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FG Promises to Secure the Value Chain of Gemstones

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  • FG Promises to Secure the Value Chain of Gemstones

The Federal Government has assured gemstones miners and dealers across the federation of a continuous support and promises to enhance the value chain of the sector for more productivity.

The Minister of State for Mines and Steel Development, Abubakar Bwari, gave the assurance on Thursday in Abuja while delivering his speech at the 2018 African Gems and Jewelry Exhibition and Seminar, AGJES2018, themed, ‘Mines to Market: Collaborating to Improve Industry Linkages; healing Africa through Gemstones.’

The minister said the government have a roadmap to broadening the capacity of the sector in improving the economy, in order to tap into the full potential of the viable local markets and also access foreign markets.

“This is why we continue to support the initiatives of the organizers in using this event as a platform for creating a viable local market and access to foreign markets for locally produced gems and jewelry.”

Bwari further expressed optimism on the solid minerals of the country, noting that the quality of gemstones from Nigeria is one of the best globally, “the beautiful gemstones we have in Nigeria from the blue sapphires at the plains of Mambilla to the amazing rubelite tourmaline that recently sold at 180 dollars per carat.”

“According to our laws, the Ministry of Mines and Steel Development is not an operator but a regulator of the sector, but we realize that we cannot achieve the objectives of this government in the solid minerals sector without the collaboration of stakeholders.” He said, reiterating the federal government’s effort to support and collaborate with stakeholders in the industry.

Also speaking at the event, Barr. Georgina Ehuriah, the Permanent Secretary of the Ministry of Mines and Steel Development, highlighted that Nigeria-Africa mines about 30 percent of the total world solid minerals produce and therefore needs to tackle the issue of illegal mining activities and other impediments plaguing the gemstones market.

Speaking to INVESTORS KING on the efficacy of Mines to Market as regards to the impediments crippling the Nigerian gemstones market, Mr Johnson Nnadozie Nwosu, one of the panelist of the event and the CEO of Jonsyn Global Integrated Resources Ltd, a leading Nigeria-African company in Topaz and other gemstones exportation explained that a lot of Nigerians do not know the quality and quantity of gemstones mined, processed and obtainable in Nigeria, one reason the exhibition and seminar was set up to create awareness.

He further stated that Nigeria produces and supplies up to 80 percent of Topaz in the global market, an aggregate higher than what is obtainable in other parts of the world.

“Nigeria has a better future in mining, we have not fully exploited the potentials of the solid minerals in the country, what we have going on is more of a child’s play called ‘surface mining’, the main deposits are yet to be accessed.

“The future of mining is bright in Nigeria, especially in this times when the government is beginning to look into economic diversification, mining is the best option as it has the capacity to generate substantial revenue and boost foreign exchange,” he said.

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Education

JAMB Releases 36,540 Withheld UTME Results, Dismisses Cyber Breach Claims

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The Joint Admission and Matriculation Board (JAMB) has quelled concerns over the integrity of the Unified Tertiary Matriculation Examination (UTME) results by releasing an additional 36,540 previously withheld scores.

This move follows earlier revelations of withheld results and assertions of a cyber security breach.

Fabian Benjamin, the spokesperson for JAMB, confirmed the release of these results in a statement issued late Tuesday in Abuja.

This latest batch of released scores, when combined with the 531 previously unveiled, brings the total number of results made public to 1,879,437.

Benjamin took the opportunity to address circulating rumors regarding the security of the UTME results.

He categorically dismissed claims of a cyber security breach, saying that the examination outcomes remain intact and securely stored.

He stressed that the results are not stored in any cloud system and thus cannot be compromised by external entities.

At the time of the UTME release, JAMB had disclosed that certain results were withheld pending further investigation.

Subsequently, 531 of these results were recently unveiled with the remainder still under scrutiny.

Benjamin explained that any candidates implicated in examination malpractice are undergoing thorough investigation.

The examination board intends to meticulously review footage from CCTV cameras installed across all accredited centers to ascertain each candidate’s involvement.

