Nigeria is set to conduct a forensic audit of its mining sector to sanitise the industry and boost investor confidence, the Minister of Solid Minerals Development, Dr Dele Alake can confirm.
Dr. Alake made this known during a meeting with Governor of Plateau State, Caleb Mutfwang. The minister explained that the ongoing reforms of the ministry would lead to the implementation of technology-driven modalities to enhance the regulatory framework of the federal government.
“I can reveal that we are going to embark on a forensic audit of the entire sector, we are collaborating with the Ministry of Science and Technology on satellite imaging, in line with the directive of Mr. President. This will assist in monitoring activities at mining sites and consequently bolster our capacity to effectively secure the mining environment,” Alake stated.
Dr. Alake sought cooperation with Governor Mutfwang to harness the vast solid mineral potential and ensure mining pits were not relegated into disuse, which he noted were relics of the colonial times.
“We are working towards creating an Environmental Protection and Rehabilitation Fund to establish a pool of resources that can be used for remediation efforts. This includes covering or converting abandoned pits, which pose a danger to our citizens and communities, into productive uses like irrigation,” the minister added.
In his response, Governor Mutfwang applauded the mining marshals for their feats, urging the minister to ensure proper integration into the state’s security network to stay informed of their activities.
The Governor sought an improved regulatory framework, up-to-date data in the mining sector, and federal support to address the issue of dilapidated mining pits in the state.
Governor Mutfwang stressed:
“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.”
