President Bola Tinubu has approved a new compliance regime aimed at addressing unlicensed, unregulated, and underreported mining activities across the country.
The framework, proposed by the Minister of Solid Minerals Development, Mr. Dele Alake, aligns with international best practices in the mining sector.
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Dubbed the U3 Mining Initiative, the policy is designed to strengthen regulatory enforcement, enhance data collection, and boost revenue generation from mining activities.
