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From Magnus Eze, Abuja
Stakeholders in the mining sector have called for a private-sector driven single export policy in Nigeria.
They recommended that modalities should be put in place at every exit point and port in the country for quantity and quality analysis, to monitor and record all mineral exports and ascertain appropriate royalties and certifications.
A communiqué from the just-concluded maiden National Council on Mining and Mineral Resources Development in Abuja also called for the installation of weighbridges and establishment of credible international inspection outfits among others.
This, the communiqué said, would also promptly address the mineral revenue leakage that occurs through exit ports. Stakeholders further suggested that the focus of the Federal Government should also be on revenue collection and plugging loopholes for data and revenue leakages.
In view of the critical roles of the Central Bank of Nigeria, Customs and Immigration in mineral exports, as well as other key linkage ministries and agencies, it was also resolved that they should be included in all policies and strategies towards attaining seamless processing of mineral exports.
So far, the Revenue and Reporting Compliance Agreement between the Ministry of Mines and Steel Development and the Nigeria Customs Service has improved the policing of mining exports.
