Govt. Seeks An End To Illegal Mining
Nigerian government wants an end to illegal mining activities.
A commission to be known as Nigerian Mining Commission, would now be established to take charge of the regulatory role of the Ministry of Mines and Steel Development.
This will not only curb illegal mining activity but would also ensure predictability in the mining sector and boost local and international investments.
Dr. Kayode Fayemi who is the Minister of Mines and Steel Development disclosed this while speaking at the Nigeria Day at the ongoing African Mining Indaba in Cape Town, South Africa on Wednesday.
Fayemi said the law setting up the commission was already with the National Assembly.
Fayemi stated that the government was determined to strengthen regulation in the sector as well as ensure the improvement of its geological data.
He said the commission would not only be the final authority on regulatory matters, it would also take charge of mining leases.
Fayemi, in an interactive session with investors and the media also noted that the delivery of the geological data, which was presented at the forum, was in line with government’s desire to ensure bankable geological data that would be an incentive to investors.
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