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28—SATURDAY Vanguard, AUGUST 1, 2020<br />

Adegbite’s Gold Finger<br />

Stories by Moses Nosike<br />

Since he was made the Minister <strong>of</strong> Mines<br />

and Steel Development by President<br />

Buhari, architect Olamilekan Adegbite<br />

has been working hard to turn the nation into<br />

a major gold producing one. With the price <strong>of</strong><br />

gold hitting unprecedented heights since the<br />

pandemic began, Adegbite moves is bound to<br />

benefit the nation immensely. J<strong>us</strong>t be<strong>for</strong>e the<br />

lockdown, the minister was at the stone laying<br />

ceremony <strong>of</strong> the Segilola Gold project, in Osun<br />

State by Thor exploration, a project which<br />

comprises a proposed open pit gold mining<br />

project based on an indicated mineral resource<br />

defined by a comprehensive drilling<br />

programme.<br />

According to sources, the project will process<br />

650,000 tons <strong>of</strong> ore, with a target production<br />

<strong>of</strong> approximately 80,000 ounces per year from<br />

next year. It was said that Adegbite has been<br />

actively supporting the project. During the<br />

block laying ceremony, the minister noted that<br />

the government was willing to give waivers<br />

on equipment and taxes to major investors<br />

willing to invest in the sector.<br />

“The Minister is overseeing the creation <strong>of</strong> a<br />

gold ecosystem in Nigeria. For the first time<br />

we have companies that mine and refine gold<br />

in Nigeria. Two gold refineries have been<br />

licensed who will refine the gold to international<br />

standards, which the CBN and other<br />

international investors can then buy,” says<br />

Ayodeji Adeyemi, special advisor on Media and<br />

publicity. He added that the vision <strong>of</strong> the<br />

honourable minister is to make Nigeria a major<br />

gold producing nation, which would generate<br />

revenue <strong>for</strong> the government and create a lot<br />

<strong>of</strong> job”.<br />

refined according to the London<br />

About two weeks ago, the first Bullion Market Association<br />

batch <strong>of</strong> artisanally-mined gold (LBMA) standards required <strong>for</strong><br />

bars to be purchased by the Central the <strong>us</strong>e <strong>of</strong> gold as a reserve<br />

Bank was unveiled at a reception instrument by the Central Bank<br />

ceremony to President Buhari on <strong>of</strong> Nigeria.<br />

July 16, 2020.This milestone is This means that the Central<br />

the culmination <strong>of</strong> 24 months <strong>of</strong> Bank will be purchasing gold that<br />

intense ef<strong>for</strong>ts by the leadership <strong>of</strong> has been mined, processed and<br />

Adegbite through the Solid refined under the Presidential<br />

Minerals Development Fund, Artisanal Gold Mining<br />

Kebbi and Osun states Development Initiative, PAGMI,<br />

government, Ministry <strong>of</strong> Mines <strong>for</strong> <strong>us</strong>e as part <strong>of</strong> Nigeria’s external<br />

and Steel Development, and the reserves.<br />

Ministry <strong>of</strong> Finance, Budget and Adegbite said in his speech that<br />

National Planning under a this milestone is a demonstration<br />

Steering Committee led by the <strong>of</strong> President Muhammadu<br />

Chief <strong>of</strong> Staff to the President, Buhari’s commitment to<br />

Pr<strong>of</strong>essor Ibrahim Gambari. It was diversifying Nigeria’s economy<br />

gathered that Nigeria has and <strong>for</strong>eign reserves. The<br />

produced, <strong>for</strong> the first time ever, Presidential Artisanal Gold<br />

