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Nigeria loses $9bn to illegal mining annually –Reps

July 15, 2024
in News
Nigeria loses $9bn to illegal mining annually –Reps
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The House of Representatives Committee on Solid Minerals says the country is losing N9 billion annually to illegal mining activities across the country.

This is as the Nigerian Army said it had arrested 387 suspects in connection with illegal mining activities in the last seven months.

Chairman of the committee, Jonathan Gaza Gbefwi who disclosed this on Monday at a public hearing organised by the committee to investigate issues of illegal mining in the solid mineral sector, said the menace had hampered the country’s ability to maximize the benefits from its mineral resources.

He lamented that only a paltry three percent royalty was being paid by the few licensed miners in the country.

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According to him, the negative impacts of illegal mining have led to insecurity and conflicts over control of mining sites and their resources.

He said these conflicts had escalated into violence thereby exacerbating existing political and social tensions in affected communities.

“This public hearing is aimed to investigating illegal mining activities, under-reporting wins (extract E-Products) by mining and quarry licence operators, utilisation of financial interventions in the Nigerian solid minerals sector amounting to trillions of naira within the solid mineral sector and also the Nigeria minerals and Mining Act (Amendment Bill) and Nigeria Solid Minerals Development Company (establishment bill) respectively.

“Nigeria is losing N9 billion annually to illegal mining activities in the country. The leadership of the 10th House of Assembly has found it expedient and as a sense of duty to carry out these investigative hearings to necessitate transparency and accountability, public participation, policy formation and identify challenges and solutions that will ultimately lead to the revamping of our solid mineral sector.As we are all aware, illegal mining poses substantial risks to our nation’s economy, environment, and security.

“The unregulated exploitation of our natural resources jeopardises the sustainability of the mineral sector, leading to environmental degradation and revenue loss that could otherwise benefit our communities and nation as a whole.

“It is imperative that we take as a matter of urgency, decisive steps and necessary action to address this issue and ensure that our solid mineral sector operates within the framework of the law, protecting our natural resources for future generations”, he said.

This is just as the Chief of Defence Staff, General Christopher Musa disclosed that those involved in illegal mining activities had links with top personalities who give them cover.

Speaking on why illegal mining continued to take place despite move by the federal government to curtail it, Director Of Operations, Air Vice Marshal Nnaemeka Ignatius Ilo, who represented the Chief of Defence staff, said that most people involved in the process had connections backing them up, adding that foreigners also came into the country to carry out the illegal act.

Speaking also at the hearing, the representative of the Nigeria Army, Colonel Tajudeen Lamidi, said that the Army had arrested 387 individuals in connection with illegal mining

While declaring the public hearing open,  the Speaker of the House, Tajudeen Abbas who was represented by the House Leader, Professor Julius Ihonvbere, noted that illegal mining was a growing socio-economic challenge in Nigeria, adding that it had led to loss of ecosystems and increased poverty level, especially among peasant farmers who depend solely on environmental resources for a living.

He said, “The rise in illegal mining highlights fundamental social, institutional and structural problems in the country, therefore today’s interaction is aimed to provide enough guidance on curbing the menace of illegal mining, and also assess the role played by the Regulators in the process of their regulatory functions in the particularly as it relates to mining practices.”

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Copyright for syndicated content belongs to the linked Source : DailyTrust – https://dailytrust.com/nigeria-loses-9bn-to-illegal-mining-annually-reps/

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