In a recent development, Tajudeen Abbas, the Speaker of the House of Representatives, has directed a firm appeal to President Bola Tinubu to address the issue of illegal mining in the northern region, which is believed to result in an annual loss of $9 billion to the nation’s economy. This call comes in the aftermath of an investigative hearing on illegal mining in the solid mineral sector, during which Abbas stressed the significant impact of illegal mining activities as a primary contributor to the instability in the northwest region, accounting for approximately 80% of the ongoing unrest.
Abbas emphasized the socio-economic challenges posed by illegal mining, specifically citing the detrimental effect on the ecosystem and the heightened poverty levels, particularly impacting farmers and host communities. He emphasized the urgency of government intervention to tackle this issue and prevent the further exploitation of Nigeria’s natural resources.
Jonathan Gbefwi, the Chairman of the House Committee on Solid Minerals, echoed similar concerns, citing the substantial risks posed by illegal mining to the nation’s economy, resulting in an annual loss of over $9 billion. Gbefwi expressed apprehension over the limited revenue generated from the sector, with a mere three percent of royalties reaching the national coffers. He underscored the importance of regulating the exploitation of natural resources to ensure the sustainability of the mineral sector and to mitigate environmental degradation.
The illicit mining activities have not only resulted in economic losses but have also deprived local communities of rightful benefits. The wealth anticipated from solid mineral deposits has been illicitly taken by criminal elements, perpetuating poverty and insecurity in the region.
Reports indicate that approximately 80% of mining in the North West region is conducted illegally, contributing to community violence and exacerbating the security crisis. The unchecked exploitation of untapped mineral deposits has worsened the plight of host communities, fueling fear, abject poverty, and deprivation.
Given these pressing concerns, Speaker Abbas and Chairman Gbefwi have called for urgent and decisive action to address illegal mining and uphold the rule of law in the solid mineral sector. They underscored the critical role of government intervention in safeguarding natural resources for the benefit of current and future generations.
It is imperative for President Tinubu and other relevant authorities to proactively take measures to curb the activities of illegal miners and enforce regulations that will safeguard Nigeria’s valuable natural resources. Failing to address this pressing issue could have dire consequences for the nation’s economy, environment, and the well-being of its citizens.
The revelation of the staggering annual loss of $9 billion due to illegal mining serves as a wake-up call for the government to prioritise the regulation and enforcement of laws in the solid mineral sector. By doing so, Nigeria can stem the tide of economic exploitation and environmental degradation while ensuring sustainable development for the benefit of all.