Review of the Mining Act key to sanitizing miners in this sector

Review of the Mining Act key to sanitizing miners in this sectorReview of the Mining Act key to sanitizing miners in this sector

The Miners Association of Nigeria (MAN) has said a critical review of the Nigerian Minerals and Mining Act (NMMA) 2007 will clean up the sector. MAN National President, Mr. Dele Ayanleke, said this in an interview in Abuja on Wednesday.

Ayanleke explained that the review was necessary to address the growing constitutional crisis, which will have serious economic consequences in the sector. He emphasized the need for orientation on how the currently applicable provisions of the constitution and the analyzed mining act can be examined to meet current challenges in the industry.

He called for the adoption of a due procedure for reviewing the Act to ensure its effectiveness. We firmly believe that the dynamics of human society require periodic reviews and reforms of the system.

“Hence, the legal and regulatory framework in the national mining ecosystem, in force for nearly twenty years, requires a review. However, it is necessary that such a review also takes place in accordance with due process ensuring the rule of law,” he said.

Minister of Solid Minerals Development Dele Alake in 2023 proposed amending the mining law to force investors to obtain consent from municipalities before applying for mineral titles.

Additionally, during a political dialogue on solid minerals organized by the House of Representatives Committee on Solid Minerals in February, committee chairman Jonathan Gbefwi said the reform was aimed at ensuring that the law was responsive to the country’s current realities.

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According to Ayanleke, MAN fully supports the ongoing initiatives of the National Assembly and the Ministry of Solid Minerals Development to review the Act, calling for more intensive dialogue as the process progresses.

“This is necessary given the point in the proposed constitutional amendment that mentions the involvement of state governments in mining,” he said. In April 2023, the Federal Executive Council approved the Nigerian Minerals and Mining Bill, 2023, which aims to amend the law governing the sector.

The new NMMA is expected to address key issues in the sector such as governance and local content, with the hope, among other things, of formalizing the sector and improving relations with local communities. The Central Bank of Nigeria suspends fees on cash deposits