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Mining Stakeholders Hails Return of Fatima Umaru-Shinkafi to drive non-oil sector

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The Association of Small Scale Miners of Nigeria (ASSMN) Zamfara State Chapter , and the Nigerian Chamber of Mines and Geological Workers have applauded the reappointment of the Executive Secretary of Solid Minerals Development Fund/Presidential Artisanal Gold Mining Initiative (SMDF/PAGMI), Fatima Umaru-Shinkafi, by President Bola Tinubu.

In separate statements, the leadership of the associations expressed gratitudes to President Tinubu: “It’s a well-considered appointment that will further consolidate, deepen, and strengthen the solid minerals sector.”

The Chairman of ASSMN, Abubakar Rabiu, also  congratulated Fatima Umaru-Shinkafi on President Tinubu’s renewal of her appointment and urged her to justify the confidence Nigerians reposed in her to drive the non-oil sector of the economy in tandem with the President’s Renewed Hope Agenda of a prosperous, equitable, and just democratic nation.

The association praised Fatima Umaru-Shinkafi for her dedication and commitment to developing the solid minerals sector in Nigeria.

This sector has attracted foreign investors, empowered local miners, and provided jobs to thousands of youths, thus contributing significantly to the country’s gross domestic product.

According to the association, Fatima Umaru-Shinkafi is a paragon of excellence and will be motivated to take the solid minerals sector to the next level.

“The association is proud of Fatima Umaru-Shinkafi and will support her leadership of SMDS/PAGMI in revamping the nation’s economy and providing citizens with democratic dividends.

“We urge Nigerians to support this woman of destiny in our collective quest for a better society,” said Abubakar Rabiu.

Similarly,  the Nigerian Chambers of Mines, Geological Workers, also throw its weight behind Fatima’s reappointment.

With a deep understanding of the solid minerals sector’s challenges and prospects, she will effectively tackle illegal mining, poor regulatory compliance and formulate policies that promote best practices in the industry.

The Association’s  Chairman, Silas Kefas, described her reappointment as a well thought out decision and underscored the government’s confidence in her impactful leadership aimed at harnessing the solid minerals sector’s full potential and economic diversification essential for sustainable development and prosperity.

“A visionary leader and master strategist in the solid minerals industry, Fatima Umaru-Shinkafi’s laudable reform has revolutionalized the sector, attracted local and foreign investors and repositioned Nigeria as a competitive player in the global minerals market.

“With a renewed mandate, the solid minerals industry will witness significant advancement in the promotion of artisanal gold mining and value chain development, capacity building, job creation, infrastructural development, enhanced export capacity, financial prudence and significant contribution to the country’s gross domestic product that will revive the economy and foster prosperity to citizens.

With a deep understanding of the solid minerals sector’s challenges and prospects, she will effectively tackle illegal mining, poor regulatory compliance and formulate policies that promote best practices in the industry.

“We recall with pride the recent SMDF’s empowerment programme for 1000 women entrepreneurs in gemstone mining and utilisation as part of efforts towards contributing to the nation’s economic diversification starting with 100 womenparticipants in Lagos.

We are optimistic that thousands of women and youth will benefit from this worthy programme that will improve their well-being and make them self-reliant.

“We identify with Fatima Umaru-Shinkafi’s remarkable leadership and will always partner with SMDF/PAGMI to take the solid minerals sector to greater heights.

“We are all in it together to diversify and revamp the economy in line with President Tinubu’s Renewed Hope Agenda. Congratulations to the great Amazon of the solid minerals sector. It is a well-deserved re-appointment for continuity, development and advancement of SMDF/PAGMI.”

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Naira Exchange Rates Friday, 3 July 2026

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1, 397 Sell ₦1,405

GREAT BRITISH POUND (GBP) Buy ₦1,850 Sell: ₦1,865

EURO (EUR) Buy ₦1, 580 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370

CHINESE YUAN Buy ₦180 Sell ₦200

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460

CENTRAL AFRICAN CFA Buy ₦2, 220 Sell 2,300

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,370.15

GREAT BRITISH POUND (GBP) ₦1,832.17

EURO (EUR) ₦1,568.28

SWISS FRANC (CHF) ₦1,1705.44

JAPANESE YEN (JPN) ₦8. 51

CHINESE YUAN (CNY) ₦201. 80

WEST AFRICAN CFA (XOF) ₦2.38

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,859. 98

SAUDI RIYAL (SAR) ₦364.91

SOUTH AFRICAN RAND (ZAR) ₦84. 32

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Issue: Cloning Nigerian Investment Promotion Commission (NIPC)

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The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.

The Presidency says a man identified as Prince Adeniyi Adeyemi Matthew allegedly created and operated fake government agencies, forged appointment letters, and falsely claimed to have been appointed by Femi Gbajabiamila.
According to the statement:
The Office of the Chief of Staff discovered the alleged scheme after complaints from the Nigerian Investment Promotion Commission (NIPC) that an unauthorized body was operating in a way that conflicted with its functions.

The Chief of Staff petitioned the Department of State Services and the Nigeria Police Force in October 2025 to investigate alleged forged appointment letters.

The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.


Investigators allege Adeyemi operated from an office in the Federal Secretariat Complex, held meetings with diplomats, and sought diplomatic support to obtain U.S. visas for members of the alleged organization.
Police reportedly recovered forged documents and other exhibits during searches of his office and residence.

The investigation allegedly found that Adeyemi operated 34 bank accounts, including several in the names of fictitious organizations, and used forged documents to open a Central Bank of Nigeria account.

The Presidency says no government funds were paid into that account.
Police charged Adeyemi and two others before the Federal High Court on multiple counts, including forgery, impersonation, and obtaining by false pretence. The case is scheduled for hearing on July 27.


The Presidency also denied claims that Gbajabiamila appointed Adeyemi, stating that appointments to federal offices are issued through the Office of the Secretary to the Government of the Federation, not the Office of the Chief of Staff.


Current status


The Presidency maintains that:
the agencies in question are fictitious,
the appointment letter was forged,
Adeyemi is an impostor,
and the allegations against him should be resolved by the court.


As the case is pending before the court, the allegations remain subject to judicial determination.

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Naira Exchange Rates Thursday July 2, 2026

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1, 395 Sell ₦1, 403

GREAT BRITISH POUND (GBP) Buy ₦1,845 Sell: ₦1,865

EURO (EUR) Buy ₦1, 585 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370CHINESE YUAN Buy ₦180 Sell ₦200

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460

CENTRAL AFRICAN CFA Buy ₦2, 220 Sell 2,300

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,372.41

GREAT BRITISH POUND (GBP) ₦1,821.73

EURO (EUR) ₦1,565.37

SWISS FRANC (CHF) ₦1,695.42

JAPANESE YEN (JPN) ₦8.45

CHINESE YUAN (CNY) ₦201.98

WEST AFRICAN CFA (XOF) ₦2.40

WEST AFRICAN UNITACCOUNT (WAUA) ₦1,870. 31

SAUDI RIYAL (SAR) ₦365.45

SOUTH AFRICAN RAND (ZAR) ₦83.80

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