• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Stakeholders Demand 10% For Mining Host Communities

by James Kwen
1 year ago
in Business
Mining
Share on WhatsAppShare on FacebookShare on XTelegram

Stakeholders are demanding a 10% benefit or more for host communities where the mining activities take place to ensure they derive the economic benefits for solid minerals extraction in their environment.

Advertisement

The stakeholders also proposed a 10 years renewable mining lease instead of the 25 years as captured in section 66 of the Solid Minerals Mining Act 2007.

They stated these at the public hearing on repeal and enactment of a bill titled “Nigeria Mineral Development Company Limited (Establishment) bill 2023 and Minerals and Mining” organised by the House of Representatives Committee on Solid Minerals.

They equally raised concerns over the enormous powers given to the minister by the proposed legislation and called for its unbundling with inclusion of other ministries relevant to the subject including environment.

In a submission, Tobias Lengs of RENEVLYN Development Initiative decried the health hazard, the environmental degradation and the negligence of the miners that pose a danger to host communities.

RELATED

Business Summit Partners UWEAL To Empower African Entrepreneurs

Business Summit Partners UWEAL To Empower African Entrepreneurs

14 hours ago
New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

18 hours ago

“We suggest an upward review of the extraction net value revenue that goes to the Community Development Association.  10 per cent is suggested and this should be reviewed periodically.

“The duration of a Mining Lease is 25 years and shall be renewable every twenty-four years as captured in section 66 of the Solid Minerals Act. The 25 years mining lease arrangement is too long and leaves room for operators to get away with impunity at huge cost to the nation. A 10-year mining lease is proposed instead to compel operators to be more responsive and accountable for their actions.”

He further suggested that the Community Development Agreement should be flexible to allow the host communities to determine exactly what they want to use the funds for without tying it to particularise line items.

 

On his part, Lumun Amanda Feese who represented Nigerian Economic Summit Group (NESG) said despite the enactment of modern legislation for the mining industry not much has been achieved economically.

 

“The mining sector’s impact on the economy remains suboptimal, hovering below one per cent of GDP by 2015. In 2016, the government approved an industry roadmap aimed to enhance the sector’s role as an economic driver, targeting a three per cent GDP contribution by 2025.

 

“To The NESG would like to commend the House Committee for initiating these bills to address the staggering decline of the mining

 

sector. While both bills are noteworthy, the NESG emphasises an urgent need for the federal government to instil the highest standard of good governance in the mining industry.

 

“This call is similar to the government’s successful approach in the oil and gas sector demonstrated through the Petroleum Industry Act (PIA) of 2021 to implement the Nigerian oil and gas policy, which was approved in 2007. The PIA overhauled the institutional, legal, and regulatory framework for the oil and gas industry, establishing two regulatory agencies and fully commercialising the Nigerian National,” Feese said.

 

Speaking earlier, the chairman of the committee, Hon. Jonathan Gaza (SDP, Nasarawa) noted that the proposed legislation is necessary to transform the mining sector.

 

“We actually need a heavy role in the mining sector. We need a vehicle where the government can be a player in the mining sector. A situation where five per cent of whatever is extracted will be given to host communities and if this is achieved Nigeria will experience astronomical growth.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Equities Market Snaps Winning Streak, Loses N24bn

Next Post

NLPC PFA’s Assets Under Management Now N470bn

James Kwen

James Kwen

You May Like

Business Summit Partners UWEAL To Empower African Entrepreneurs
Business

Business Summit Partners UWEAL To Empower African Entrepreneurs

2025/08/02
New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations
Business

New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

2025/08/02
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote
Business

Dangote Refinery Appoints David Bird As CEO

2025/08/02
Nestlé Equips Over 3.7m Children In 2023
Business

Nestle Nigeria Deepens Grassroots Impact With Women Empowerment Initiative

2025/08/02
Wema Bank Rewards 131 Customers With N11m In ‘5 For 5’ Promo Monthly Draw
Business

Wema Bank Grows Profit by 231% in H1 2025

2025/08/02
United Capital Appoints Uche Ike As New Chairman
Business

United Capital Appoints Uche Ike As New Chairman

2025/08/02
Leadership Conference advertisement

LATEST

Edo LG Polls: I’m Aspiring To Advance Good Governance In Ovia South-West — Omoruyi

LASU Suspends Exam, Academic Activities

ADC Condemns Shutdown Of Radio Station In Niger

Abure-led Labour Party Faults INEC Over Party’s Omission In By-election

Gov Sani Distributes 400 Trucks Of Fertilizer To 100,000 Kaduna Farmers

Police Clash With Community Over Land Dispute In Abuja

Zulum Allays Borno Residents’ Fears Over Alau Dam

Police Summon Sowore For Alleged Forgery, Inciting Disturbance

Tinubu Celebrates Ex-VP Sambo At 71

NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.