This inaugural edition of RemTracker discusses a mining reform bill and proposal for a dedicated university on the extractive resource
Amendment of the Nigerian Minerals and Mining Act
The Nigerian Minerals and Mining Act of 2007 has served as the legal framework for the exploration and exploitation of mineral resources in Nigeria for over a decade. However, the evolving dynamics of the global mining industry and Nigeria’s quest for sustainable development have revealed significant gaps in the legislation.
These include outdated provisions that fail to address modern environmental, social, and governance standards, as well as inefficiencies in promoting local content and value addition. Additionally, the current law does not adequately account for technological advancements. Amending the Act is therefore critical to align Nigeria’s mining sector with global best practices, foster environmental sustainability, and ensure the equitable distribution of benefits to local communities.
In a timely move, Rep. Olusoji Abidemi Adetunji (PDP, Osun) has introduced a bill titled, ‘Nigerian Minerals and Mining Act (Amendment) Bill, 2024.’ The bill has scaled the first reading and if successful, this amendment will align Nigeria’s mining sector with contemporary economic and environmental standards, promoting sustainable practices and fostering local development.
New Institution Alert
On November 21, Senator Aliyu Wadada Ahmed (SDP, Nasarawa West) proposed a bill to establish the Federal University of Mining Engineering and Technology in Nasarawa State. This bill has passed first reading, raising hopes for its adoption.
Interestingly, this institution will be the first in Nigeria dedicated primarily to mining education, addressing a significant gap since mining engineering is currently offered only as part of broader degree programs. The establishment of this university further represents a crucial step toward enhancing mining education and training in the country, ultimately contributing to more effective and sustainable practices within the sector.
Stay tuned for the next episode of RemTracker as we continue to uncover important developments in Nigeria’s extractive industry!
EDITOR’S NOTE: RemTracker is your go-to weekly update on Nigeria’s extractive, climate change and energy transition sectors from the legislative perspective.
