The Federal Government says it is poised to recover “several trillions of naira” unpaid royalties/ taxes from licensed miners.
The government also vowed to block all areas through which it loses revenue in the mining sector.
The measures to actualise these include the engagement of consultants and collaboration with the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).
Solid Minerals Development Minister Dele Alake made this known when RMAFC Chairman Mohammed Bello visited his office in Abuja.
Alake added in a statement yesterday by his Special Assistant media to the Minister, Segun Tomori, that the government would “sanitise the mining environment and automate the whole gamut of the revenue collection processes.”
The statement partly reads: “The Federal Government, through the Ministry of Solid Minerals Development and the Revenue Mobilisation Allocation and Fiscal Commission ( RMAFC), have resolved to strengthen collaboration to block revenue leakages in the mining sector.
“Dr. Alake revealed that the Federal Government has put in place measures like engaging consultants to block leakages and recover funds owed by licensed operators, which he put at several trillions of naira.
“From our efforts, so far, we have discovered to our chagrin that we are owed trillions of naira in unpaid royalties and taxes by legalised operators. “We are committed to recovering these funds and are also in the process of engaging internationally certified auditors to look at the system and automate the whole gamut of the revenue collection processes.
“Alake restated the resolve of the government to sanitise the mining environment, ensure it contributes substantially to the nation’s revenue, and ultimately make the sector rival oil in contribution to Nigeria’s GDP(Gross Domestic Product).
“We are ready to collaborate with you, states, and host communities to maximise the potential of the mining sector for the benefit of all Nigerians. “Our focus is to ensure that the industry translates to greater good for the greatest number of our people. “
“The minister commended efforts of the commission to boost revenue accruing to government coffers through mining operations.
“The RMAFC chairman in his remarks, stated that the commission’s visit is hinged on ways to provide support for the efforts of the minister to transform the mining sector and also extract commitment that the commission will get his cooperation to carry out its statutory monitoring activities.
“The commission was instrumental to getting the 10 percent monthly payment from the Natural Resources Development Fund to the Solid Minerals Development Fund (SMDF), and we know we can do much more together under your guidance and leadership to sanitise the sector, plug all loopholes and ensure the mining industry becomes a big chunk of our nation’s Gross Domestic Product (GDP).
“In his submission, the commission’s chairman of the solid minerals committee and commissioner representing Zamfara state, Abubakar Sadiq, lauded the minister for his reforms and leadership that has given visibility to the mining sector, stressing the need for improved collaboration with the RMAFC to address the shortfall in revenue remittance by mining operators.
“Our evaluation of mining operations across the country has shown a shortfall in revenue to the government. There is a monitoring gap. The government and RMAFC should strengthen collaboration to seal this gap and plug leakages in the system. “
“We are also making a case for proper supervision and documentation of minerals exported through our borders whilst also urging that the environmental impact of mining operations should be looked into and minimised.”
