Increasing Demand For Mining Marshals Signals Industry Support For Government Policy - Alake | Independent Newspaper Nigeria

2024-04-29 20:05:13

Independent Newspapers Nigeria

ABUJA - The solid minerals industry has shown strong support for government initiatives with the increasing demand for the services of the newly established 2,220-man Mining Marshals by mining firms, confirming industry backing for the policy.

Speaking at a mining conference organized by the Nigerian Institute of Policy and Strategic Studies (NIPSS), Minister of Solid Minerals Development, Dr. Oladele Alake, revealed that the rapid response corps received requests for their services from three firms within a two-hour period, highlighting the industry's endorsement of the government's efforts.

Dr. Alake emphasized the role of the Mining Marshals as the coercive component of the administration's strategy to combat illegal mining, alongside the persuasive component, which encourages artisanal miners to formalize their operations through cooperative arrangements.

He reported the formation of 152 new cooperatives between September last year and last month, demonstrating progress in legalizing mining activities.

Providing a progress report on the Seven-Point Agenda unveiled upon assuming office, Dr. Alake declared Nigeria's readiness to emerge as a leading global mining destination, thanks to ongoing efforts to sanitize and reposition the sector.

Acknowledging NIPSS's focus on the mining sector and its strategic importance in diversifying the economy, Dr. Alake commended the institution for its role in enriching policy analysis and recommendations for sectoral development.

Highlighting achievements of the agenda, Dr. Alake revealed progress in enacting legislation for the establishment of the Nigerian Solid Minerals Corporation, aiming for a private-sector-driven corporation structure to ensure efficiency and longevity.

In efforts to derisk the sector and attract investors, Dr. Alake emphasized the importance of comprehensive data, noting collaborations with international agencies such as the World Bank and German firm GeoScan GmBN to generate vital geo-data.

Furthermore, Dr. Alake highlighted operational policies such as revised guidelines for Community Development Agreements (CDA), revocation of dormant licenses, and inclusion of value addition plans in license applications.

The Minister's efforts to market the sector have borne fruit, with global mining company Glencore expressing interest, and his election as chairman of the African Minerals Strategy Group (AMSG), a testament to Nigeria's growing prominence in the global mining landscape.

Dr. Alake urged NIPSS to leverage the summit to formulate suggestions and recommendations to support sustained development in the mining sector, aligning with the government's vision for Nigeria's emergence as a global mining destination.

2024-04-29 News