Reps propose 5% mining revenue for host communities

The House of Representatives Committee on Solid Minerals has said it is proposing five per cent of revenues on solid minerals to host communities.
The chairman of the committee, Jonathan Gaza, disclosed this on Monday at a public policy dialogue on Nigeria’s minerals and mining legislation in Abuja.
Gaza said the Nigerian Minerals and Mining Act (Amendment) Bill being considered would give five per cent of the total revenue of all minerals mined to the host communities.
He added that the bill when passed, would allow for the establishment of a Mines Inspection and Environmental Agency to provide improved and deeper oversight of mining activities and bridge the gap between the Federal and State Governments to empower the Mineral Resources and Environmental Management Committee for effective and joint oversight.