Benjamin urged the public to remain vigilant against misinformation originating from sources not affiliated with JAMB.

He attributed the discrepancies in minimum admissible scores to variations among tertiary institutions. Some institutions, he noted, proposed lower minimum scores than others, resulting in varying benchmarks.

Benjamin clarified that these benchmarks are determined collectively by all Heads of Institutions during the annual Policy Meeting on Admissions, ensuring uniformity across the country.

Also, Benjamin cautioned religious organizations against overstepping their designated roles.

He warned against the dissemination of false information to governmental bodies for personal gain.

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Travel

British Airways Owner IAG Prepares for Summer Surge Amid High Travel Demand

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As the world gradually emerges from the grip of the pandemic, the travel industry is witnessing a resurgence in demand with British Airways owner IAG SA gearing up for a busy summer season.

Despite lingering challenges, the airline conglomerate remains optimistic about the outlook, citing strong demand for travel within Europe and across the Atlantic.

In a recent stock exchange filing, IAG disclosed an adjusted operating profit of €68 million ($73.3 million) for the three months ending March.

According to Chief Executive Officer Luis Gallego, the group’s core markets, including the North Atlantic, South Atlantic, and intra-Europe routes, have shown robust performance, positioning them well for the upcoming peak travel period.

With vaccination rates increasing and travel restrictions easing in many parts of the world, consumers are eager to resume travel plans, fueling the surge in demand.

However, the road ahead is not without its challenges. While travel within Europe and across the Atlantic remains strong, other regions present a more complex operating environment.

The ongoing conflict in the Middle East has dampened demand for certain destinations, while airspace restrictions resulting from geopolitical tensions, such as the Russian invasion of Ukraine, have disrupted flight routes to East Asia.

Despite these hurdles, IAG remains resilient, banking on the strength of its core markets and the performance of its brands to weather the storm.

The company’s strategic positioning and proactive measures to adapt to changing circumstances have positioned it to capitalize on the rebound in travel demand.

As the summer season approaches, IAG is focused on ensuring operational readiness to meet the surge in passenger numbers.

With travelers eager to reconnect with loved ones, explore new destinations, and embark on long-awaited vacations, the airline group stands ready to facilitate safe and seamless travel experiences.

As vaccination campaigns progress and travel sentiment rebounds, IAG’s proactive approach and strategic investments position it as a key player in the aviation industry’s recovery journey. With optimism on the horizon, the company remains committed to delivering exceptional service and fostering a seamless travel experience for passengers worldwide.

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Israeli Troops Take Control of Rafah Border Crossing Amidst Ceasefire Talks

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Israeli troops took control of the Rafah border-crossing area in Gaza on Tuesday morning, with Hamas saying all aid flows from Egypt had stopped.

The army has halted “the movement of people and aid completely,” the Hamas-run crossing authority said in a statement. Soldiers replaced Palestinian flags with Israeli ones.

It’s the first time Israel’s army has moved into the area since the war with Hamas began in October.

Israeli Military Tells About 100,000 People to Leave Eastern Rafah

Palestinians sheltering in Rafah were told Monday to move to an “expanded humanitarian area”.

The border is the main entry point for aid into Gaza, and the Palestinian territory’s only crossing aside from those with Israel. The US has been urging Israel for weeks to allow more food and other supplies into Gaza, parts of which the United Nations says are on the verge of famine.

The movement of troops came a day after Israel told residents in parts of eastern Rafah to leave immediately ahead of a possible attack on the city.

Most Arab and many European states have said Israel should not attack Rafah, fearing it would cause mass casualties. Prime Minister Benjamin Netanyahu says Rafah is the last bastion of Hamas, with about 5,000 to 8,000 of its fighters and senior leaders lodged in the city, as well as many Israeli hostages.

Cease-fire talks between the two sides continue to drag. Hamas said on Monday night it had accepted a proposal from mediators Egypt and Qatar. Israel rejected it, saying it contained demands the Jewish state cannot accept.

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