FG moves to block revenue losses in mining sector

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Posted on November 13, 2017

The Federal Government on Thursday unveiled an integrated and automated web portal in a bid to check revenue losses in the mining sector and encourage transparent participation by investors from within and outside the country.

Unveiling the portal in Abuja, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, said it was another bold step in consolidating the ease of doing business in the mining sector.

The minister, who demonstrated some geological enquiries on the Global Information System web portal during the event, said it would aid the steady growth of the mining sector.

According to him, the platform will help to block revenues losses in the mining sector and contribute to the realisation of the government’s goal of diversifying the economy’s revenue base, creating jobs, and broadening the range of economic opportunities available to Nigerians.

He stated that with the launch of the portal, the country had now joined the league of jurisdictions in the global mining space that had deployed technology to achieving transparency and ease of doing business in the mineral sector governance.

Fayemi noted that the overall objective of the project was to boost the provision of reliable information and knowledge to enhance the promotion of investment in the sector, using technology-driven innovation.

He stated, “Part of the deliverables of this project, among others, include business processes re-engineering, building of a GIS web portal with a business automation system, content management system, Geographic Information System, decision support system, collaboration and upgrade of the ICT infrastructure of the ministry.

“The strategy we have adopted is incremental in nature. Today, we are unveiling the following: content management system for the ministry and its agencies: market place comprising of minerals commodity price, certified list of COMEG members, list of mining operators with valid licences and related minerals they trade on, etc.”

Fayemi added, “Online application of licences and permit issued by Artisanal and Small-Scale Department such as formalisation of artisanal miners, registration of a small-scale operator, registration of private mineral buying centres, and renewal of private mineral buying centres are now available.

“With the launch of the portal today, Nigeria now joins the league of jurisdictions in the global mining space that have deployed technology towards achieving transparency and ease of doing business in mineral sector governance.”

The minister noted that the new technology would further reduce the time spent on various processes in the sector as information could now be assessed from any part of the world, just as transaction could be done from any location.


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