{"id":205599,"date":"2022-07-24T08:35:28","date_gmt":"2022-07-24T07:35:28","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=205599"},"modified":"2022-07-24T08:35:28","modified_gmt":"2022-07-24T07:35:28","slug":"lcci-asks-fg-to-reconsider-ban-on-mining-activities","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/24\/lcci-asks-fg-to-reconsider-ban-on-mining-activities\/","title":{"rendered":"LCCI asks FG to reconsider ban on mining activities"},"content":{"rendered":"<p>The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to reconsider its decision to ban mining activities and commercial motorcycles in the country.<\/p>\n<p>Recall that the federal government had stated that it was considering\u00a0a nationwide ban on commercial motorcycles, popularly known as okada, as well as mining activities in a bid to stem the rising insecurity across the country.<\/p>\n<p>In a statement on Saturday, Chinyere Almona, director-general, LCCI, called for a reconsideration of the plan to avoid the consequences of undermining the business environment.<\/p>\n<p>Almona said it was unacceptable to conclude that the mining ecosystem was a sponsor of banditry and terrorism, adding that investors are at the risk of losing their investments.<\/p>\n<p>\u201cWhilst it can be understood that criminals use motorcycles as means of mobility and escape from the security agencies, it is unacceptable to label the entire Nigerian mining ecosystem as sponsors of banditry and <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/11\/kuje-attack-falana-asks-fg-to-prosecute-indicted-sponsors-of-terrorism\/\">terrorism<\/a>,\u201d the statement reads.<\/p>\n<p>\u201dThis looks like an attempt to blame all legitimate mining operators for the activities of bandits and terrorists operating in Nigeria.<\/p>\n<p>\u201cThe Nigerian mining industry employs several thousands in the formal and informal economy of Nigeria. Specifically, the artisanal and small-scale mining eco-system accounts for at least 90 percent of the activities in the mining sector; from granite quarrying, and limestone mining, to base metals mining, limestone mining for cement production, sand mining, non-metallic industrial inputs for the paint and pharmaceutical industry, to mining of precious metals like gold; as well as gemstones <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/21\/updated-fg-considers-mining-suspension-ban-on-motorcycles\/\">mining.<\/a><\/p>\n<p>\u201cThis announcement has further validated to foreign and local investors that it is unsafe for them to invest in Nigeria\u2019s mining sector. Furthermore, the existing local investors who have secured loans to finance their mining projects across Nigeria are at the risk of losing their investments for several years.<\/p>\n<p>\u201cThe proposal has further damaged the diversification plans of the federal government to pursue a non-oil exports-based economy.\u00a0 According to the CBN economic reports between 2015 to 2020; the total value of solid minerals exports within that period was $1.75 billion.<\/p>\n<p>\u201cDuly licensed mining companies should be clearly differentiated and distanced from the activities of bandits and terrorists whom the National Security Council have based their proposal upon. We need to enforce all the necessary laws and policies to guarantee the security of local and foreign investments in the solid minerals sector as well as ensure that investors get the best returns on their investments.\u201d<\/p>\n<p>LCCI\u00a0further urged the government to employ measures such as licensing and information technology to address the issues.<\/p>\n<p>\u201cGovernment should empower the solid minerals and mining sector through the deployment of Geographic Information System (GIS), automation of application and processing of mining licenses, leases and permits all through a one-stop-shop platform. The Integrated Automation and Interactive Solid Minerals Portal (IAISMP) should truly be a go-to portal for real-time information on the sector,\u201d it added<\/p>\n<p>\u201cWe should also finalize the plan to build a national electronic geo-data archiving management system to be called the Nigerian Geo-Data Center at the Nigerian Geological Survey Agency (NGSA). All of these would make it easy to access information on mining by investors across the globe.<\/p>\n<p>\u201cWe cannot afford to jeopardize the fortunes of mining in Nigeria with a blanket ban on mining activities when we should be able to isolate illegal miners and demobilize criminals from mining sites. We urge the government to reconsider ways to demobilize criminal activities from mining sites and create a safe environment where mining can thrive.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to reconsider its decision to ban mining activities and commercial motorcycles in the country. Recall that the federal government had stated that it was considering\u00a0a nationwide ban on commercial motorcycles, popularly known as okada, as well as mining activities in a [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":205602,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[754,371,26905,16431,1952],"class_list":["post-205599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-banditry","tag-fg","tag-lcci","tag-mining","tag-terrorism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LCCI asks FG to reconsider ban on mining 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