Ministry of Mines and Steel Development is poised to actualize the Federal Government’s commitment to lift about 100milion Nigerians out of poverty in the next 10 years through the diversification of the economy from crude oil to solid minerals exploration and exportation.
The Minister of Mines and Steel Development Arc. Olamilekan Adegbite stated this when he inaugurated the Ministerial Committee on the Optimization of Revenue from Mineral Resources Sector.
Adegbite tasked the Committee to ensure that revenue generated from artisanal miners’ activities are recorded and work out ways to block leakages from illegal mining accruals. He added that the blockage of mineral revenue leakages with proper recording of revenue generated would boost the economy which would encourage more people go into mining and lift them out of poverty.
The Committee has the Minister of State, Mines and Steel Development, Dr. Uchechukwu Sampson Ogah, as Chairman.
Other members are: The Permanent Secretary, Ministry of Mines and Steel Development, Dr. Abdulkadir Mu’azu; Engr. O.S Nkom -DG- Mining Cadastre Office (MCO); Representative of Nigerian Society of Mining Engineer; Representative of Nigerian Society of Engineers; Representative of Nigerian Extractive Industries Transparency Initiative; Engr. J.O Adeyemo- Mining Consultant; Representative of Civil Explosives Dealers Association of Nigeria; Alh. Sank Shehu- Head Mining Group, ACCI; Director, Finance and Accounts, MMSD, Director, Artisanal & Small Scale Mining (ASM); Director, Investment Promotion & Mineral Trade (IPMT) and Director, Mines Inspectorate (MI).
In his acceptance speech, the Minister of State Mines and Steel Development and Chairman of the Committee, Dr. Uchechukwu Sampson Ogah, thanked the Hon. Minister for constituting the Committee promptly and promised to work assiduously to achieve its mandate of generating revenue and increase the Gross Domestic Product (GDP) of the country.
He said they would be committed towards looking at the cause of the current low revenue generation in the sector and find ways of blocking such leakages. He added that the sharp practice of miners who make false declaration of their mineral production with the intention of evading revenue payments will no longer be tolerated.