MINING WEEK : FG To Ensure Ease Of Doing Business In Mineral Sector

13 October 2020 By Georgina Humphrey

The Federal Government is to engage stakeholders’ in sensitizing Communities, States and Local Governments , as well as civil society groups on their role in fostering the development of the mining industry.

Minister of Mines and Steel Development, Mr. Olamilekan Adegbite made this known in an address to declare the 5th Annual Nigeria Mining Week in Abuja.

He said to achieve set goals the Ministry is introducing digital service platforms and infrastructure for efficiency in the sector.

The Minister explained that a Remote Sensing Centre located in Abuja has been established to identify and manage informal and registered mining co-operative sites throughout the Country .

“Government is currently establishing a complete and comprehensive electronic National geo-Data Centre which will include current and colonial geoscientific data.

The Geo-Data will easily be a findable global network and accessible in a digital format to all investors and researchers.”

The Nigerian Geological Survey Agency Laboratory, the National Metallurgical Development Centre and the Nigerian Institute of Mines and Geosciences are being strengthened to provide research and build capacity in the sector.

He also stated that “Informal mining operators are now being organized into mining co-operatives and integrated into the institutional mining framework.

The minister acknowledged the fact that the global outbreak of COVID-19 pandemic has devastated the economy of nations as a result of lockdowns and other containment measures,

According to him the Nigerian Government views the current economic challenges as an opportunity to re-access strategies and rebuild a more resilient and diversified economy.

“Under my leadership there are programmes initiated to re-equipping these institutions and extensively training staff, whereby all is being done at the Nigerian Geological Survey Agency Laboratory, the National Metallurgical Development Centre and the Nigerian Institute of Mines and Geosciences to be strengthened to provide research and build capacity in the sector.

The co-operatives are currently being provided with extension services while the gold produced is purchased and processed for supply to the Central Bank.

The Segilola Gold Project, which is under construction, is Nigeria’s most advanced gold project with the capacity to process 650,000 tons per annum.

The Minister said Government is considering “fine-tuning a few sections to create further ease of doing business in Nigeria’s mineral sector.

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