Dele Alake, the minister of solid minerals development, says the federal government is working on a forensic audit of the mining sector as part of efforts to sanitise the industry and boost investors confidence.
Segun Tomori, the Special Assistant on Media to the Minister of Solid Minerals Development, revealed this on Thursday.
The Special Assistant said, Alake gave the hint during a meeting with Caleb Mutfwang, the plateau State Governor on Wednesday at the ministry headquarters in Abuja.
He 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 remarks, Mutfwang commended the zeal and enthusiasm the minister has brought to the sector since assuming office.
He expressed 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.
