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MAN ask FG to accord mining sector funding

By Ernest Nzor, Abuja
03 August 2022   |   5:04 pm
The Miners Association of Nigeria (MAN), on Wednesday, called on Federal Government should accord the solid minerals sector similar attention and funding models as applied to the Agricultural sector.

…….. seeks establishment of solid minerals bank

The Miners Association of Nigeria (MAN), on Wednesday, called on Federal Government should accord the solid minerals sector similar attention and funding models as applied to the Agricultural sector.

The group also urged the Ministry of Mines and Steel Development should catalyze the process of overhauling the extant legal and regulatory frameworks with the view to remove the multiplication of control and taxation by all tiers of Government, inhibiting the growth and development of the sector.

Acting National President of MAN, Alh. Musa Muhammad, disclosed this in Abuja, at the press briefing, ask the construction works on the Mineral buying clusters to be expedited to give effect to the recent policy on value addition to Nigeria minerals before export.

Muhammad noted that banning of mining activities in Zamfara and Katsina states has only succeeded in getting the legitimate operators out of their concessions and providing hideouts for these criminals

He said: “The following prayers as a panacea to some of the aforementioned challenges, the Remote Sensing and Monitoring Systems, an initiative launched in February 2020 by the Ministry of Mines and Steel Development, should be considered for implementation and installation in all mining locations.

“The initiative be concretized through a multi-agency approach by the Ministry of Mines and Steel Development, Ministry of Communications and Digital Economy, Nigerian Police, Nigerian Security and Civil Defence Corps and Miners Association of Nigeria.

“More digitized surveillance system for advance warnings, via continuous monitoring, be procured with adequate administrative and security personnel to enforce compliance with various regulatory policies and security protocols.

“That the ban on mining activities in Zamfara, Katsina and Niger States be reversed so that licensed mine owners will relocate to their mines and team with our security agencies to combat the bandits feasting on their legitimate concessions.

“ASM Department be empowered with personnel and logistics to provide the extension services as provided in section 91 of the Nigerian Minerals and Mining Act, 2007. That under an Executive Order, foreign nationals be prevented from entering mining sites during this period of National Security Emergency.

“Government, through the funding agencies, should engage Miners Association of Nigeria (MAN) to review the conditions to access the various intervention facilities meant for the sector by the intended small-scale operators or unlock them to facilitate the equipment leasing gaps in the identified mining clusters as a backward integration strategy for the established mining cluster buying centers.

He also calls on the government as a matter of national urgency, to convoke a high-powered conference, under the auspices of the Raw Materials Development and Research Council, to deliberate and recommend the quickest means to localize an industrial revolution that will fast-track economic recovery.

In his remarks, National Publicity Secretary of Association, Tope Adebanjo, said: “We need a bank that can give us loan access, the foreigners, for example, come into these countries much with or no interest into the country mining sector.

“Going by the exchange rate bringing one million dollar is not a different their that translates into about 3.7 trillion naira, how many banks in Nigeria can give a miner about 700 million naira? So we implore the federal government of Nigeria for a solid minerals bank. Because if you look at the situation of mining in Nigeria what we are doing now is fast finding specifically mining is exploration.

“It took Segilola almost 10-15 years to explore gold. So exploration is the real thing not fact-finding most Miners are fact funders, they go into the mining sites by luck and when they get it the next stage is to process. We need the federal government to establish solid minerals Bank, that is the way forward,” he said

He also said that the association consents to the notion and reality of the embarrassing trend of national insecurity and the dire need to combat it headlong, especially as the sector that feels the heat of insecurity more than any other sector, it is important for the public to know that mining is neither a precursor to national insecurity nor its sustainer.

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