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Subsidy: FG, Labour Resume Talks; Set Up Technical Committee
The Federal Government and organized Labour on Monday reconvened at the Presidential Villa, Abuja, to look into ways of cushioning the effects of the removal of subsidy on the Premium Motor Spirit (PMS).
Dele Alake, Special Adviser to the President on Special Duties, Communications and Strategy, said that steering and technical committees have been set up to help achieve the planned interventions for Nigerians.
“As we promised the last time we met; when labour called off their planned strike, we held a meeting today. We went through all the demands that labour had tabled, that is government and the labour unions last time.
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“They said they were going to go back to their executives and make consultations so that we reconvene today. That is exactly what we did.
“At today’s meeting, both parties went through the list and we ticked off the viable ones which are now broken into three categories; those can be given immediate attention, and those that can be achieved in the medium term and long term.”
Alake added that the committees would help actualize the dream of providing the interventions to cushion the effects of removal of subsidy.
“Work groups have been constituted at today’s meeting. There is a steering committee that will serve as a clearing house and there are other committees comprising both parties; government and labour.
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“They will work together very harmoniously and efficiently to arrive at the final resolution of all the demands of labour and what we (government) call interventions,” he said.
The President of Nigeria Labour Congress, Joseph Ajero and his Trade Union Congress counterpart, Festus Osifo both confirmed the setting up of steering and technical committees.
They said that the committees would commence work immediately and complete the assessments within a maximum period of eight weeks
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NiMet Predicts Three-day Rain, Thunderstorms From Monday
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JUST IN: Ooni Visits Olubadan-designate Ladoja In Ibadan
The Ooni of Ife, Oba Enitan Ogunwusi, on Sunday, paid a visit to the Olubadan designate, Rashidi Ladoja, at his Bodija private residence in Ibadan, Oyo State.
The PUNCH reports that Oba Ladoja will be installed as the 44th Olubadan on Friday, September 26, 2025, following the demise of the 43rd Olubadan, Oba Owolabi Olakulehin, who joined his ancestors on Monday, July 7, 2025, at the age of 90 years.
READ ALSO:Ladoja Coronation Date As 44th Olubadan Revealed
The two paramount rulers are currently exchanging pleasantries.
Details later…
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JUST IN: FG Revokes 1,263 Mineral Licenses Over Unpaid Fees
The Federal Government through the Ministry of Solid Minerals Development has announced a fresh revocation of not less than 1,263 mineral licenses.
These licenses, which will now be deleted from the Electronic Mining Cadastral System portal of the Nigerian Mining Cadastral Office, include 584 exploration licenses, 65 mining leases, 144 quarry licenses, and 470 small-scale mining leases.
The minister of Solid Minerals Development, Dele Alake, gave the revocation announcement in a statement issued by his special assistant on Media, Segun Tomori, on Sunday in Abuja.
The minister explained that the directive was issued due to the companies’ failure to comply with the requirement of paying their annual service fees.
The latest revocation brings the total mineral titles revoked under the current administration to 3, 794 including,619 mineral titles revoked for defaulting in paying annual service fees and 912 for dormancy last year.
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By opening up the areas formerly covered by these licenses, the revocation is expected to spur fresh applications by investors looking for fresh opportunities.
The statement read, “Not less than 1,263 mineral licenses will be deleted from the portal of the Electronic Mining Cadastral system of the Nigerian Mining Cadastral Office, MCO, following their revocation by the Federal Government.
“These include 584 exploration licenses, 65 mining leases, 144 quarry licenses, and 470 small-scale mining leases.”
Approving the revocation following the recommendation of the MCO, the Minister said applying the law to keep speculators and unserious investors away from the mining sector would make way for diligent investors and grow the sector.
“The era of obtaining licences and keeping them in drawers for the highest bidder, while financially capable and industrious businessmen are complaining of access to good sites, is over.
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“The annual service fee is the minimum evidence that you are interested in mining. You don’t have to wait for us to revoke the license because the law allows you to return the license if you change your mind,” the minister said.
He warned that the revocation does not mean the Federal Government has pardoned the annual service debt owed by licensees, adding that the list will be forwarded to the Economic & Financial Crimes Commission to ensure that debtors pay or face the wrath of the law.
“This is to encourage due diligence and emphasise the consequences of inundating the license application processes with speculative activities.”
In the recommendation to the minister, the Director-General of the MCO, Simon Nkom, disclosed that there were 1,957 initial defaulters when the MCO published the intention to revoke licences in the Federal Government Gazette on June 19, 2025.
He informed the minister that the gazette was distributed to MCO offices nationwide to sensitise licencees and encourage them to comply within 30 days in compliance with the Minerals and Mining Act 2007 and relevant regulations.
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He observed that the delay in the final recommendation was due to complaints of several licensees who claimed to have paid to the Federal Government through Remita and had to be reconciled.
Earlier this month, the DG MCO had hinted that more mining licences would be revoked as part of ongoing efforts to sanitise the solid minerals sector and protect investors from fraudsters.
According to Nkom, the clean-up exercise, which covers expired, speculative, and inactive titles, is necessary to make room for genuine investors and ensure compliance with the law.
This is part of ongoing efforts at sanitising the sector since the inception of the Tinubu administration, and the salutary effects of the reforms are massive and manifest despite the attempts to push back by defaulters and their agents.
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