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Adegbite Calls for More Funding Of Mining Sector

…Thanks President Buhari For Support Thus Far

…Promises to Render Returns to FG

… Lauds MCO

The Minister of Mines and Steel Development, Arch. Olamilekan Adegbite has called on the federal government to invest  more in the mining sector inorder to diversify the country’s economy from oil and gas.

He, however, thanked president Muhammadu Buhari for making it possible for the ministry to get two grants that has helped in transforming the sector like never before.

Adegbite make this call at the presentation of the digital innovation in federal government category for the year Awards won by the Nigerian Mining Cadastra office (MCO) to him in his office on Monday in Abuja.

He promised to create a dedicated account to render returns to the Federal Government.

According to him:” This is the first time our ministry is enjoying some funding that we never had. The has extra budgetary value which was given to us out of the natural resources of 30 Billion was granted in 2017.

” We also have the World Bank facilitated projects loan. With the combination of the two funding helped us to where we are today.

” The Nigeria Mining Cadastre (MCO) has gone through a lot, if you look at the evolution of MCO from where they using using poligonal geometry for designating areas of mining to what they now use globally the block cadestre. It’s easier and simplier. They have come from analog to digital way of keeping records and doing business.

” MCO is the ministry revenue generation agency, we have quantum led from revenue generated by MCO year in year out since the current director general assumed office. At times it doubles that of the previous years”, he added.

Earlier, the Permanent Secretary, Mines and Steel Development, Dr. Oluwatoyin Akinlade said it is gratifying that MCO is rated the best in digital innovation among the Federal establishment of Nigeria for the year 2022 by the Nigeria Internet Registration Association (NIRA).

She congratulated the Director General and the staff for attaining this feat. This accomplishment did not come without challenges but challenges must not deter us, instead, should spur us to develop innovative ideas for achieving our targets.

She, however,urged Directors, Head of Departments and Agencies to key into the service improvement agenda of the Head of Service of the federation particularly in the area of digitalization and innovation by developing new ideas that can be usher in addressing emerging challenges.

Meanwhile, Director General of the Nigeria Mining Cadastre, Engr. Obadiah Simon Nkom said the Nigeria Mining Cadastre Office was nominated under the category of “Digital Innovation in Federal Government”.

According to him:”Following the initial screening, the category was pruned down to six (6) finalists listed below: Federal Inland Revenue Service; Corporate Affairs Commission ; Federal Road Safety Commission ; Nigeria Mining Cadastre Office; National Pension Commission ; and Nigeria Communications Commission.

“The next and final stage involved a complex process which included public votes and a Jury decision.
The Nigeria Mining Cadastre Office emerged winner in this category, indicating that NiRA Awards considered MCO to be the most innovative organization in Federal Government, using Internet Technology.

“This Award winning is indicative of the contributions of MCO so far towards repositioning the mining sector as well as grounds already covered which includes the followings: The MCO has witnessed tremendous legal, institutional and technological developments since its inception which can be summarized thus:
Pre-Cadastre: Inventory of extinct Mineral Titles, migration from polygonal geometry to cadastral block system, implementation of a functional manual cadastre – 2006 to 2007.
Development of a legal framework (creation of the Nigerian Minerals and Mining Act) – 2007″, he said.

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