Dr. Dele Alake, the Minister of Solid Minerals Development, has indicated that a forensic audit of the mining sector is on the horizon. This initiative is part of ongoing efforts to cleanse the industry and enhance investor confidence.
A statement released by Segun Tomori, the Special Assistant on Media to the Minister of Solid Minerals Development, revealed this important development on Thursday.
During a meeting with Plateau State Governor Caleb Mutfwang at the ministry headquarters in Abuja, the minister hinted at the impending forensic audit, stating, “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.”
Alake underscored that the current reforms will lead to the introduction of technology-driven mechanisms to enhance the federal government’s regulatory framework.
“By utilizing these technological solutions, we can better monitor activities at mining sites, thereby strengthening our ability to ensure the safety and security of the mining environment,” added Dr. Alake.
Recognizing the significance of Plateau State in the national plan for mining sector development, Alake expressed interest in collaborating with Governor Mutfwang to harness the abundant solid mineral resources and address the issue of abandoned mining pits, which he described as remnants of the colonial era.
“We are striving to establish an Environmental Protection and Rehabilitation Fund to create a reservoir of resources that can be utilized for restoration efforts. This includes the reclamation or repurposing of abandoned pits, which pose risks to our citizens and communities, for beneficial purposes like irrigation,” the minister further explained.
In his remarks, Governor Mutfwang praised the dedication and passion that the Minister has brought to the sector since taking office.
He expressed optimism that under Alake’s leadership, Nigeria will unlock the vast potential of solid minerals, significantly contributing to the nation’s Gross Domestic Product.
Regarding the security of mining sites, the governor commended the mining marshals for their accomplishments, urging the minister to ensure their effective integration into the state’s security network to keep abreast of their operations.
Mutfwang also called for an enhanced regulatory framework, updated data in the mining sector, and federal assistance to tackle the problem of abandoned mining pits in the state.
“Through our collaboration with the ministry, we aim to leverage the Federal Government’s ecological funds to address these abandoned sites. This is not only crucial for public health but also holds promising economic prospects,” Mutfwang stressed.