NEITI To Restructure The Mining Industries; Legitimise Illegal Miners

Nigerian Extraction Industries Transparency Initiative (NEITI) planned to convert illegal miners across the country which according to them, the current status where illegal miners dominate the sector, can no longer be ignored.

[vc_row][vc_column width=”1/2″]His words: “We have spoken to the Minister on illegal mining, they call them illegal miners but we in NEITI call them artisnal miners, if we chase them away, they come back, they dominate the sector and they can no longer be ignored so we are looking at how, [/vc_column][vc_column width=”1/2″]as has been done in countries like Ethiopia to find an enabling environment to make their work look legitimate so that they can pay taxes because we have only sixty five companies that are covered in the solid mineral sector but if field they are more, many of them do small, small businesses, if you tax those small businesses, it will create a lot of revenue.[/vc_column][/vc_row]

He stated this yesterday in Abuja, when the management team of NEITI paid a courtesy visit to the Minister of Solid Minerals, Dr. Kayode Fayemi.

[vc_row][vc_column width=”1/2″]“We are aware of the enormous work that has commenced in the ministry, we feel it is important that NEITI visits the ministry to share information and date that will help the ministry in the ongoing reforms.[/vc_column][vc_column width=”1/2″]We are aware that the oil industry globally is in crises and most countries that depends on oil are looking inwards for alternative means of survival and the solid minerals ministry in our country is better positioned.[/vc_column][/vc_row]

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