PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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FG WARNS MINING COMPANIES ON COMPLIANCE TO COMMUNITY DEVELOPMENT AGREEMENTS. (PHOTOS).

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 FG WARNS MINING COMPANIES ON COMPLIANCE TO COMMUNITY DEVELOPMENT AGREEMENTS 



Federal Government has warned mining companies and licensed holders to  comply with the new revised Community Development Agreements ( CDA) or stand  the risk of revocation of their licenses by the Ministry of Solid Minerals Development. 


''Any Company that fails to sign the community development agreements stands the risk of having his license revoked''.


The Minister of Solid Minerals Development Dr Dele Alake gave the warning while delivering his keynote address at the BUSINESSDAY Solid Minerals Conference in Abuja with the theme ''Digging Deeper: Diversifying Nigeria's Economy For Wealth Creation'' .


Dr Alake explained that the essence of CDA  launched by the Ministry last year  was to engender a peaceful environment for mining operations to thrive, between the Communities, Federal government and mining companies and  frowned at the low level  of compliance   by mining companies to the CDA guideline 


'' I wish to note, with dismay, that only 18 companies signed CDAs with their communities last year. We hope to enforce the implementation of the revised guidelines in the new year and those found wanting will face stiff penalties'', Dr Alake stated.


While commending the  publishers of Businessday for initiating the conference; Dr Alake said ,  the Businessday Solid Minerals Conference will help enlighten the   Nigerian press about the structure and  needs  of the sector .


The Minister was optimistic on the  practicability of the adopted Seven-Point agenda given to  the Ministry by the Federal Executive Council as the administration's policy to reposition the sector for international competitiveness.


Dr Alake added that the establishment of the Nigerian Solid Minerals Corporation, Exploration  Data, Security and Safety of Mining, Domestic and International Investment Promotions, Support for Artisanal Co-Operatives and Campaign Against Illegal Mining, Value Addition for Industrial Transformation and Financial Stability was part of efforts to achieve  the objectives of transforming the sector, in line with the Renewed Hope  Agenda of President Bola Ahmed Tinubu led administration.


Earlier , the Publisher of Businessday, Mr Frank Aigbogun, who extolled the noble  initiative of the BUSINESSDAY Solid Minerals Conference, said it brought together key players in the sector, like lawyers and  financial bodies to ensure  the growth and expansion of the solid minerals sector for significant  investment.


He said:'' We believe that together, with the Minister of  Solid Minerals and his team, we can move the Solid Minerals Ministry to a level even beyond that we now imagine for the Ministry of Petroleum.''.

More photos below. 



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