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FG seeks Canadian tech, investment to fast-track mining reforms

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The Federal Government has intensified efforts to reposition Nigeria’s mining sector, with the Minister of Solid Minerals Development, Dele Alake, stating that the country is ready to leverage Canada’s advanced technology and global expertise to accelerate reforms and unlock the industry’s economic potential.

Alake made the disclosure while receiving the Canadian High Commissioner to Nigeria, Pasquale Salvaggio, at his office in Abuja on Thursday, according to a statement issued on Friday by his Special Assistant on Media, Segun Tomori.

The minister said deeper bilateral collaboration with Canada would support Nigeria’s quest to attract investment, entrench international best practices, and drive sustainable growth in the mining industry.

He also reflected on the long-standing diplomatic ties between the two countries, recalling Canada’s support for Nigeria during the pro-democracy struggle that followed the annulment of the June 12, 1993, presidential election.

“Canada stood firmly with the Nigerian people during our pro-democracy struggle. The cooperation we enjoyed from the Canadian High Commission was exemplary and deeply encouraging. We regarded Canada as an archetypal pro-democracy ally,” Alake said.

He added, “Today, we are committed to strengthening that relationship, particularly in mining and mineral development, where Canada’s global reputation for excellence is well established. We believe enhanced cooperation will help accelerate sectoral growth, attract investment, and institutionalise global best practices.”

The minister reaffirmed Nigeria’s commitment to building a transparent and investor-friendly mining environment, stressing that the Federal Government is prioritising the formalisation of artisanal mining, capacity building for professionals, technology transfer, and improved regulatory oversight.

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“We are working deliberately to de-risk the mining environment. Our focus is on attracting foreign direct investment, strengthening regulatory frameworks, building the capacity of Nigerian mining professionals, and formalising artisanal mining to reduce illegal operations and enhance revenue generation,” he said.

Alake highlighted several incentives designed to boost investor confidence, including tax waivers on imported mining equipment and full repatriation of profits after statutory obligations such as taxes and royalties are met.

“These incentives reflect our commitment to creating a stable and competitive investment climate. Investors are guaranteed the full repatriation of their profits after fulfilling all legal obligations. We are also introducing fiscal measures to ensure that Nigeria remains one of the most attractive mining destinations globally,” he added.

In his remarks, Salvaggio appreciated Nigeria’s recognition of Canada’s historic role in its democratic journey and commended the minister for acknowledging Canada’s leadership in the global mining industry.

He noted that Nigeria is Canada’s second-largest trading partner in Africa and highlighted the potential to expand trade relations, particularly in mining.

“Nigeria is a strategic partner for Canada. We see significant opportunities to expand our trade and investment cooperation across several sectors, especially mining, where Canada has global expertise and Nigeria has immense potential,” the envoy said.

He also praised the establishment of the Nigeria Solid Minerals Company, describing it as a strategic initiative capable of boosting investor confidence and catalysing growth.

“The creation of the Nigeria Solid Minerals Company is a commendable step. It sends a strong signal to global investors about Nigeria’s seriousness in developing the sector and strengthening governance,” he added.

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Salvaggio highlighted strong people-to-people ties between the two countries, including the Nigerian diaspora in Canada, noting that the relationship provides a solid foundation for deeper economic cooperation.

“I am confident that Nigeria could become Canada’s largest trading partner in Africa within the next five to ten years, given its dynamism, entrepreneurial spirit, and commercial outlook. Nigeria is currently the sixth-largest recipient of Canadian development cooperation globally, which underscores the depth of our partnership,” he said.

The envoy also emphasised Canada’s readiness to facilitate increased investment, urging the Federal Government to revisit the stalled Foreign Investment Promotion and Protection Agreement (FIPA).

“The ratification of FIPA will significantly enhance investor confidence and guarantee investment security. We encourage the Nigerian government to expedite this process,” he added.

He expressed Canada’s willingness to expand capacity-building initiatives, including replicating the 2025 training programme for Nigerian mining professionals at the University of Calgary in Alberta and supporting additional technical exchange programmes.

In response, Alake said the agreement predates the current administration but assured that the government is ready to review and fast-track its ratification.

