According to the OSGF, the issues raised in the correspondences are currently under review in line with its statutory role as Chairman of the Cabinet Secretariat and the coordinating authority for government policy implementation.
The Minister of Solid Minerals Development, Dr Dele Alake, disclosed while addressing prospective investors at the Resourcing Tomorrow exhibition and conference in London.
A major dimension of the scandal, lawmakers said, was that lead processed in Ogijo had already been traced into international supply chains, reaching global battery and automobile manufacturers who either did not address the findings or relied solely on assurances from Nigerian suppliers.
We’re going to test about 500 people, including factory workers, residents living close to the industries and even their suppliers.
A recent mapping of Used Lead-Acid Battery (ULAB) recycling facilities in Nigeria reveals that 64 percent of them are found within Ogun State, with most of them concentrated in the Ogijo area of the state.
The House Ad-Hoc Committee on Pre-Shipment Inspection of Exports and Non-Repatriation of Crude Oil Proceeds, led by Seyi Sowunmi, a Labour Party (LP) lawmaker, moved the motion to unravel a scandal stretching across political eras, oil booms, recessions, and multiple administrations.
This ban could have severe repercussions, including:- Loss of over N1.9 trillion in investments, primarily from indigenous Nigerian companies.
George Akume stated that the federal government’s push for the ban is inline with Nigeria’s commitment to global environmental standards.
VP Shettima while stating that Dangote Refinery must be protected at all cost, he added that the $20 billion facility is a national asset that must be supported to function.
Investors in Nigeria operate in an environment marked by uncertainty and institutional weakness, chief among are … weak legal protection, unrestrained union actions, regulatory unpredictability, bureaucratic bottlenecks and weak dispute resolution.
