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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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Reps summon Dangote and NMDPRA over fuel imports feud

The lawmakers have formally invited both parties to provide detailed explanations, stressing that only a full understanding of the issues will allow the National Assembly to broker lasting solutions.

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The House of Representatives Joint Committee on Petroleum Resources (Downstream and Midstream) has intervened to halt rising tensions between the Dangote Refinery group and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The joint committee on Monday summoned Alhaji Aliko Dangote and the NMDPRA leadership to present their grievances before the committee, while both sides are ordered to cease all media hostilities pending a swift investigation.

The committees, jointly led by Hon. Ikenga Imo Ugochinyere and Hon. Henry Okogie, convened an emergency meeting to address what they described as “growing tension” threatening the stability of the downstream petroleum sector.

Ugochinyere said that the intervention was necessary to prevent further escalation at a critical time when government and industry stakeholders are working to stabilise supply, pricing, and regulation in the post-subsidy era.

“The renewed tension in the downstream sector, stemming from allegations by Alhaji Aliko Dangote against the NMDPRA, demanded urgent attention,” he said.

“The committee is committed to protecting the stability achieved in the sector.”

The lawmakers have formally invited both parties to provide detailed explanations, stressing that only a full understanding of the issues will allow the National Assembly to broker lasting solutions.

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Dangote appoints ex-CBN director Mahmud Hassan, as chief economist

In his new role, Hassan will serve as the Group’s top adviser on economic strategy, market trends, and policy implications, reporting directly to the President of the Group, Aliko Dangote.

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The Dangote Group has appointed renowned economist and former Central Bank of Nigeria Director, Dr Mahmud Hassan, as its Group Chief Economist.

In a statement released on Monday, the Group said the appointment would strengthen its economic advisory capacity at a time of heightened global and domestic market volatility.

In his new role, Hassan will serve as the Group’s top adviser on economic strategy, market trends, and policy implications, reporting directly to the President of the Group, Aliko Dangote.

Dangote Group said Hassan brings more than 30 years of experience in economic policy formulation, financial sector regulation, and central banking to his new role.

During his long career at the CBN, he held several senior positions, including Director of the Trade and Exchange Department and Director of the Monetary Policy Department.

He also served as Secretary to the Monetary Policy Committee and as Special Assistant on Economic Policy and Research to the CBN Governor

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NBS says rebasing behind inflation’s dropping

NBS, in the report published on its website on Monday, headline inflation further declined to 14.45 percent compared with 16.05 percent recorded in October 2025.

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The National Bureau of Statistics (nbs) attributes the droppings in headline inflation to the rebasing exercise it carried out five months ago, with the new base year set at 2024 instead of 2009.

NBS, in the report published on its website on Monday, headline inflation further declined to 14.45 percent compared with 16.05 percent recorded in October 2025.

NBS said that the Consumer Price Index rose to 130.5 points in November 2025 from 128.9 points in October, reflecting a 1.6-point increase from the preceding month (128.9).“

Looking at the movement, the November 2025 Headline inflation rate showed a decrease of 1.6 per cent compared to the October 2025 Headline inflation rate,” the NBS report read.

On a month-on-month basis, headline inflation stood at 1.22 per cent in November, higher than the 0.93 per cent recorded in October, indicating that average prices still increased at a faster pace during the month despite the moderation in annual inflation.

The statistical agency noted that on a year-on-year basis, headline inflation in November 2025 was 20.15 percentage points lower than the 34.60 per cent recorded in November 2024, largely reflecting the effect of the rebasing exercise, with the new base year set at 2024 instead of 2009.

Data from the report showed that the average CPI for the twelve months ending November 2025 increased by 20.41 per cent compared with the average of the preceding twelve months, representing a sharp slowdown from the 32.77 per cent recorded in November 2024.

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