He reiterated President Bola Tinubu’s commitment to attracting foreign direct investment as a pathway to economic growth and job creation.

“The current administration is focused on economic transformation. We recognise the role of foreign direct investment in job creation and sustainable development, especially for our youthful population. We are therefore open to reviewing the agreement and ensuring that it supports our national economic priorities,” he said.

Both countries agreed to establish a joint working group to identify priority areas of cooperation in the mining sector and develop clear timelines to ensure measurable outcomes from the renewed bilateral engagement.

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Nigeria has intensified reforms in the solid minerals sector in recent years as part of broader efforts to diversify the economy away from oil dependence.

The government has introduced policies aimed at curbing illegal mining, strengthening regulatory institutions, and improving transparency to attract global investors.

Canada, regarded as a global leader in mining technology, governance, and financing, hosts some of the world’s largest mining companies and remains a major source of investment and technical expertise in the sector.

Industry experts believe stronger Nigeria-Canada collaboration could help unlock the country’s vast mineral resources, including lithium, gold, and rare earth elements critical to the global energy transition.

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Oshiomhole seeks ban on MTN, DSTV, read why

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The senator representing Edo North, Adams Oshiomhole, on Tuesday called for the revocation of licences of South African companies operating in Nigeria, including MTN and MultiChoice, owners of DSTV, following renewed xenophobic attacks against Nigerians in South Africa.

The call came as the National Assembly condemned the latest wave of attacks, urging the Federal Government to take immediate diplomatic and protective measures to safeguard Nigerian citizens abroad.

Speaking during plenary, Oshiomhole said Nigeria must respond firmly, invoking the principle of reciprocity in international relations.

He said, “I don’t want this Senate to be shedding tears, to sympathise with those who have died. We didn’t come here to share tears.

“If you hit me, I’ll hit you. I think it is appropriate in diplomacy. It’s an economic struggle.”

The former Edo State governor proposed that Nigeria should nationalise MTN and withdraw its operating licence, arguing that the company repatriates significant revenue while Nigerians face hostility in South Africa.

“This Senate should adopt a position that MTN, a South African company that is cutting away millions of dollars from Nigeria every day, should have Nigeria nationalise it and withdraw its licence,” he said.

According to him, such action would not only serve as a deterrent but also create opportunities for indigenous firms, amid what he described as economic and social targeting of Nigerians abroad.

He extended the call to MultiChoice, urging the Federal Government to revoke DSTV’s licence over alleged exploitative practices.

“I call on the Federal Government to revoke DSTV, which is also a South African company that is cutting away millions of dollars,” he said.

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Oshiomhole linked the recurring tensions to domestic political dynamics in South Africa, noting that anti-immigrant rhetoric had become a feature of its politics and was shaping public attitudes toward foreign nationals, including Nigerians.

“When we hit back, the president of South Africa will go on his knees to recognise that Nigerians cannot be intimidated,” he said.

The senator made the remarks while contributing to a motion sponsored by Osita Izunaso, which was read on the floor by Aniekan Bassey under Senate rules on matters of urgent public importance.

Titled “A call for urgent national diplomatic and humanitarian action to defend the dignity, safety and honour of Nigerian citizens,” the motion highlighted growing concerns over the safety of Nigerians in South Africa.

Also speaking, Senator Victor Umeh described the situation as alarming, warning that Nigerians were living in fear.

“It is worrisome. They are hiding for their lives. They can’t move freely. This is a situation where people are paying good with evil,” he said, referencing Nigeria’s historical support for the anti-apartheid struggle.

Umeh called on the African Union to intervene and impose sanctions, warning that Nigeria could no longer tolerate attacks on its citizens.

“The AU, of which South Africa is a member, should rise now and impose necessary sanctions,” he said, adding that “we cannot allow this to continue.”

Oshiomhole, however, doubled down on calls for economic retaliation, arguing that Nigeria must move beyond rhetoric.

“I don’t want this Senate to be shedding tears to sympathise with those who have died. We didn’t come here to shed tears. I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

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He further argued that Nigerians should take advantage of opportunities in the local economy, currently dominated by foreign firms.

Senator Abdul Ningi warned South Africans over recent attacks on Nigerians, threatening that the country would take the fight to their territory.

