Federal Government Urges Mining Companies to Abide by Community Development Agreements
The Honourable Minister of Solid Minerals Development, Dr. Dele Alake, has issued a firm warning to mining companies operating in Nigeria. Dr. Alake stressed the importance of complying with the revised Community Development Agreements (CDA), cautioning that failure to do so could result in sanctions imposed by the federal government.
In his keynote address at the inaugural BusinessDay Solid Minerals Conference in Abuja, Dr. Alake praised the newspaper for upholding ethical journalism standards and providing a platform for the independent and analytical dissemination of information to the public. He expressed appreciation for BusinessDay’s commitment to unbiased reporting and fair play, particularly during challenging times for the current administration.
Dr. Alake outlined the government’s efforts to revitalize the mining sector by presenting a comprehensive 7-point agenda. It was revealed that plans are underway to establish the Nigerian Solid Minerals Corporation, with the National Assembly in the process of creating legislation to govern the institution’s operations. The Minister also detailed the proposed share structure for the corporation, highlighting the government’s dedication to a private sector-led approach.
Additionally, Dr. Alake discussed the government’s ambitious minerals exploration project, aimed at providing comprehensive coverage of all categories of minerals across Nigeria’s landscape. He also mentioned the possibility of extending exploration efforts to coastal foreshores and deep sea mining opportunities.
In addressing security concerns surrounding mining sites and natural resources, Dr. Alake emphasized President Bola Tinubu’s commitment to this issue, highlighting the recent establishment of an inter-ministerial committee to oversee enhanced security measures.
The Minister also highlighted the government’s commitment to enhancing the ease of doing business in the mining sector through the digitization of mining application processes. He explained the implementation of the Electronic Mining Cadastral System, eMC+, an online platform for licensing applications that is accessible globally. Furthermore, Dr. Alake emphasized ongoing efforts to update the Nigerian Mining and Minerals Act 2007 to align it with national priorities.
Dr. Alake unequivocally stated that the government will no longer tolerate non-compliance with the revised guidelines for Community Development Agreements (CDA) by mining companies. He warned of impending enforcement and potential sanctions for those who fail to adhere to the regulations.
In conclusion, the Minister reaffirmed the government’s commitment to transforming the mining sector into Nigeria’s new economic powerhouse, urging BusinessDay to support ongoing reforms and continue promoting the sector’s potential.
Overall, the government’s message is clear: mining companies must adhere to the revised Community Development Agreements to avoid facing penalties and contribute to the sustainable development of local communities.
