The Minister of Solid Minerals Development, Dr. Dele Alake has made a case for an increase funding for his ministry in order to enhance its capacity to carry out detailed exploration of the nation’s vast mineral deposits.
According to the Minister, there are at least four categories of illegal miners: the unlicensed miners; licensed miners mining outside their Cadastral Units; licensed miners mining minerals different from what they are authorised to mine and miners mining with licenses exclusively restricted to Nigerians. The country loses over $9bn to illegal mining yearly, the Minister said.
Earlier Senate President, Sen. Godswill Akpabio lauded the Minister for personally attending the public hearing, noting that his presence indicated the commitment of the presidency to making solid minerals the fulcrum of diversification of the economy.
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