“If a crime has been committed under the South African law, they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that.

“If these things continue, we have alternatives, we have options, and therefore, these words should be sent across South Africa. We know where South Africans are, not only in Nigeria but all over Africa, and we can take this fight to their territory,” he said.

Speaking, the Senate President, Godswill Akpabio, decried the attack, adding that the National Assembly would send a joint team to meet with the South-African parliament on the matter.

“This is just not acceptable, this is barbaric, this is cruel, this is unheard of, this is strange behaviour, and we’re not seeing action from the government of South Africa. These are aspects that annoy me,” Akpabio said.

The development underscores mounting pressure on the Federal Government to adopt a tougher stance, as recurring xenophobic violence in South Africa continues to strain diplomatic relations and provoke calls for both economic countermeasures and stronger protections for Nigerians abroad.

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Naira gains, trades 1,365/$ at official FX market

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…NFEM rate — N1,365.2474/$

…Naira strengthens by at least N9

…Black market (Buying and selling rates) — N1,390 — N1,400

The Nigerian naira strengthened against the United States (US) dollar, trading at N1,365.2474 at the Central Bank of Nigeria (CBN) official foreign exchange window on Monday, 4th May, 2026.

According to the data shared on the official platform of the Central Bank of Nigeria (CBN), the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,365.2474 per dollar and closed at N1,367.5000 per dollar.

Tribune Online reports that the Nigerian currency traded at an NFEM rate of N1,374.9431 on 30th April 2026, which was the previous trading date. Comparing this with the trading rate on Monday, the naira strengthened by at least N9.

At the parallel market, the naira-to-dollar buying rate decreased by N3, while the selling rate increased by N2, compared with the previous trading rate on 30th April, 2026.

According to Aboki FX, the Naira-to-dollar exchange rate at the black market on Monday, 4th May, 2026, was N1,390 for the buying rate and N1,400 per dollar for the selling rate.

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Experts promote rabbit value chain investment

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Experts in animal production have identified rabbit farming as a viable avenue for economic growth, job creation, and improved nutrition in Nigeria.

The experts made this known during a public lecture held at the Bauchi State College of Agriculture on Friday as part of activities marking Rabbit Appetite Day.

Speaking at the event, a registered animal scientist and lecturer at the Federal Polytechnic Damaturu, Sani Muazu, said there was a need to promote both the consumption and commercial production of rabbits across the country.

He described rabbit production as a largely untapped but promising sector capable of contributing significantly to Nigeria’s economy.

“Rabbit farming in Nigeria is still underdeveloped, with only about three to five per cent of the population engaged in the enterprise, mostly at small-scale family levels where farmers keep an average of two to seven breeding females. Despite this, the sector offers vast opportunities for expansion and commercialisation,” he said.

Muazu noted that rabbits are highly productive animals, with a gestation period of about 30 days and the capacity to produce up to 20 or more offspring annually.

He added that their low feeding and housing requirements make them suitable for students, smallholder farmers, and urban residents seeking alternative sources of income.

According to him, rabbit production extends beyond farming to other economic activities such as breeding, feed supply, veterinary services, processing, and marketing.

He also highlighted the nutritional value of rabbit meat, describing it as rich in protein, low in fat, and suitable for addressing protein deficiency in the country.

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On environmental sustainability, Muazu said rabbits require less land and water and emit fewer greenhouse gases compared to larger livestock, making them suitable for climate-smart agriculture, particularly in semi-arid regions.

However, he identified low public awareness and high mortality rates among young rabbits as major challenges hindering the sector’s growth.

He urged students and youths to take advantage of opportunities in rabbit farming by starting small-scale ventures that could grow into profitable agribusinesses, while calling on government and private sector players to invest in the development of the rabbit value chain.

In his remarks, the Provost of the Bauchi State College of Agriculture, Dr Ahmed Isah, described the event as timely and impactful, noting that it would encourage students to embrace self-employment through agriculture.

“Such initiatives are critical in addressing unemployment. Graduates can become employers of labour through ventures like rabbit farming,” he said.

He also encouraged members of the public to engage in rabbit production, describing it as a profitable and easy-to-start enterprise with the potential to improve livelihoods and boost the nation’s economy.

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