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Nigeria could make N50 trillion yearly from mining; more news and views

Federal, states and local governments are losing about N50 trillion annually from untapped resources that abound in the nation’s soil. Nigeria is estimated to be losing about N8 trillion annually from untapped gold. The estimates are monies that should have accrued to the federation account from royalties, taxes, charges and other fees from companies and individuals operating in the solid mineral sector if the Federal Government had paid enough attention to the development of solid minerals in the country. Going by this, Nigeria should not have had any financial crisis any time crude oil prices face southward. In fact, states in the country would have been well off financially and would not have been talking about bail out. However, the Mining and Mineral Act of 2007 which puts the exploration and exploitation of mineral resources in the exclusive list has hindered state from developing mineral deposit in their jurisdiction. Nigerians put the blame at the feet of federal politicians that have paid lip service to fiscal federalism. People are already pro-Buhari in terms of thinking, talking and writing in support of massive agriculture and mining expansion. Once Buhari clears the rot he left behind by Jonathan and PDP, then ‘doing’ will start, we believe – KH

The face-off between the Presidency and leadership of the National Assembly may take a longer time to resolve if President Muhammadu Buhari and his party insist on the Assembly leaders tendering an apology for defying the directive of All Progressives Congress, APC, in the choice of leaders. This is because both men are not in a hurry to apologise for defying both the President and party in putting themselves up for election into the two key NASS posts, according to a top ranking Peoples Democratic Party, PDP, lawmaker, who one of seven NASS members that spearheaded the election of both officers. This marriage of strange bedfellows in party politics keeps throwing worse twists. Pray tell, if Saraki and Dogara are truly APC stalwarts, how come it is PDP that now speaks for them to the media? KH

Speaker of the House of Representatives, Mr. Yakubu Dogara has explained why he dilly-dallied in considering the directive of the ruling All Progressives Congress (APC) over the sharing of principal officers’ positions in the lower legislative chamber. Speaking at the weekend when he received former members of the House who paid him a courtesy visit, Dogara said he had to thread cautiously because the party’s position ran contrary to the federal character provisions enshrined in the constitution. Also at an interactive session with reporters covering the House of Representatives, Dogara sought the support of media practitioners to help erase the erroneous notion that members of the National Assembly earn over-bloated salaries.

Two domestic staff of the kidnapped 78-year-old former Vice Chancellor of Federal University of Technology, Akure, FUTA, Ondo State, Professor Albert Ilemobade, have been arrested for allegedly murdering him and dumping his corpse inside his power generator house. The late Professor of Veterinary Medicine was said to have been strangled last Monday by his security man, identified as Daniel, and driver, Yemi, and dumped in the power generator house before fleeing with one of his vehicles, a red RAV4 SUV. The suspects were arrested by detectives in Ogun State, while they were attempting to sell off the car. Vanguard learned that the body was discovered in a store attached to the garage, where diesel is stored. While police in Akure were busy working on the theory that the deceased was kidnapped, little did they know that he had been murdered and his corpse dumped a few meters away from the main house.

Reviewing the actions and inactions of the administration in the first 30 days, the opposition Peoples Democratic Party, PDP called for prayers for an administration it claims has shown no movement or motion. The party spoke through its spokesman, Chief Olisa Metuh. “We urge Nigerians to join hands in prayers and offer useful suggestions to President Muhammadu Buhari and the APC because with what we have seen in the last 30 days, the present administration is finding it very difficult to get its bearings right while showing no inclination towards implementing its numerous campaign promises for which they were voted into office at the centre. “We are deeply worried that the President who promised to unveil his cabinet two weeks after his inauguration, has not been able to decide on key appointments such as ministers, Secretary to the Government of the Federation (SGF), a Chief of Staff and advisers in key sectors of the economy.”

The Presidential candidate of the United Progressive Party, UPP, Chief Chekwas Okerie said that already within 30 days of President Muhammadu Buhari’s administration there have been positive results. He said that though the ministers have not been appointed, some of the steps so far taken had yielded positive results, adding that they were made possible because of the character of the president. He said there was a better improved electricity supply and people were now determined to go to work, stressing that though the ministers were not there yet, the President and the permanent Secretaries were doing the work. He, however, said that the crisis in the ruling All Progressives Congress, APC, was nothing to cheer about and that it was not right for the President to keep quiet in the midst of the crisis. He called on the President to intervene as soon as possible to restore normalcy.

Lagos State Governor, Mr. Akinwunmi Ambode has expressed possibility for the construction of a 10 -lane expressway that would run from Ikorodu axis in Lagos through Itoikin, Epe to Ijebu Ode in Ogun State. Ambode made the remarks at an interactive session at the weekend, saying his administration would give priority attention to infrastructural development in the state. According to the governor, “We must start thinking of the future concerning that road. We said we will have an International Airport in Epe and an Export Processing Zone in Lekki and a Deep Seaport also in Lekki. What does that mean for that road? “When you take your freight from the Deep Seaport and the Export Processing Zone (EPZ) are we going to make them to start passing through that same road?” Point noted. If this gets beyond rhetoric and gets done, Lagosians would have yet a few more toll gates to pay at. While dangling the carrots of brand new roads, let Governor Ambode also tell us how much toll he plans to collect. KH


President Muhammadu Buhari’s Chief Security Officer, Abdulrahman Mani, has revoked the order by the Aide-De-Camp to the President, Lt.-Col. Lawal Abubakar, removing operatives of the Department of State Services from giving Buhari close body protection. Mani, in a memo countermanding the ADC’s order, said the DSS operatives should disregard the directive by Abubakar. He said the order was a misrepresentation of Buhari’s directive. Buhari’s ADC had on Wednesday last week issued a memo redeploying the DSS officials from 10 beats that they had hitherto manned inside the Presidential villa, explaining that the decision to strip the DSS officials of their traditional roles was part of efforts to enhance general security within the villa. Mani explained to the media that the DSS had constitutional rights to provide close body security for the president and other top government functionaries and that Abubakar had obviously ventured into unfamiliar territory.


Welcome to Monday June 29, 2015 and enjoy our other news and views of today – HAMILTONSTYLE.


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