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MINING: FG To Establish Commission To Regulate Sector

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The Federal Government says it has concluded arrangements to establish the Nigerian Mining Commission, to take charge of the regulatory role of the Ministry of Mines and Steel Development.

The Minister, Kayode Fayemi, announced this in a statement by his Special Adviser on Media, Yinka Oyebode at the ongoing Nigeria Day event African Mining in Cape Town, South Africa.

According to him, the law setting up the commission is already with the National Assembly.

He said the commission, which would be known as the Nigerian Mining Commission, would not only be the final authority on regulatory matters, it would also take charge of mining leases.

He further said that the ministry would undertake more extensive electromagnetic Airborne Geological Survey of some promising parts of the country this year and the completion of the National Mineral Database.

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