in June 2020, artisanally-mined Mining Development Initiative<br />

gold that has been processed and (“PAGMI”) is a comprehensive<br />

artisanal and small-scale gold<br />

mining<br />

development<br />

programme, launched in 2019 to<br />

foster the <strong>for</strong>malization and<br />

integration <strong>of</strong> artisanal gold<br />

mining activities into Nigeria’s<br />

legal, economic and institutional<br />

framework.<br />

“PAGMI has been designed to<br />

integrate social, environmental,<br />

health and safety, economic,<br />

commercial and technical<br />

considerations, into its<br />

implementation. PAGMI is also<br />

designed as a broader strategy to<br />

address the structural and<br />

institutional factors such as rural<br />

poverty, lack <strong>of</strong> alternative<br />

livelihoods and difficulties in<br />

meeting legal and regulatory<br />

requirements that tend to p<strong>us</strong>h<br />

artisanal gold mining operators<br />

deeper into the in<strong>for</strong>mal<br />

economy”.<br />

Background: Using data from<br />

UN Comtrade, PAGMI estimates<br />

that between 2012-2018, 97<br />

tonnes <strong>of</strong> gold valued at over $3<br />

billion was illegally smuggled out<br />

<strong>of</strong> Nigeria.<br />

His Excellency, the President,<br />

approved PAGMI in 2019 to<br />

address these issues and foster the<br />

integration <strong>of</strong> artisanal gold<br />

mining into the <strong>for</strong>mal system.<br />

PAGMI seeks to tackle and resolve<br />

these longstanding issues, while<br />

also contributing to President<br />

Buhari’s vision to lift 100 million<br />

Nigerians out <strong>of</strong> poverty within a<br />

decade.<br />

On how will PAGMI work, it was<br />

stated that the catalyst <strong>for</strong> the<br />

integration is the provision <strong>of</strong><br />

access to markets <strong>for</strong> the artisanal<br />

miners through a National Gold<br />

Purchase Programme and the<br />

deployment <strong>of</strong> enhanced mining<br />

methods at artisanal and smallscale<br />

mining sites. However,<br />

providing better access to<br />

markets through the National<br />

Gold Purchase Programme is only<br />

the first step in a comprehensive<br />

artisanal and small-scale gold<br />

mining development strategy<br />

integrating<br />

social,<br />

environmental, health and<br />

safety, economic, commercial,<br />

and technical considerations.<br />

So, PAGMI will deploy safer and<br />

more efficient mining and<br />

processing technologies across<br />

artisanal mining locations across<br />

the country, starting with Kebbi<br />

and Osun states as the pilot states<br />

with intervention in Kaduna,<br />

Zamfara and Niger states to<br />

commence immediately after the<br />

pilot.<br />

Using a centralized <strong>of</strong>ftake and<br />

supply system supported by a<br />

decentralized aggregation and<br />

production network, PAGMI will<br />

buy all the gold produced by<br />

artisanal and small-scale miners<br />

and aggregated by licensed<br />

buying centers and aggregators<br />

<strong>for</strong> supply to the Central Bank <strong>of</strong><br />

Nigeria.<br />

Which States are benefiting<br />

from PAGMI?<br />

The main gold producing belt<br />

with history <strong>of</strong> artisanal workings<br />

and exploration activities in<br />

Nigeria will benefit from PAGMI.<br />

Intervention at artisanal mining<br />

sites will take place in Kebbi,<br />

Kaduna, Zamfara, Niger and<br />

Osun states respectively with<br />

Kebbi and Osun serving as pilot<br />

states. PAGMI will also be setting<br />

up gold aggregation centers in<br />

addition to supporting licensed<br />

buying centers and aggregators<br />

with access to financing options,<br />

Assessing Jobberman’s initiative in bridging Nigeria’s skills gap<br />

nemployment is high<br />

Uamong Nigeria’s youth<br />

population. This age demography<br />

(15-35 years) accounts <strong>for</strong> about<br />

50% <strong>of</strong> 200 million population. To<br />

avert unemployment escalation<br />

and its dangers, Nigeria can<br />

leapfrog education and up-skill its<br />

youth <strong>for</strong> appropriate jobs<br />

through Online education<br />

especially as Covid-19 has<br />

engendered New Normal. This<br />

report assesses Jobberman’s<br />

intervention in this regard.<br />

Late last year, at the 31st<br />

convocation <strong>of</strong> the Federal<br />

University <strong>of</strong> Technology, Akure,<br />

Ondo state, President<br />

Muhammadu Buhari expressed<br />

worry on the uncomplimentary<br />

remarks by employers <strong>of</strong> labour<br />

that Nigerian graduates are not<br />

employable. The sweeping<br />

assessment simply means these<br />

employers <strong>of</strong> labour find it difficult<br />

to fill critical vacant positions to<br />

drive trans<strong>for</strong>mations.<br />

While this challenge has<br />

implications <strong>for</strong> the smooth<br />

running <strong>of</strong> the companies and<br />

growth <strong>of</strong> the economy, it is<br />

obvio<strong>us</strong>ly one <strong>of</strong> the factors<br />

swelling Nigeria’s unemployment<br />

rate presently at 23.1%. “This<br />

means that about 50 million out<br />

<strong>of</strong> the 200 million population do<br />

not have jobs. Some <strong>of</strong> those that<br />

have jobs are not appropriately<br />

fitted <strong>for</strong> the jobs. Un<strong>for</strong>tunately,<br />

the youth (those within the ages<br />

<strong>of</strong> 15-35 years) who <strong>for</strong>m about<br />

50% <strong>of</strong> the population account <strong>for</strong><br />

the highest number <strong>of</strong><br />

unemployed out <strong>of</strong> which 25<br />

million graduates are said not to<br />

have jobs”.<br />

A source from Jobberman’s<br />

initiative said that yearly,<br />

Nigerian tertiary institutions<br />

churn out many graduates, some<br />

<strong>of</strong> who are ill-prepared both in<br />

character and content <strong>for</strong> their<br />

own jobs or white-collar jobs.<br />

According to the source, as at last<br />

year, there were 174 universities<br />

(43 Federal Universities, 52 state<br />

Universities and 79 private<br />

Universities). Nigeria also has 134<br />

recognised Polytechnics in Nigeria<br />

(29 Federal Polytechnics, 48 state<br />

Polytechnics, 57 private<br />

Polytechnics. Many <strong>of</strong> these<br />

institutions are poorly funded and<br />

they run on old models, a<br />

development which ca<strong>us</strong>es them<br />

to give birth to ‘poor’ students.<br />

“In the last few years, Nigeria<br />

has made strides to attract<br />

investments and equally<br />

encouraging local investments.<br />

These multi-billion dollar<br />

investments in vario<strong>us</strong> sectors <strong>of</strong><br />

the economy that are competing<br />

in the global village need<br />

knowledgeable, hard-working,<br />

and articulate employees to<br />

handle tasks <strong>for</strong> the companies’<br />

growth. It is not only about<br />

credentials, but having<br />

personable, cultured, confident<br />

and well-groomed individuals to<br />

represent the companies.<br />

While speaking at the<br />

convocation, Buhari who was<br />

represented by Suleiman Y<strong>us</strong>uf,<br />

the Deputy Executive Secretary<br />

<strong>of</strong> the National Universities<br />

Commission (NUC) tasked the<br />

universities in the country to<br />

ensure that their graduates are<br />

employable. “As it is and with the<br />

existing wide gap between<br />

employers’ demand and<br />

employees, the task <strong>of</strong> making<br />

Nigerian graduates, job seekers<br />

and workers fit into the new<br />

workplace environment is a task<br />

not only <strong>for</strong> Nigerian universities<br />

alone”.<br />

Jobberman’s intervention<br />

•Adegbite<br />

It was in this connection that<br />

Jobberman, Nigeria’s <strong>for</strong>emost<br />

recruitment plat<strong>for</strong>m that helps<br />

employers and job seekers solve<br />

their recruitment and<br />

employment challenges recently<br />

introduced its world-class online<br />

s<strong>of</strong>t skills training, designed to upskill<br />

Nigerian youth between the<br />

age <strong>of</strong> 18 and 35 with the<br />

necessary s<strong>of</strong>t skills needed in the<br />

workplace.<br />

