The Nigerian government has allocated N2.5 billion for satellite surveillance to combat illegal mining, set to launch in one month. The project aims to monitor mining operations in real-time, addressing the significant revenue losses and fostering responsible mining practices through a newly established mining corporation with private sector involvement.
The Nigerian government is taking decisive steps to combat illegal mining activities by allocating N2.5 billion for satellite surveillance technology. According to Minister of Solid Minerals Development, Dele Alake, this initiative aims to launch within a month and will provide real-time monitoring of mining operations across the country. By using satellite gadgets strategically located, officials will be able to observe production volumes, the movement of trucks, and security situations at mining sites at a glance.
Minister Alake emphasized that the economic losses due to illegal mining are staggering, totaling trillions of Naira. He noted that the satellite project is not just about regulation, but it also holds the potential to generate significant revenue for the government. Given Nigeria’s extensive territory, he stated, it is crucial to employ technology for effective oversight even in remote areas often exploited by illegal miners.
In addition to satellite surveillance, the Nigerian government plans to establish the Nigerian Mining Corporation, which will be predominantly overseen by the private sector. The equity structure will be split with 50% for the private sector, 25% for the government, and 25% for individuals. Martins Imoniti, an executive with a strong background in mining finance from Australia, has been appointed as the new CEO to steer the corporation forward.
Addressing the challenge of state interference in mining, Minister Alake affirmed the federal government’s exclusive authority over mining regulations. However, he encouraged states to form special purpose vehicles (SPVs) to apply for mining licenses, thus involving them in mining operations while enabling them to capitalize on their local resources. His recent engagement with 32 governors highlighted a collaborative approach to mining governance.
The Minister also reported successful crackdowns on illegal mining, with over 320 illegal miners apprehended and a significant number facing prosecution. Recent convictions include nine individuals, along with foreign nationals. He underscored that law enforcement efforts are advancing in parallel with technological improvements, ensuring that illegal mining is met with legal consequences.
In conclusion, Nigeria’s proactive measures against illegal mining involve significant investment in satellite technology, the formation of a new mining corporation, and a collaborative approach with state governments. The overarching goal is to mitigate revenue losses and promote responsible mining practices while ensuring that offenders are held accountable under the law.
Original Source: www.premiumtimesng.com
