NEWS AGENCY OF NIGERIA

FG addressing environmental degradation caused by mining – minister

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By Martha Agas

The Minister of Solid Minerals Development, Dr Dele Alake, has said that the ministry is addressing the fears of states about environmental degradation by ensuring that mining companies comply with stipulated standards.

Alake stated this at the closing of the ninth Nigeria Mining Week on Wednesday in Abuja.

The minister stated that there were departments responsible for overseeing the operations of the operators.

He said that the departments have the veto to make sure that the operators comply with environmental standards and regulations.

Alake added that the move was aimed at addressing reports of subnational interference involving overregulation of the sector and multiple taxes imposed by state governments, among other issues.

“This issue came up at the chief executives roundtable on Tuesday. We have been engaging the sub-national authorities, which are not necessarily states alone but local governments as well.

“Some local governments also claim ownership of the land and then get into dispute with operators, so I have been engaging with these governments,” he explained.

He said that, in addition to the move, he encouraged state governments to apply for mining licenses to give them a sense of belonging and participation.

According to the minister, findings reveal that sub-nationals have grievances about possessing mineral resources in their areas but they do not have access to them.

He said that the move was easing tensions in states, with infractions by mining companies being reported to the ministry for appropriate action.

The minister urged mining stakeholders to think outside the box and introduce innovations and initiatives to address their challenges, stating that concerted efforts were required to develop the sector.

Alake further said that during engagements with chief executive officers of mining companies, a suggestion was made for the government to establish a solid minerals bank.

“I told them why don`t you think outside the box, why don`t you bend a little bit from a conventional perspective, and why can`t the operators come together and establish their own bank that will service themselves?

“If you wait for government to establish the bank, automatically government will control it, and it will now be subject to political influence, and the structure may not endure beyond the government that established it,“ he said.

He expressed confidence that Mining Week stimulated intellectual engagements, the exchange of ideas, and provided a platform to explore opportunities aimed at developing the sector.

The News Agency of Nigeria (NAN) reports that the theme for the mining week is ‘From the Inside Out: Building the Mining Sector to be the Cornerstone of the Economy.’ (NAN)(www.nannews.ng)

Edited by Peter Amine

Mining: Nigeria must move beyond extraction to unlock potential —Alake

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By Martha Agas

The Minister of Solid Minerals Development, Dr Dele Alake, has said that Nigeria must move beyond extraction in mining to reap the gains of the sector.

Alake stated this at a press conference to kick-start activities of the ninth edition of the Annual Nigeria Mining Week on Tuesday in Abuja.

He said that even though Nigeria was blessed with 44 minerals and possesses the critical minerals needed for energy transition, it must move beyond extraction to yield its full potential.

“We are focused on establishing systems and structures that allow Nigerians to benefit directly from our resources.

“Through local value addition, processing and beneficiation, our aim is to transform Nigeria’s wealth into industrial and economic power, generating jobs and supporting local businesses in ways that ripple through our economy.

“Lithium processing plants have been inaugurated in Nasarawa State, and plans are under way to unveil more processing plants on the outskirts of the Federal Capital Territory.

“Value addition is gaining traction and momentum because of the determination of the government to reposition the solid minerals sector to contribute significantly to the Gross Domestic Product,” he added.

He said that President Bola Tinubu’s administration was determined to implement its value addition policy by ensuring that mineral resources do not leave the shores of the country in their raw form.

According to him, the government is positioning Nigeria as a formidable player in the global mineral value chain, driven by a commitment to retain the wealth generated within the communities.

He added that the administration was also prioritising security of mineral resources through addressing illegal mining using both persuasive and coercive measures.

Alake stated that the mining week provides a unique opportunity to bring together investors, experts and government leaders from around the world to foster partnerships.

The minister explained that the move was aimed at driving innovation, financing and policy evolution, adding that the event was aimed at addressing both current challenges and future opportunities in Nigeria’s mining sector.

He said the event, with the theme “From the Inside Out: Building the Mining Sector to be the Cornerstone of the Economy”, was a demonstration of collective commitment by stakeholders to create an improved mining industry.

He said the vision was an industry that underpins national prosperity, supports sustainable growth and drives industrialisation.

The President of the Miners Association of Nigeria (MAN), Mr Dele Ayanleke, described the mining week as a platform for the assessment of industry progress, setting future agenda and showcasing emerging technologies and methodologies.

Ayanleke, who was represented by the National Financial Secretary, Tope Adebanjo, thanked their partners, Pricewaterhouse Coppers (PwC) Nigeria and the Vuka, for their continuous support toward the development of the mining sector.

Speaking, Partner and Forensics Leader at PwC, Habeeb Jaiyeola, said that the mining week was designed to showcase the achievements of the mining sector to the international community and local mining investors.

Jaiyeola said that critical topics would be discussed to strengthen Nigeria’s ability to compete favourably in the global mining sector, especially with the paradigm shift to cleaner energy sources.

The News Agency of Nigeria(NAN), reports that the week is being organised by MAN and is hosted by the Ministry of Solid Minerals Development.(NAN)(www.nannews.ng)

Edited by Peter Amine

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