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    MarketForces Africa » MarketForces News » FG Opposes Proposed Nigeria Mines Ranger Service

    FG Opposes Proposed Nigeria Mines Ranger Service

    Julius AlagbeBy Julius AlagbeNovember 7, 2024 News No Comments2 Mins Read
    FG Opposes Proposed Nigeria Mines Ranger Service
    Dele Alake, Minister of Solid Minerals
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    FG Opposes Proposed Nigeria Mines Ranger Service

    The Federal Government has rejected the establishment of the Nigeria Mines Ranger Service (NMRS) to combat illegal mining and artisanal mining.

    The Ministries of Solid Minerals Development, Justice, and Interior, as well as the Nigeria Security and Civil Defense Corps (NSCDC) and the Nigeria Immigration Service (NIS), argue that the proposed service duplicates the NSCDC’s mandate.

    Attorney-General Lateef Fagbemi and Minister of Solid Minerals Dele Alake, at a public hearing on Thursday in Abuja, expressed concerns, suggesting instead strengthening the existing Special Mines Surveillance Task Force (SMSTF).

    Fagbemi was represented by Director Legal in the ministry, Dr Patrick Eoyan. They also suggested incorporating technology, like drones, for enhanced surveillance.

    The Bill sponsored by Sen. Ogoshi Onawo (PDP-Nasarawa), aimed to provide specialised security for mining operations and enforce regulations.

    Senate President Godswill Akpabio emphasised the need for laws promoting security, productivity, and unity. Akpabio was represented by Sen. Diket Plang (APC-Plateau).

    He urged the lawmakers to try to rejig laws in such a way to improve the progress, productivity and unity of the nation in terms of security and welfare of citizens.

    The senate president said that, “let the process of exploiting and extracting mineral resources not be detrimental to lives.

    “It should be productive to the economy. It should also improve the standard of living of Nigerians. #FG Opposes Proposed Nigeria Mines Ranger Service#

    NDIC Reassures Nigerians on Bank Stability

    Dele Alake Mining
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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