The Federal Ministry of Solid Minerals Development announced that it has constituted a committee, to formulate a road map that will identify the goals, gaps, actions and timelines imperative for the development of Nigeria’s mining sector.
The committee appointed by the Honourable Minister of Solid Minerals Development, Dr. Kayode Fayemi, CON consists of a 17 member panel, and includes, Lagos Court of Arbitration Board member ─Mrs May Agbamuche-Mbu, an accomplished solicitor with extensive experience in Corporate and International Business Law, Arbitration and Alternative Dispute Resolution (ADR) and Mining.
Mrs Agbamuche-Mbu was appointed director of the Lagos Court of Arbitration in 2015, bringing on board the best of intellectual rigor and brilliance, as well as an unswerving commitment to the advancement of ADR in Nigeria and Africa at large.
Mrs Agbamuche-Mbu is also the Editor of Thisday Lawyer and is the author of several articles on Nigeria’s mining sector development namely, The case for Solid Minerals Development; Mining for economic growth; The Mining Iadaba Conference, amongst others.
Under this new assignment, Mrs Agbamuche-Mbu, and other members of the Solid Minerals Sector Roadmap Development Committee are expected to deliver on a broad mandate that includes: identifying hindrances to the development of Nigeria’s mineral resources and the pathways to overcome such barriers; priority activities and a time frame for all activities; to create models and scenarios for the successful implementation and monitoring of the activities; and to develop a consensus strategy for buy-in by all stakeholders in the industry. The committee has been charged to submit its report and the draft Roadmap to the Ministry in four weeks.
The inauguration of the committee took place yesterday in Abuja and was presided over by the Honourable Minister of Solid Minerals Development, Dr. Kayode Fayemi, CON. In a recent statement by the Minister; he encouraged states to capitalize on their mineral resources by either setting up their own investment corporations or by entering into partnership with the private sector, notwithstanding the federal government’s exclusive right to mine minerals. He however, advised states to go about such exploitation in a legal manner that would not interfere with prior allocations given to other stakeholders.
Familiar with national public service, Mrs Agbamuche-Mbu has already served on the Presidential Project Assessment Committee, 2010/2011 set up by the President of the Federal Republic of Nigeria to assess and make recommendations on all ongoing Federal Government projects. One of the committee’s notable successes was the provision of accurate status reports on all government projects across the nation that helped to secure the government’s attention on completion and effective utilisation of its resources.
It is estimated that Nigeria has over 44 different types of minerals in more than 500 locations. Affirming that the mining industry has the potential to broaden the revenue base for government, contribute to the GDP, and provide jobs and link growth to other sectors.
We are confident that the Solid Minerals Sector Roadmap Development Committee will realise its mandate and provide strategic direction, necessary to support a robust and diversified solid minerals sector set for economic growth.