and strengthen regulatory oversight of mining activities to prevent criminal groups from exploiting the sector.

However, the Bauchi State Government has confirmed suspension of mining activities in parts of the state as part of measures to address recurring insecurity.

Responding to enquiries from The PUNCH, the Special Assistant to the Governor, Khalifa Rishi, said the suspension was implemented in Alkaleri Local Government Area, which has witnessed repeated security challenges.

According to him, the decision was taken following incidents of insecurity linked to mining activities in the area.

“The suspension was implemented in the Alkaleri Local Government Area. It is because of the recurrent insecurity we recorded in the area,” Rishi said.

He noted that since the suspension of mining operations, there has been a significant improvement in the security situation in the affected communities.

Rishi, however, declined to comment on the status of the proposed security trust fund being planned by the Northern Governors’ Forum.

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Read how Nigerians tap savings, loans to buy Dangote refinery shares

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Some Nigerians seeking to invest in the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering have turned to personal savings, loans and proceeds from the sale of assets to raise funds to buy shares, Saturday PUNCH has learnt.

Findings by our correspondents revealed strong interest in the shares among prospective retail investors, some of whom said they expected the investment to yield substantial returns in the future.

While some respondents said they were dipping into savings or raising funds through other means, others said the prevailing economic hardship had made it difficult for them to participate in the offer.

The refinery opened its IPO on Monday, September 14, giving Nigerians an opportunity to own equity in the company.

The offer comprises 4.1 billion ordinary shares priced at N525 each, with the company targeting about N2.15tn to part-fund an expansion that would nearly double the refinery’s capacity to 1.4 million barrels per day.

The minimum subscription is 10 shares, costing N5,250.

Dangote Group Chief Executive Officer, Aliko Dangote, said the low entry threshold was deliberately set to allow ordinary workers, including drivers, cooks and domestic staff, to become shareholders, describing the offer as “the IPO for the people.”

The offer is expected to close on October 13.

Investors turn to savings, loans

A staff member of the Federal Ministry of Works, David Adelabu, described the shares as expensive for struggling civil servants but said he considered the offer an opportunity to become a shareholder in the refinery.

He said, “I have small shares in some companies, including Glo and MTN, but Dangote’s shares will be the highest I will be buying. It is on the high side, but I feel this is an opportunity to become a shareholder in Dangote.

“I understand that the dividends are not going to be immediate, but I don’t mind even if it will entail selling a plot of land I have in Metumbi here in Minna. I will gladly do so.”

A trader in Dutse, Jigawa State, Adamu Bala, said he planned to use savings from his business to buy the shares.

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“I will not sell my house. I will use a small profit from my shop to buy,” he said.

Similarly, a civil servant, Fatima Mannir, said women in her group had started raising money through contributions, known as adashe, to participate in the offer.

“We have started raising money through adashe,” she said.

A trader in Damaturu, Yobe State, Malam Musa Ibrahim, said he invested part of his business savings after learning about the offer.

“I am using part of the money I have saved from my business.

“I believe that if I can invest a small amount now, it may become useful to me in the future. But I am also being careful because business is not easy at the moment,” he said.

Another resident, Aisha Mohammed, said she raised money by cutting down on some household expenses.

“I did not borrow money to buy the shares. I have been saving little by little, and when I heard about the offer, I decided to use part of what I had saved,” she said.

A businessman, Abdullahi Yusuf, however, said he obtained financial assistance from a friend to increase his subscription.

“I wanted to buy more shares than what my savings could afford, so I discussed it with a friend who agreed to lend me some money.

“I know that borrowing money to invest carries risks, but I am hoping that the investment will perform well. I will repay the money from my business income,” he said.

A petty trader, Hauwa Lawan, said she sold some personal belongings she no longer used and added the proceeds to her savings to finance her purchase.

“I sold some things that I was no longer using and added the money to my savings,” she said.

A farmer, Mallam Abdullahi Adamu, said he sold farm produce to raise about N500,000 to invest in the shares.

In Kano State, an investor, Abdulmalik Ibrahim, said he bought 10 shares for N5,250 using personal funds.

Hardship keeps some investors away

While some Nigerians are finding ways to participate in the IPO, others said economic pressures had put the investment beyond their reach.

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A civil servant in Kogi State, Saliu Joseph, said he would have loved to invest but had just paid his children’s school fees.

“Right now, I don’t think I can afford to participate unless a miracle happens,” he said.

A retired permanent secretary in the state, Bola Boro, also said he would not participate because he could not afford the investment at the moment.

“As a retired civil servant, I cannot afford such an amount to invest in the offer. Even though I am a fan of investment through the stock market, which I have been doing for years, I don’t think it will be convenient for me to participate considering the time frame of just one month,” he said.

A civil servant, Kuta Abdulahi, said the financial demands of his children’s education had left him unable to participate in the share offer.

“I must tell you the truth, I know about the Dangote Refinery shares, but I cannot even think of it at this time. My children are just resuming a new term in school. Where will I get the money for their school fees before thinking of buying shares? Please, I have a lot on my head,” he said.

Similarly, a vulcaniser, Ahmed Alkali, said his income was barely enough to meet his family’s basic needs, making investment in shares difficult.

