The Minister of Solid Minerals Development, Dele Alake, has announced plans by the Federal Government to establish a new pre-shipment inspection agency for the solid minerals sector as part of ongoing efforts to plug leakages and boost revenue generation.
Alake disclosed this at a pre-event press briefing ahead of the 10th edition of the Nigeria Mining Week, scheduled to be held from October 13 to 15, 2025, in Abuja, where he explained that the new framework forms part of a broader regulatory and policy initiative aimed at blocking financial leakages and ensuring accountability within the sector.
“As part of the regulatory framework and policy initiatives designed to plug loopholes and leakages in the system, because there are leakages everywhere, not just in solid minerals, we are taking decisive steps to plug them,” Alake said.
According to the minister, the move aligns with President Bola Tinubu’s economic reform agenda to enhance non-oil revenue, strengthen fiscal discipline, and reposition the mining industry as a major contributor to the country’s GDP.
Alake explained that plugging leakages remains one of the most effective short-term measures to increase government revenue without necessarily introducing new taxes.
