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Solid Minerals: Senate To Probe Revenue Shortfall, Review BPE Privatisation

This followed a motion moved by Senator Osita Ngwu from Enugu West.


File photo of the 10th Senate

 

The Senate on Thursday resolved to investigate the immediate and remote causes of the dwindling revenue derivable from solid minerals development in the country.

It also sought to ascertain the extent and impact of illegal mining activities and the extent of the complicity of both local and expatriate industry players and also resolved to review all the Bureau of Public Enterprises (BPE) privatization or commercialisation programmes of all mining and mineral resources-related programmes from 1999 to date.

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This followed a motion moved by Senator Osita Ngwu from Enugu West.

By the same token, the upper chamber urged all relevant security agencies to boost monitoring to forestall further illegal exploitation of the nation’s solid minerals.

It has mandated its committee on solid minerals development to report back its investigation within three weeks.