The United Nations Development Programme (UNDP) has advised the Ministry of Mines and Steel Development to ensure that its current road map would not encounter challenges that faced previous road maps.
The UNDP gave the advice in its “Nigeria Gap Analysis Report on Extractive Industries’’ just released in Abuja.
The report observed that the current road map was not the first document produced by the ministry and advised that the sector leadership should ensure that the document would not face the same challenges like the previous road maps.
The UNDP said the current road map was aimed at correcting and finding solutions to the nation’s mineral management, adding that it should be put to use to meet its target.
“The mining road map is a commendable guide that has the potential to turn the fortunes of the solid minerals’ sector, but if only it is appropriately funded,” it said.
According to the report, the overall solid mineral management regime is sound, but inadequate.
“Its soundness lies in the extent to which the law obliges the state to set up and fund a solid minerals development fund for the development of the sector.”
The UNDP report said that Nigeria had suffered what could be described as “a governance perception crises on implementation of established laws and regulations”.
It said that Nigeria ranked poorly on numbers of governance measures and this already positioned the country unfavourably in the eyes of the global community.
It said that in spite the country’s solid minerals laws’ soundness, it had continued to be undermined by lacking of funding or poorly funded mandate and poor implementation of the law.
According to the report, attracting foreign big players is a noble cause which will increase the pace of development of Nigeria’s solid minerals sector in the next five to seven years to the extent to which it reviews Artisanal and Small-scale Mining (ASM) law.
It advised government to make ASM more friendly and less resources draining as well as develop a strategy to develop the ASM sector in general and the sector in particular.