The Ministry of Mines and Steel Development (MMSD) has spent 700 million Naira to develop an Integrated Automation and Interactive GIS Web Portal to improve 'Ease-of-Doing-Business' in the mining sector, the Minister, Dr. Kayode Fayemi, said on Thursday.

Dr. Fayemi gave the figure at the launch of the portal on Thursday in Abuja.

Fayemi said the portal is a cutting edge initiative that leverages technology for innovation and efficiency in mineral sector governance.

The project, according to him, will help increase provision of reliable information and knowledge, to enhance promotion of investments in the sector.

The portal was designed for mining investors to perform business processes including: online mining licences and mineral titles applications, online payment of royalties and fees, database for revenue drive while blocking revenue leakage.

Although he did not provide the URL for the portal, the Minister said the portal would provide credible and timely information while responding to online queries.

It will also provide business intelligence/analytics, reports and data.

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Lists of mining operators with valid licences and related minerals trade on private mineral buying centre and renewal of private mineral buying centres could also be accessed through the portal.

"This event is coming at a very auspicious time, on a broad scale; dividends of this administration’s commitment to turning around our economic fortunes," he said.

According to him, Nigeria has moved up in the global market by 24 points in the ease of doing business index for 2018 in a recent report released by World Bank.

He said Nigeria is also ranked as one of the 10 most improved economies in the world.

Fayemi said 75 staff have been trained on GIS across the mining sector.

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He said that operation of online application of mining title and licences issued by Nigerian Mining Cadestre Office, online application of licences and permit issued by Mines Inspectorate Department and GIS laboratory would commence in the first quarter of 2018.

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