The Nigerian government has announced a N2.5 billion investment in satellite surveillance to combat illegal mining, set to launch within a month. The initiative will enable real-time monitoring of mining activities and assess unauthorized operations. A new Nigerian Mining Corporation will also be established with private sector participation, while the government has taken legal action against numerous illegal miners.
The Nigerian government has allocated N2.5 billion for the procurement of satellite surveillance technology aimed at curbing illegal mining across the nation. Minister of Solid Minerals Development, Dele Alake, announced that the initiative is set to commence within one month. The project will enhance monitoring capabilities by providing real-time visual assessments of mining sites and identifying unregulated operations and illegal operators.
Minister Alake emphasized that the satellite system will facilitate immediate scrutiny of mining activities, allowing officials to monitor mineral extraction volumes, truck movements, and overall site security from designated operation centers. He noted that Nigeria has suffered significant financial losses due to illegal mining, amounting to trillions of Naira, and this new technology is expected to help generate substantial revenue for the government.
Additionally, the creation of the Nigerian Mining Corporation is on the agenda, with private sector involvement comprising 50% of the entity’s equity. The government will hold 25%, while the remaining 25% will be reserved for individual investors. Mr. Alake announced the appointment of Martins Imoniti, an experienced mining finance expert from Australia, as the corporation’s CEO.
Addressing state involvement in mining, Minister Alake reaffirmed the federal government’s regulatory authority while encouraging collaboration with state governments. He proposed that states form Special Purpose Vehicles (SPVs) to apply for mining licenses. During a recent meeting with 32 governors, he invited them to engage actively in the mining sector.
Furthermore, the Ministry has undertaken enforcement actions against illegal mining, with the Mine Marshals apprehending over 320 individuals in recent months. Currently, 150 illegal miners face prosecution, with some convicted, including four foreign nationals. The minister assured that law enforcement efforts continue in tandem with technological advancements.
The Nigerian government’s initiative to combat illegal mining through satellite surveillance technology represents a significant step towards improving the regulation of mining activities. With substantial investments and the establishment of the Nigerian Mining Corporation, alongside stringent enforcement measures, Nigeria aims to reclaim lost revenues and foster responsible mining practices. The involvement of states and the private sector further enhances this comprehensive approach to mining regulation and revenue management.
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