FG Plans Forensic Audit Of Mining Sector

FG Plans Forensic Audit Of Mining Sector …C0NTINUE READING HERE >>>

The Nigerian government will soon conduct a forensic audit of the mining sector as part of efforts to sanitise the industry and boost investor confidence.

The minister of solid minerals development, Dr. Dele Alake, who gave this hint at a meeting with Plateau State Governor Caleb Mutfwang on Wednesday, said ongoing reforms will lead to the implementation of technology-driven mechanisms aimed at enhancing the regulatory framework of the federal government.

Dr Alake said: “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.”

In a statement by his special adviser on media, Segun Tomori, the minister highlighted the importance of Plateau State in the federal government’s plan to develop the mining sector.
He further sought partnership with Governor Mutfwang to harness the vast solid mineral potential and address the prevalence of abandoned mining pits, which, he noted, represent relics of the colonial era.

“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.

Noting the zeal and enthusiasm the Minister has brought to the sector since assuming office, Governor Mutfwang expressed optimism that under Dr. Alake’s leadership, Nigeria will unlock the vast potential of solid minerals to contribute significantly to the nation’s Gross Domestic Product (GDP).
On the security at mining sites, the governor hailed the mining marshals for their achievements so far, urging the minister to ensure their proper integration into the state’s security network to stay abreast of their activities.
Governor Mutfwang also advocated for an improved regulatory framework, up-to-date data in the mining sector, and federal support to address the issue of abandoned mining pits in the state.

“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,” Governor Mutfwang said.

>