Determined to address the myriad of challenges besetting the Nigerian mining industry, The Minister of Solid Minerals Development, Dr Dele Alake, has hinted there will be a forensic audit of the mining sector.
The minister in a statement by his Special Assistant on Media, Segun Tomori, said the initiative would boost investor confidence and sanitize the sector.
Tomori said the minister gave the hint during a meeting with Plateau State Governor, Caleb Mutfwang, last week at the ministry headquarters in Abuja, revealing that government is going to embark on a forensic audit of the entire sector and would collaborate with the Ministry of Science and Technology on satellite imaging, in line with the directive of the President.
According to the statement, Alake emphasised that the ongoing reforms would lead to the implementation of technology-driven mechanisms aimed at enhancing the regulatory framework of the federal government.
“This will assist in monitoring activities at mining sites and consequently bolster our capacity to effectively secure the mining environment,” Alake added.
Highlighting the importance of Plateau State in the Federal Government’s plan to develop the mining sector, Alake sought collaboration with Mutfwang to harness the vast solid mineral potential and address the prevalence of abandoned mining pits, which he noted represent relics of the colonial era.
In his reaction, Mutfwang commended the zeal and enthusiasm the minister has brought to the sector since assuming office, expressing optimism that under Alake’s leadership, Nigeria will unlock the vast potential of solid minerals to contribute significantly to the nation’s Gross Domestic Product.
On the security of mining sites, the governor hailed the mining marshals for their achievements so far, urging the minister to ensure their proper integration into the state’s security network to stay abreast of their activities.
Governor Mutfwang also advocated for an improved regulatory framework, up-to-date data in the mining sector, and federal support to address the issue of abandoned mining pits in the state. “We are hopeful that through our partnership with the ministry, we can leverage the Federal Government’s ecological funds to remedy these abandoned sites. Not only is this vital for health, but it also holds potential economic value,” Mutfwang emphasised.