Business
ECOWAS Assures Of Mining Reforms
Amb. James Victor Gbeho, President of ECOWAS Commission has assured the local mining communities in the region of an enhanced environment.
He gave the assurance on Friday at Monrovia, according to a release issued in Abuja by the ECOWAS Department of Communications.
The release stated that the commission inaugurated a 10-member Ad-hoc committee as part of activities of the second meeting of ECOWAS Ministers in charge of Mineral Resources Development.
Gbeho said the overriding function of the committee was to monitor the implementation of the ECOWAS directive on harmonisation of guiding principles and policies in the mining sector and its accompanying plan of action.
“Our mission is to accelerate the integration of West Africa’s mining industry and attract the mining investment needed to create wealth for the citizens.
“It is also to protect and enhance the social life and the environment of the local mining communities”, Gbeho said.
He reiterated ECOWAS mandate of harmonising mining policies and programmes of member states, highlighting some achievements in the sector to include series of reforms.
“Such reforms were the development of national mining policies, defining the role of government as ‘Administrator-Regulator’ private sector is categorised as ‘Owner-Operator’.
“Review of the Minerals and Mining Acts to provide incentives to the private sector to participate fully in mineral exploitation and access to mining titles, exclusive rights and transferability of mining titles,” Gbeho said
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