The Federal Government has approved N2.5 billion for the procurement of satellite surveillance equipment to tackle illegal mining operations nationwide.
Minister of Solid Minerals Development, Dele Alake, announced that the project would be implemented within a month, ensuring real-time monitoring of mining sites across the country.
Speaking after Monday’s Federal Executive Council meeting, Alake emphasized that the initiative would help curb unregulated mining, unlicensed operators, and revenue losses due to underreporting of mineral extraction.
“We are installing satellite surveillance equipment in strategic locations across the country. This will allow us to monitor mining activities in real time, track mineral extraction volumes, and assess security conditions at mining sites,” he stated.
Revenue Losses and Mining Corporation Plans
Alake estimated that illegal mining has cost Nigeria trillions of Naira, adding that the satellite project is expected to improve revenue generation by enhancing oversight.
To further regulate the sector, the government is establishing the Nigerian Mining Corporation, with a proposed equity structure of 50% for private investors, 25% for the government, and 25% for individuals.
The President has also approved the appointment of Martins Imoniti, an Australian-based finance expert in mining, as CEO of the new corporation. The Ministry of Finance Incorporated (MOFI) will oversee its establishment.
Addressing State Involvement in Mining
On state government interference, Alake reiterated that mining falls under the federal government’s jurisdiction but encouraged states to participate through special purpose vehicles (SPVs) to obtain mining licenses.
“The governors were briefed on forming SPVs to apply for mining rights in their respective states. This approach will give them a sense of ownership and involvement,” he explained.
Crackdown on Illegal Miners
The government has intensified efforts to curb illegal mining, with security agencies arresting over 320 illegal operators. Of these, 150 are currently facing prosecution, while nine individuals, including four foreigners, have been convicted.
“The mine marshals are actively cracking down on illegal activities, working in tandem with our planned technology-driven surveillance system,” Alake affirmed.
The surveillance initiative is part of broader reforms aimed at boosting Nigeria’s solid minerals sector and maximizing its economic potential.
