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You have no right to ban mining activities– minister cautions governors



Dele Alake, the Minister of Solid Minerals, issued a caution to governors, emphasizing that they should refrain from prohibiting mining operations within their respective states.

Alake stressed that no governor has the legitimate power to impede mining activities within any state across the country.

These statements were conveyed by the minister during a pre-event press briefing in Abuja ahead of the 8th edition of the annual Nigerian Mining Week 2023, set to take place from the 16th to 18th of October.

According him, “for a State to wake up and say it is regulating mining activities is like a state waking up to ban oil exploration which is downright illegal”.

Alake emphasized that mining is exclusively within the Federal Government’s domain as stipulated by the Constitution, noting that no governor is constitutionally empowered to enact laws, regulations, or oversee operations concerning solid minerals resources.

He said: “The states’ ban on mining activities across the country is a point that is really sore. And it’s a constitutional matter.

“I want to use this opportunity to get to the entire Nigerian public that no state, and I repeat, no state, has the authority to interfere in mining operations. No state has the authority and it is not it’s a no-brainer. It’s a constitutional matter.

“Mining belongs exclusively in the purview of the Federal Government, according to the Constitution. It is in the exclusive legislative list. It is not in the residual. It is not in the concurrent. It’s in the exclusive legislative list. Every item on the exclusive legislative list belongs to the Federal Government.”

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IMF Urges Stronger Social Safety Nets to Maximize AI’s Benefit



International Monetary Fund
– IMF warns of job losses and inequality from generative AI
– Fiscal policy crucial for equal distribution of AI benefits
– Upgrades to social protection and tax systems necessary

The International Monetary Fund (IMF) has sounded the alarm on the potential negative effects of generative AI on jobs and wealth inequality. To mitigate these effects, the IMF recommends implementing stronger social safety nets and fiscal policies.

Accordingly, governments should consider new measures to raise revenue and support workers who lose their jobs due to AI. This includes investing in sector-based training to prepare workers for the jobs of the future.

The IMF emphasizes that fiscal policy has a major role to play in ensuring a more equal distribution of AI’s benefits. However, this requires significant upgrades to social protection and tax systems worldwide.

As the IMF notes, “Fiscal policy has a major role to play in supporting a more equal distribution of gains and opportunities from generative AI.” They argue that more generous unemployment insurance and investment in sector-based training are necessary to prepare workers for the changing job market.

The IMF advises against a special tax on AI products, instead suggesting that corporate tax breaks that encourage job displacement should be reconsidered. Strengthening taxes on capital income could help offset rising wealth inequality.


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Police Probe US Businessman’s Sudden Demise in Lagos Hotel



– US-based businessman Onyejekwe Izuchukwu found dead in Lagos hotel
– Police investigation underway to determine cause of death
– Autopsy to be performed to reveal more details

The Lagos State Police Command has launched an investigation into the sudden death of Onyejekwe Izuchukwu, a 62-year-old US-based businessman. Izuchukwu’s body was discovered in his hotel room in Ikoyi on June 9, 2024.

According to a source, Izuchukwu had been staying at the hotel since June 6, engaging in business activities. Tragically, his lifeless body was found by a cleaner on the floor of his room.

The hotel’s management reported the incident to the police, who have commenced an investigation into the circumstances surrounding Izuchukwu’s death. A doctor was called to the scene and confirmed the businessman’s demise.

Izuchukwu was a prominent figure in the oil and gas industry, having served as President of Bits and Drilling Tools, a division of Schlumberger. His death has sent shockwaves through the industry.

“The command has commenced an investigation into the case,” said Police Public Relations Officer, Benjamin Hundeyin. “Izuchukwu’s corpse has been deposited in a morgue in Ikeja for autopsy.”


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