The NMCO disclosed that although it has approved 7,000 mining licenses, fewer than 1,000 mines are active. Director General Obadiah Nkom called for reform in licensing fees and greater funding to enhance operations. The prevalence of illegal mining remains an issue, with calls for improved monitoring and compliance measures.
The Nigeria Mining Cadastre Office (NMCO) has issued around 7,000 mining licenses, yet fewer than 1,000 mines are currently operational. NMCO’s Director General, Obadiah Nkom, made this revelation during a meeting with the House Committee on Solid Minerals. He stressed the need for reform in licensing fees and ownership regulations to improve the sector. Despite generating over N8 billion in revenue, NMCO faces funding shortages that hinder its effectiveness. Nkom also highlighted progress in digital accessibility and collaborations with the Economic and Financial Crimes Commission to combat illegal mining. Meanwhile, Chairman Jonathan Gaza acknowledged the issues in licensing and confirmed that steps will be taken to address the agency’s financial constraints.
The article discusses the operational challenges faced by the Nigeria Mining Cadastre Office (NMCO) despite a high number of issued mining licenses. NMCO, which operates under the Federal Ministry of Solid Minerals Development, seeks to reform the licensing process and improve fund allocation. Illegal mining activities remain a concern, prompting both the NMCO and government officials to explore measures that enhance compliance with mining regulations and strengthen monitoring operations through technology.
In summary, the NMCO’s struggle with high licensing numbers versus active mines highlights significant inefficiencies in the Nigerian mining sector. Calls for funding reforms and improved regulation are crucial to combat illegal mining activities. Collaboration with authorities and the move towards digital solutions are steps being considered to enhance transparency and operational effectiveness in the field.
Original Source: nairametrics.com