Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, announced a forensic audit of the mining sector to strengthen regulatory frameworks and boost investor confidence. This initiative includes using satellite technology for monitoring mining activities and addressing issues related to abandoned mining pits in Plateau State, in collaboration with Governor Caleb Mutfwang.
The Nigerian Minister of Solid Minerals Development, Dr. Dele Alake, has announced the initiation of a forensic audit of the mining sector aimed at restoring integrity and increasing investor confidence. In a meeting with Plateau State Governor Caleb Mutfwang, Alake shared that the audit is part of broader reforms involving technology updates, including satellite imagery in collaboration with the Ministry of Science and Technology, directed by President Bola Tinubu. This technology aims to enhance monitoring of mining sites and improve security within the sector. Alake highlighted Plateau State’s significance in the national agenda for mining and called for cooperative efforts with Governor Mutfwang to tap into the state’s mineral resources while addressing the ongoing issue of abandoned mining pits from past operations. He noted plans to create an Environmental Protection and Rehabilitation Fund to facilitate the restoration of these sites, turning them into productive agricultural areas. Governor Mutfwang, recognising Alake’s proactive approach, expressed optimism that Nigeria could harness its solid minerals for substantial contributions to the GDP. He also stressed the need for enhancing the regulatory framework and integrating mining marshals into state security networks to bolster oversight and safety in mining operations. Mutfwang further suggested utilising federal ecological funds to address the hazardous abandoned pits, underscoring their health risks and potential economic benefits.
The mining sector in Nigeria has faced numerous challenges, including regulatory inefficiencies, safety concerns, and environmental degradation. Abandoned mines from historical operations pose risks to communities and the environment. The government’s focus on conducting a forensic audit is intended to restore transparency and accountability, improve safety measures, and optimise the economic benefits of the country’s rich mineral resources. The collaboration with technology and state governments is a strategic move to modernise the industry and foster sustainable development.
The forensic audit of Nigeria’s mining sector seeks to enhance integrity, security, and efficiency in the industry. By leveraging technology and fostering cooperation between federal and state authorities, the initiative aims to address historical challenges and unlock the sector’s potential for economic contribution. Alake’s commitment to ensuring safe mining practices and revitalising abandoned sites reflects a proactive approach towards sustainable mineral development in the country.
Original Source: www.thisdaylive.com