For three days, the Nigerian Senate will hold public hearings on the nine billion dollars per year that Nigeria loses to illegal mining and smuggling of Gold.
Senator Orji Uzor Kalu, a senator from Abia North and the Senate’s Chief Whip, initiated the three-day public hearing to address illegal activities in the nation’s mining sector.
Senator Philip Aduda, the Minority Chief Whip of the Senate, introduced Senator Ahmad Lawan, the President of the Senate, who said that illegal mining was causing the country to lose a lot of money.
There is still much work to be done in Nigeria before it can diversify its economy, he said, emphasizing that it must focus on developing its solid minerals sector.
Retired governor and former chairperson of the Senate committee on solid minerals and mining as well as steel development.
It was revealed that the mineral sector has failed to meet public expectations of driving economic growth and creating jobs for young people, according to the senator who presided over the three-day legislative activity.
The Nigerian Minerals Development Corporation (Establishment) Bill 2021 and the Nigerian Minerals Development Corporation (Amendment) Bill 2021 will also be discussed during the public hearing (SB.505).
Establishment of Solid Minerals Producing Areas Development Commission (SB.713) and Institute of Bitumen Management (Establishment) Bill 2021 (SB.713) (SB.663).
Bill 2021 to repeal and re-enact the Explosive Act of 1964 (SB.749).