Key takeaways from the mining sector meeting:
– Minister Dr. Dele Alake emphasized the need to revise license rates to recoup government investments and deter inactive mining titles.
– Measures like satellite imaging are being used to improve sector management and crack down on illegal mining.
– Federal mine officers will be redeployed to enhance performance, with disciplinary actions for those found wanting.
– Concerns over State government interference are being discussed with state governors and the Nigerian Governors Forum.
– The N2.5 billion mining sector support fund will be transferred to the Solid Minerals Development Fund for better funding conditions.
– Quarterly interactive sessions will be held with stakeholders for feedback and dialogue.
– Various mining-related organizations presented concerns, including the negative impact of State government regulations on mining, the operation of mining marshals, the need for value addition, and exclusion from the review of mining laws by the National Assembly.
– The government and stakeholders are collaborating to improve the mining sector and foster sustainable growth.