Business
Stakeholder Calls For Policy Regulation For Mining
The Danmasani of Marwa, Kaura Local Government Area of Kaduna State, Shehu Abui, has urged the Federal Government to formulate policies to regulate the country’s solid minerals and mining sector.
He made the call in an interview with The Tide source yesterday in Abuja, saying that mining contributed significantly to the country’s economy before the discovery of oil in commercial qualities.
“If you go to Plateau and some parts of Kaduna state, mining had started, even in Zamfara and Kastina, though not regulated, but they need to be regulated by the government just like the oil industry.
“The truth is that some 50, 60 years ago, Nigeria was very dependent on mining, for example in Plateau, we had tin mining and in the East we had coal mining.
“It was very important for the economy in addition to cocoa production in the West and groundnut and cotton in the North and palm oil in the East”, he said.
He said that though mining contributed a lot to the country‘s economy in the past, it was ignored when the production of oil came.
Abui said it was however, heartwarming that people had started going back privately into mining, but needed to be regulated.
He maintained that there was huge mining potential in country that could boost its economy and development if effectively harnessed, saying that all that was needed was political will.
He expressed optimism that with people like the newly elected president of the Nigeria Mining and Geosciences Society (NMGS), Mr Obadiah Nkom, there was hope for the country’s solid mineral sector.
Abui who said he had known Nkom over the years as a man determined to explore the sector, said with him as NMGS president, results would be produced in the solid mineral sector.
He expressed happiness that with the election of Nkom as the 30th president of the NMGS, the country‘s solid mineral potential would be effectively harnessed.
“He is not just an engineer with determination to make things happen, but a traditional title holder, he is the Ajia of Marwa in Kaura Local Government Area of Kaduna State”, Abui said.
“He had been identified a long time ago as somebody who is determined to serve the country and his immediate community,” Abui said.
NAN reports that Nkom, also the Director-General Nigeria Mining Cadastre Office (MCO), was elected as the NMGS 30th president in March at its 55th Annual International Conference in Enugu.
Nkom at his investiture on Saturday recalled that mining was one of the main-stay of the country’s economy, leading to the establishment and development of cities such as Jos and Enugu where generations were raised.
He noted that the country prior to the discovery of oil and gas in commercial quantity was known for its tin, columbite, and coal.
According to him, political will and a determined populace desirous of forgoing current short-time pleasure and comfort for a secured and sustainable future is required to achieve the full potential of the country’s solid mineral deposits.
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According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
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Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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