How we will stop $9bn annual loss to illegal mining - APC, PDP, NNPP | The Guardian Nigeria News - Nigeria and World News

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Three leading political parties participating in the February 25 general elections – All Progressives Congress (APC), People’s Democratic Party (PDP) and the New Nigeria People’s Party (NNPP), on Wednesday outlined measures they would take to tackle illegal mining if elected. With a yearly loss of about $9 billion to illegal mining and smuggling of gold, […]

Three leading political parties participating in the February 25 general elections - All Progressives Congress , People's Democratic Party and the New Nigeria People's Party , on Wednesday outlined measures they would take to tackle illegal mining if elected.

According to him, most of the local companies that took over from the expatriates did not have the capacity and funding to operate on a large scale, a situation he said gave birth to illegal mining and smuggling. According to him, the NNPP administration would wield the big stick if entreaty and diplomacy fail to dissuade illegal miners from exploiting the government.

“To streamline the sector, we will give certificates to those qualified to explore and by the time that is done, it will shore up revenue for the government and that will gradually shift our economy from oil-dependent status. He added that the APC presidential candidate, Bola Tinubu has shown seriousness in tackling issues bedevilling the mining sector with his recent visit to miners in Nasarawa and Enugu State.

“So, he has met with them and assured them and he is asking for their cooperation. He is getting on the information he needs that his team will work on. He will deal with defaulters. “We must follow through to know what they are mining, the quantity, the on-takers. The APC candidate is not rh only one engaging with stakeholders. There are a whole lot of bigger processes and companies that are involved in mining.”

 

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