Nigeria to ban exportation of raw minerals in October…Fayemi

Nigeria in the next six month will stop the exportation of raw solid minerals as part of the country’s economic diversification efforts,  Minister of Mines and Steel Development, Dr Kayode Fayemi has said. 

The Minister who dropped the hint in a lecture titled “ Nigeria’s solid minerals: prospects and challenges and the nation’s quest for economic diversification” delivered in Abuja at the induction training for non-career ambassadors-designate said measures have already been put in place to make this a reality by October, 2017. 

He said that the move to end the era of mining and exporting raw or unprocessed solid mineral from the country was part of the ministry’s roadmap. 
Fayemi thereore charged the ambassadors designate to attract investors into the mining sector of the economy
According to him: “Before now a lot of illegality has been going in the sector people are just shipping out raw minerals which has informed government policy or decision of banning the unprocessed minerals unprocessed mineral.
“In the next six months raw minerals would not be allowed to be exported because beneficiation is a priority to this government rather than just exportation of the raw minerals.”
He said that any miner ready to invest in the sector must be willing to set up processing plants in host communities in order to create jobs for the people.
Fayemi said that whosoever that could not afford setting up a plant should collaborate with others.
He said that any miner ready to invest in the sector must be willing to set up their processing plants in host communities in order to create jobs for the people.
He explained that the enforcement of the ban would not be done arbitrarily as the investor would be given time to establish their processing plants.
The minister also called for the partnership of the state governments towards developing the mining sector in the country.
The minister said that although, mining was in the exclusive legislative list of the country’s constitution.
He said that there was no law precluding states with enormous resources from setting up mining companies and approaching the ministry for licenses to explore and exploit such resources.
According to him, states could do it solely or in partnership with private investors depending on the technical capacity.
Fayemi noted that given the fact that mining takes place in locations in states, there was need for partnership with host communities and the state to achieve results.
He said this was necessary especially with the economic diversification drive of the current administration.
He noted with concern that the right to issuance of consent given to host communities had been abused over the years adding that the intervention of the state government was paramount.
The minister said that state governments would be included in the affirmation of genuine land owners with regards to issuance of consent to miners as required by the law.
He said:“We are a mineral rich country we are not mineral producing country, what we are doing in our road is to take few of the mineral so that we can say we have advantages.
“We believe that we can achieve full import substitution in some of these minerals; we have achieved that in lime stone.
“We can also do that in bitumen because Nigeria is the third largest reserve of bitumen in the world after Canada and Venezuela, yet 80 per cent of bitumen used in the country is imported.
“The same thing goes with coal, if we know that coal is another source of power if we say that power is an existential need in our country and coal is an easier way of producing power and we know that we have clean coal”.
He said that his ministry was partnering with the Ministry Of Power to ensure that at least generation of 30 per cent of energy through coal where there is deposit.
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