Alake: Tinubu's Reforms Yielded N6.9bn Revenue in Mining Licence Fees in Q1 Processed nearly 1,000 title applications, with hundreds of licenses approved
Emmanuel Addeh in Abuja
The Minister of Solid Minerals
Development, Dr Dele Alake, yesterday reiterated that the reforms being carried out by the Bola Tinubu
administration in the Solid Minerals Development sector, yielded N6.96 billion in terms of collections of mining
licence fees in the first quarter of 2025. The minister, who spoke at the ongoing Organisation for Economic
Cooperation and Development (OECD) Forum tagged: “ Better Policies for Better Lives”, in Paris,
France at the weekend, argued that Continued on page 5
Tinubu, Sanwo-Olu, Bamidele Congratulate Afenifere Leader, Fasoranti, on 99th Birthday...
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Monday, Monday, January May 12, 6, 2025 Vol Vol29. 30.No No10865. 10991. Price: N400
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Rewane: Nigeria Has Too Many Underutilised Airports Says only two are profitable, three handle 92% of air traffic Foresees naira weakening to N1,900/$ with falling crude oil price Dike Onwuamaeze Amidst a growing trend of States across Nigeria investing in airport projects, the Chief Executive Officer of Financial Derivatives Company (FDC), Mr. Bismarck Rewane, has
pointed out that only two of the 33 airports in the country are profitable. Rewane also stated that only three airports in the country are responsible for handling 92 per cent of air traffic in Nigeria. The economist stated this in
the May 2025 edition of his Lagos Business School breakfast session titled, “100 Days of Chaos or Genius: What a Difference 100 Days Can Make.” Commenting on the Nigerian aviation sector, Rewane noted that
Nigeria has 33 airports, 13 airstrips, four military airfields, and 128 helipads. “However, only three airports handle 92 per cent of all traffic and only two airports are profitable. “Between 2017 –2019, Katsina
Airport earned N250.8 million, spent N1.58billion; Ibadan Airport earned N349.2 million, spent N1.39 billion; Calabar Airport earned N540.8 million, and spent N2.5 billion.” He declared that, “many airports are financially unsustainable,
necessitating their concession.” Rewane projected that not concessioning the airports as well as plus further forex depreciation would cause airfares to surge further Continued on page 5
2027: Patience Jonathan Rules Out Husband's Return to Aso Rock, Endorses Tinubu Says president, wife supported Jonathan in 2011 Insists on power rotation, urges others to step back
See story on page 5
TINUBU HOSTS POLITICAL STAKEHOLDERS FROM KEBBI, SOKOTO AND ZAMFARA... L–R: Former Kebbi State Governors, Adamu Aliero and Saidu Dakingari; APC National Organising Secretary, Suleiman Argungu; Sokoto State Governor, Ahmad Aliyu; APC National Chairman, Dr. Abdullahi Ganduje; President Bola Ahmed Tinubu; Kebbi State Governor, Mohammed Nasir Idris; Former Sokoto State Governor, Senator Aliyu Wamakko; Former Zamfara State Governor, Senator Abdulaziz Yari; Minister of Budget and National Planning, Senator Atiku Bagudu; Senator Yahaya Abdullahi; and Senator Garba Musa Maidoki, during the president’s hosting of political stakeholders from the three states at the Presidential Villa, Abuja… weekend GODWIN OMOIGUI
NSA Vows Prompt Prosecution of Vandals, Oil Thieves as PINL Meets Stakeholders...
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