“With the kind of job I do, I am working from hand to mouth. So, how can I buy shares when I have not eaten?” he asked.

Experts warn against borrowing

Investment experts, however, cautioned Nigerians against taking loans, selling properties or committing all their savings to the IPO, warning that equity investments carry risks.

Speaking with Saturday PUNCH, the Group Managing Director of Lancelot Group, Adebayo Adeleke, urged prospective investors to understand the risks associated with the capital market before committing their funds to the IPO.

Adeleke, who is also a former Secretary of the Independent Shareholders Association of Nigeria, said capital market investments should be made with funds that investors could afford to leave untouched for the long term, noting that equities were unsuitable for people struggling to meet immediate financial needs.

He said, “When you buy shares, you are buying a portion of the ownership of the business. Investment takes a lot of time to pass through gestation, to stability, to profitability. And you cannot, with any degree of certainty, predict when the company is going to turn the corner and begin to produce profits.

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“So, investment money is not the money you are likely to need in the next two months, three months, six months, even one year. If you cannot part with your money for a minimum of three to five years, the capital market is not the place to invest.”

Adeleke, however, described the IPO as a strategic investment, citing the refinery’s scale and demand for its products.

Also speaking, the Head of Financial Institutions Ratings at Agusto & Co., Ayokunle Olubunmi, urged Nigerians to consider the risks associated with the investment and avoid committing all their savings to the offer.

He said, “There are plenty of risks to this business. It’s not risk-free. Things can get worse for the business. Valuation is based on expectations of what will happen in the future. Things might not go as planned. And, like we all know, equity is a risky business.”

Olubunmi particularly cautioned prospective investors against selling property or using up all their savings to invest in the offer.

He advised them to invest only a portion of their funds and diversify their portfolios.

The expert also advised those considering taking loans to buy the shares to have a separate and reliable repayment plan rather than depending on returns from the investment.

The Emir of Kano, Muhammadu Sanusi II, had earlier warned prospective investors against using their children’s school fees or selling their homes to invest in the shares.

Sanusi, who gave the warning on Thursday while speaking at the company’s roadshow in Kano, urged prospective investors to invest only money they could afford to set aside for some time, suggesting amounts such as N10,000, N20,000 or N30,000.

Source: punchng.com

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ARE NIGERIANS BUILDING CHINA’S ECONOMY WHILE NEGLECTING THEIR OWN?

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While other nations are busy producing, manufacturing and exporting, Nigeria must ask itself a difficult question: Are we building our own economy, or simply creating a bigger market for other countries?

Nigeria has a huge population, abundant natural resources and a massive consumer market. Yet the country continues to depend heavily on imported finished products—from electronics and clothing to machinery, household goods and other consumer items.

The issue is not simply about Chinese businesses or businesses from any other foreign country operating in Nigeria. Foreign investment can bring capital, technology, jobs and expertise.

The bigger issue is whether **Nigerian businesses are being given the opportunity and support to manufacture competitively at home.

Instead of remaining primarily a consumer of finished products, Nigeria needs to strengthen its manufacturing sector and move further up the value chain.

Nigeria needs to produce, not just consume.

A stronger manufacturing economy could help Nigeria:

* Create more jobs for Nigerians
* Add value to locally available raw materials
* Develop industrial skills and technology
* Reduce excessive dependence on imported finished goods
* Build competitive Nigerian companies
* Increase the country’s ability to export

The goal should not be to drive legitimate foreign businesses out of Nigeria. The goal should be to build an economy where **Nigerian manufacturers can compete, grow and eventually take Nigerian-made products to markets around the world.

The question Nigerians should be asking is simple:

**Why should Nigeria remain one of the world’s biggest markets for finished products when we have the potential to manufacture many of them ourselves?

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🇳🇬 **Nigeria must move from being predominantly a consumer nation to becoming a stronger producer, manufacturer and exporter.

What do you think?

Which products should Nigeria prioritize for local manufacturing instead of relying heavily on imports?

Share your thoughts in the comments.

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ICRC defends toll pricing on highways

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The Infrastructure Concession Regulatory Commission has defended the toll pricing structure under the Highway Development and Management Initiative, saying charges are evaluated against the quality and benefits of the upgraded roads.

In a statement made available to PUNCH Online on Thursday, the Director-General, Dr. Jobson Ewalefoh, cited the 227-kilometre Akwanga–Makurdi road corridor as an example.

He said the route has four toll gates, and motorists pay as they travel along it.

He argued that toll payments should be viewed against the previous costs imposed by the poor condition of the road, including lost man-hours, vehicle damage and accident risks.

Feedback from road users, he said, shows many motorists are willing to pay tolls where they see clear improvements in road quality.

Some drivers have expressed support for similar arrangements on other major corridors if the roads are upgraded to the same standard.

“That, to me, is the beauty of a well-structured PPP,” Ewalefoh said.

He explained that negotiators carefully consider toll pricing to keep charges fair. A portion of the revenue is set aside specifically for road maintenance. Under the concession agreements, the government does not bear additional maintenance costs for the duration of the contract.

The government must repair potholes within 48 hours, and it funds major routine repairs from the dedicated toll revenue.

Source: punchng.com

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