Ordinarily, some University<br />

graduates and other job seekers<br />

may qualify academically <strong>for</strong><br />

certain jobs, but they need certain<br />

non-technical skills to be recruited<br />

or retained on the jobs and this is<br />

where Jobberman, driven by<br />

tested managers, is filling the gap<br />

that some universities don’t <strong>of</strong>fer.<br />

Jobberman, led by Hilda<br />

Kab<strong>us</strong>henga-Kragha who has<br />

worked in global consulting<br />

organisations including KPMG<br />

and McKinsey, understands how<br />

the Nigerian job market works.<br />

The firm is playing this critical<br />

societal role in <strong>care</strong>er services to<br />

enable young Nigerian graduates<br />

secure their dream jobs. Having<br />

the right skills <strong>for</strong> the job is beyond<br />

a university degree. Many<br />

employers are looking <strong>for</strong><br />

employees who have the<br />

necessary s<strong>of</strong>t skills that make<br />

them better individuals in the<br />

workplace and can compete<br />

globally.<br />

S<strong>of</strong>t Skills, commonly defined as<br />

non-technical skills, enable<br />

individuals to interact effectively<br />

and cooperate better with others.<br />

These skills are vital to<br />

organizations and can impact<br />

culture, mindsets, attitudes, and<br />

behaviours throughout an<br />

enterprise.<br />

Participants who take part in the<br />

Jobberman S<strong>of</strong>t Skills training get<br />

certificates which can be presented<br />

to many employer<br />

partners looking to<br />

hire qualified<br />

candidates. So far, it<br />

is said that over<br />

20,000 people have<br />

participated in the<br />

first Jobberman S<strong>of</strong>t<br />

Skills post-training<br />

assessment and<br />

many <strong>of</strong> them have<br />

started getting jobs<br />

after<br />

the<br />

programme.<br />

Jobberman’s <strong>care</strong>er<br />

up-skilling has<br />

become significant in<br />

today’s Nigeria as<br />

many Nigerian<br />

higher institutions<br />

have remained stuck<br />

to the past as they are<br />

yet to integrate the<br />

necessary skills that<br />

are in high demand<br />

by the labour market<br />

into<br />

their<br />

curriculum. Most<br />

courses are still<br />

taught theoretically<br />

without practical<br />

experiences and this<br />

makes the average<br />

graduate not<br />

appropriately fitted<br />

<strong>for</strong> the demands <strong>of</strong> the<br />

present labour<br />

market, hence<br />

leading to poor labour<br />

per<strong>for</strong>mance.<br />

Underscoring the<br />

J o b b e r m a n<br />

Online approach<br />

The present time,<br />

more than ever, reen<strong>for</strong>ces<br />

technology<br />

as the backbone <strong>of</strong><br />

b<strong>us</strong>iness, education<br />

Read more on<br />

www.vanguardngr.com<br />

responsible sourcing mechanisms,<br />

management and technical<br />

expertise including improved<br />

testing and processing equipment.<br />

What will PAGMI achieve?<br />

PAGMI will result in the creation<br />

<strong>of</strong> over 500,000 new mining and<br />

<strong>for</strong>malized jobs, leading to poverty<br />

alleviation <strong>for</strong> more than 1 million<br />

ho<strong>us</strong>eholds.<br />

Wealth Creation: Under PAGMI,<br />

artisanal gold miners will earn<br />

more from higher productivity,<br />

better recovery rates,<br />

mechanization <strong>of</strong> operations, and<br />

better access to reliable geological<br />

in<strong>for</strong>mation. Increased earnings<br />

<strong>for</strong> the miners will have<br />

significant spillover effects in the<br />

local economies as b<strong>us</strong>inesses will<br />

grow to cater to the increased<br />

consumption per ho<strong>us</strong>ehold.<br />

Agreements have been reached<br />

with Thermo Fisher Scientific and<br />

Mettler Toledo, leading producers<br />

<strong>of</strong> gold testing and weight<br />

equipment to equip up to 50<br />

buying centers across the<br />

country.<br />

Revenues: PAGMI estimates<br />

that the Federal Government <strong>of</strong><br />

Nigeria could realize an annual<br />

