The Nigerian government is investing N2.5 billion in satellite surveillance to combat illegal mining. Minister Dele Alake revealed plans to track mining activities in real-time and enhance revenue collection. The establishment of a new mining corporation with private sector control and state collaborations is underway, alongside ongoing arrests of illegal miners.
The Nigerian government is allocating N2.5 billion to purchase satellite surveillance equipment to combat illegal mining in the country. Minister of Solid Minerals Development, Dele Alake, stated the project will launch within a month, enabling authorities to monitor mining operations in real-time across various locations. This initiative aims to address unregulated activities, unlicensed operators, and underreported production.
Mr Alake highlighted the significant revenue lost to illegal mining, estimating it in the trillions of Naira. To mitigate this loss, the government plans to utilise technology to oversee mining in even the most remote areas. The satellite surveillance is expected to enhance revenue generation for the government.
Moreover, a new Nigerian Mining Corporation will be established, primarily controlled by the private sector, with a proposed equity split of 50% private, 25% government, and 25% individuals. The newly appointed CEO is Martins Imoniti, recruited from Australia, to oversee operations and bring international expertise to the corporation.
The minister addressed concerns about state interference in mining regulations, ensuring that the federal government retains control but is open to collaboration with states. He encouraged states to create special purpose vehicles to apply for mining licenses, fostering local involvement.
Alake also reported the apprehension and prosecution of over 320 illegal miners, including both locals and foreigners, highlighting ongoing enforcement efforts parallel to the new technological initiatives.
The Nigerian government is taking decisive steps to tackle illegal mining through the procurement of satellite surveillance technology and the establishment of a new mining corporation. Minister Alake is actively engaging with state governments to promote legal mining practices while addressing illegal operations through arrests and prosecutions. These measures are aimed at recovering lost revenue and ensuring sustainable mining operations in Nigeria.
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