Nigeria’s Strategic Moves to Combat Illegal Mining

The Nigerian government has allocated N2.5 billion for satellite technology to combat illegal mining. Minister Dele Alake announced that the project will enhance monitoring of mining activities and support legal operations. Additionally, a new Nigerian Mining Corporation is being formed, with a substantial private sector role. Efforts to address illegal mining have led to numerous arrests and prosecutions.

The Nigerian government has dedicated N2.5 billion for the acquisition of satellite surveillance technology aimed at eradicating illegal mining across the nation. Minister of Solid Minerals Development, Dele Alake, announced that the initiative is set to commence within a month and will provide several benefits including the monitoring of unregulated mining activities and false production reporting.

The Minister emphasized that the satellite equipment will be strategically installed nationwide, allowing real-time visibility into mining operations. A centralized operation center will facilitate access to data, enabling officials to track extraction volumes, transportation logistics, and regional security conditions with ease.

Minister Alake highlighted the massive revenue losses attributed to illegal mining, which he estimated to be in the trillions of Naira, while expressing confidence that the new satellite initiative will help recover significant funds. He acknowledged the challenges posed by Nigeria’s extensive territory, recognizing the need for technology to monitor remote mining locations effectively.

In addition to satellite surveillance, the government is in the process of establishing the Nigerian Mining Corporation, which will operate largely under private sector influence. The equity structure will consist of 50% privatized control, 25% government ownership, and 25% allotted to individual stakeholders. Alake shared that Martins Imoniti, formerly of Australia’s mining sector, has been appointed as the CEO of this new entity.

Addressing concerns about state involvement in mining operations, Minister Alake stated that while the federal government retains regulatory authority, it encourages states to form special purpose vehicles for mining license applications. He engaged in meaningful discussions with governors to promote state participation and ensure they benefit from their local resources.

Measures to combat illegal mining have already been implemented, with local and international offenders arrested and prosecuted. The Minister reported that over 320 illegal miners have been apprehended in recent months, resulting in ongoing legal proceedings for about 150 individuals, with some convictions having been secured.

The Nigerian government’s strategic investment in satellite technology is a critical step towards curbing illegal mining activities. By enhancing monitoring capabilities and establishing a collaborative framework with states, the initiative aims to recover lost revenue and regulate the mining sector more effectively. The commitment to tackling illegal operations, alongside the formation of the Nigerian Mining Corporation, marks a significant progression towards responsible mining practices in Nigeria.

Original Source: www.premiumtimesng.com