average <strong>of</strong> $150 Million in taxes,<br />

$25 Million in royalties, and $500<br />

Million accretion to <strong>for</strong>eign<br />

reserves from the integration <strong>of</strong><br />

artisanal gold mining activities<br />

implemented by PAGMI.<br />

Reserves: PAGMI will allow the<br />

Central Bank <strong>of</strong> Nigeria to<br />

purchase locally produced gold in<br />

Naira to boost the nation’s <strong>for</strong>eign<br />

reserves..<br />

Health, Safety and<br />

Environmental Benefits: Effective<br />

implementation <strong>of</strong> PAGMI will<br />

help to control the <strong>us</strong>e <strong>of</strong> lead,<br />

mercury, and cyanides. PAGMI<br />

will also improve the working<br />

condition <strong>of</strong> artisanal miners,<br />

thereby reducing the number <strong>of</strong><br />

in-pit deaths that are seen on an<br />

annual basis.<br />

Security: Illegal artisanal<br />

mining has fueled instability<br />

across gold mining regions with<br />

intelligence reports confirming a<br />

nex<strong>us</strong> between illicit gold mining<br />

and a rise in banditry. For the first<br />

time ever, <strong>for</strong>malization driven by<br />

access to markets will give the<br />

artisanal gold miners a<br />

guaranteed pathway to<br />

prosperity. The greater<br />

transparency that PAGMI confers<br />

on the flow <strong>of</strong> financing in the<br />

sector will help diminish the<br />

incentives <strong>for</strong> criminality.<br />

PAGMI successfully separated<br />

and refined silver from the gold<br />

mined by the artisanal miners,<br />

thereby delivering additional<br />

value to them.<br />

Developing<br />

agric<br />

sector in Nigeria needs<br />

commitment<br />

— Eatrich Boss<br />

t is no doubt a globally accepted fact that<br />

Iagriculture s<strong>us</strong>tains human existence. In its<br />

most basic <strong>for</strong>m, agriculture ensures that there<br />

is food on the table and cloth <strong>for</strong> an average<br />

citizen. Hence, it has been described as one <strong>of</strong><br />

the biggest and most pr<strong>of</strong>itable sector in the<br />

world.<br />

To bring it closer home, Nigeria is one <strong>of</strong><br />

the countries that needs agriculture to grow<br />

its economy, even as it contributes a<br />

staggering 22 per cent <strong>of</strong> the nation’s Gross<br />

Domestic Product (GDP), more than any real<br />

sector <strong>of</strong> the economy. Also, it remains the<br />

single largest employer <strong>of</strong> labour in the<br />

Nigerian market, and a money spinner <strong>for</strong><br />

smart investors.<br />

However, if properly planned <strong>for</strong>, many<br />

Nigerians yearn to tap into this huge<br />

goldmine to diversify their investment<br />

portfolio and generate residual income. Now<br />

those into it have not found it easy beca<strong>us</strong>e<br />

agricultural sector in Nigeria has not<br />

developed.<br />

Following this background, in 2016,<br />

Eatrich Farms has carved a niche <strong>for</strong> itself to<br />

become a solid investment plat<strong>for</strong>m <strong>for</strong><br />

Nigerians. Since established, Eatrich Farms<br />

has worked through the entire agriculture<br />

value chain ranging from planting,<br />

harvesting, processing, packaging and retail,<br />

and is poised to deploy this knowledge <strong>for</strong> the<br />

benefit <strong>of</strong> investors/partners.<br />

According to CEO, Ambassador Sam<br />

Afolabi, Eatrich is not j<strong>us</strong>t another<br />

agriculture company, it’s a story. “Eatrich<br />

emanated from stark experience <strong>of</strong> the<br />

challenges bedevilling agricultural practice<br />

in Nigeria and is committed to changing the<br />

narrative through strategy deployment <strong>of</strong><br />

technology. I grew up in a family where my<br />

father and mother were raised as core<br />

farmers. I remember in those days where I<br />

<strong>us</strong>ed to follow my mum to the farm during<br />

school vacation. We worked practically all<br />

day on the farm all through my university<br />

Read more on www.vanguardngr.com

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