• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy

FEC approves N2.5 Billion to procure satellite gadget to combat illegal mining

Oluwatobi Odeyinka by Oluwatobi Odeyinka
March 3, 2025
in Economy
FEC approves new connectivity and AI initiatives to drive digital transformation in Nigeria 
Share on FacebookShare on TwitterShare on Linkedin

The Federal Executive Council (FEC) has approved the procurement of a N2.5 billion satellite surveillance gadget to monitor and combat illegal mining activities across the country.

This was disclosed by the Minister of Solid Minerals Development, Dele Alake, while addressing State House correspondents after the FEC meeting on Monday.

According to him, the technology will serve as an integrated framework to regulate mining activities, curb revenue leakages, and track unauthorized mineral extraction.

RelatedStories

Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank

FG to revoke additional 1,000 dormant mining licences 

August 14, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FEC approves seven-year ban on establishment of new federal tertiary institutions in Nigeria 

August 13, 2025

“We are procuring satellite equipment, satellite gadgets that will be installed in strategic places all over the country that would enable us to have visual effect, real time of the operations that are ongoing in sites all over the country,” he said

He disclosed that the satellite gadget will provide instant access to mining operations, allowing authorities to assess the volume of minerals extracted, track the number of trucks transporting resources, and monitor security conditions at mining sites.

“There will be a centre like a screen in the operation centre, the mines martial centre, and in my office as well. 

“At a glance, at the click of a button, you can surf any mine site and see the operations there; the volume of the mineral extracted, the number of trucks going out, and, of course, the security situation in the environment,” the Minister explained.

Two-pronged approach to ending illegal mining 

Alake stated that the government is employing both persuasive and coercive strategies to address illegal mining.

He said under the persuasive approach, the government has encouraged artisanal miners to form cooperative societies, allowing them to operate legally, access financial institutions, and contribute to national revenue.

“When they form cooperatives, they become structured, formalised and legalised, and their operation can now add some value to the nation. 

“When they form cooperatives they become bankable. They can even have access to financial institutions to procure loans to expand their businesses. And of course, it means they have to pay their obligations to the Nigerian state,” he said.

He said over 300 mining cooperatives have been established so far.

For illegal miners who refuse to comply, the government has deployed a coercive strategy, including the establishment of Mining Marshalls to enforce regulations.

Alake noted that several illegal miners, including foreigners, have been arrested, prosecuted, and convicted.

What you should know 

The former Governor of Edo State and Chairman of the Senate Committee on Interior, Adams Oshiomole recently alleged that retired military Generals and other influential Nigerians are involved in illegal mining.

He urged the executive to give the same treatment it gives oil bunkers to illegal miners of solid minerals.

Meanwhile, no probe has been opened since the senator made the allegation.


Follow us for Breaking News and Market Intelligence.
Tags: Dele AlakeFECIllegal Mining
Oluwatobi Odeyinka

Oluwatobi Odeyinka

Oluwatobi Odeyinka is an Editorial Analyst covering energy, manufacturing and agriculture. He has years of experience as a freelance Journalist telling stories around public accountability, social justice and development.

Related Posts

Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank
Manufacturing

FG to revoke additional 1,000 dormant mining licences 

August 14, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Education

FEC approves seven-year ban on establishment of new federal tertiary institutions in Nigeria 

August 13, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Business News

EFCC arrests seven Chinese, four Nigerians in Akwa Ibom over illegal mining 

July 28, 2025
President Tinubu appoints 6 Chief Medical Directors for federal hospitals on 4-year terms 
Business News

President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 

July 13, 2025
Hasetins to establish $400 million Rare Earth Plant in Nasarawa, targets 10,000 new jobs 
Deal Signals

Hasetins to establish $400 million Rare Earth Plant in Nasarawa, targets 10,000 new jobs 

June 23, 2025
Mining Cadastre Office generates N10.9 billion in four months – DG 
Manufacturing

Mining Cadastre Office generates N10.9 billion in four months – DG 

May 12, 2025
Next Post
FG, States and LGAs share N1.35 trillion as FAAC allocation in June

President Tinubu approves establishment of 11 private universities across Nigeria 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
access bank
nairametrics
Emple
Palmpay
first bank








DUNS

Recent News

  • SEC Nigeria launches new website to boost transparency and investor safety 
  • Payment App, Vban launches to help Africa’s global workforce get paid easier, faster, and without borders
  • Titan Trust Bank ceases operations in Nigeria as Union Bank finalizes takeover 

Follow us on social media:

Recent News

SEC warns Nigerians against investing in Risevest and Stecs  

SEC Nigeria launches new website to boost transparency and investor safety 

September 1, 2025
Payment App, Vban launches to help Africa’s global workforce get paid easier, faster, and without borders

Payment App, Vban launches to help Africa’s global workforce get paid easier, faster, and without borders

September 1, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics