Dele Alake, Minister of Solid Minerals Development, has reaffirmed the government’s commitment to repositioning Nigeria’s mining sector as a leading revenue source. Key reforms include tackling illegal mining, digitising licensing processes, and enhancing community agreements, alongside establishing Nigeria as a premier mining destination in Africa.
The Minister of Solid Minerals Development, Dele Alake, has reinforced the Federal Government’s dedication to enhancing the mining sector as a key revenue generator for Nigeria. Speaking to participants at the National Defence College Course 33, Alake noted that reforms under President Tinubu are drawing global focus to Nigeria, positioning it as a leading mining hub in Africa. Key initiatives to tackle sector challenges include: – Establishment of Mining Marshals to curb illegal mining activities. – Ongoing incorporation of the Nigeria Solid Minerals Company. – Launching of the digitized Electronic Mining Cadastre (EMC+) for easier licensing. – Formalisation of over 152 artisanal miners into cooperatives. Alake also highlighted the introduction of the Nigeria Minerals Decision Support System (NMDSS), a digital platform offering global investors critical information for decision-making. To address host community concerns, he introduced revised Community Development Agreements (CDA), mandating operators to obtain community consent before applying for mining licences. He stated, “We have strengthened the Mineral Resources and Environmental Management Committee (MIREMCO) by encouraging states to nominate five of its eight members, including the chair, in conformity with relevant statutes.” Internationally, Alake’s efforts for local value addition led to his role as the inaugural chairman of the African Minerals Strategy Group (AMSG). He urged Course 33 participants to advocate for a mindset prioritising national interests over individual gains to enable transformation within the country.
Nigeria’s mining sector has historically faced challenges that hinder its potential as a significant contributor to the nation’s economy. Recent governmental reforms aim to address these issues and boost the sector’s appeal to both domestic and international investors. By establishing regulatory frameworks and cooperative structures, the government is trying to harness the country’s rich mineral resources responsibly while ensuring community involvement.
The Federal Government’s commitment to revitalising the mining sector through strategic reforms and community engagement efforts is aimed at transforming it into a major economic driver for Nigeria. With initiatives like the Mining Marshals, EMC+, and the NMDSS, alongside a focus on local value addition, the government seeks to enhance both revenue generation and environmental stewardship.
Original Source: tribuneonlineng.com