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FG to digitise mining sector, track operators

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The Federal Government seeks to deploy Nigeria’s digital identity infrastructure to track mining operators, strengthen regulation, and curb illegal mining nationwide.

The Minister of Solid Minerals Development, Dele Alake, disclosed that when he received the Director-General of the National Identity Management Commission (NIMC), Abisoye Coker-Odusote, and her management team during a courtesy visit to the ministry in Abuja.

The meeting explored areas for collaboration between the ministry and NIMC to integrate digital identity into the solid minerals sector, improving governance, regulatory compliance, and monitoring of mining operations.

A statement issued on Sunday by the minister’s Special Assistant on Media, Lara Owoeye-Wise, said that both institutions are working to leverage technology and credible identity systems to support ongoing reforms in the sector.

Mr Alake described NIMC as a critical institution in Nigeria’s governance architecture, noting that effective regulation and national planning increasingly depend on reliable identity management and accurate data.

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“NIMC occupies a critical position in translating policy into reality. It is pivotal to the development of any nation because governance today is driven by data, technology, and credible identity systems,” the minister said.

Tracking mining operators

Mr Alake said integrating digital identity into the mining sector would enable government agencies to properly identify operators, monitor mining activities, and distinguish legitimate licence holders from illegal miners.

According to him, effective identity management is essential to strengthening enforcement and tackling insecurity associated with illegal mining.

“Without identification, we cannot trace; we cannot track, and insecurity will flourish. In the solid minerals sector, we need effective tracking of both legal and illegal operations,” he said.

He added, “A credible identity ecosystem will strengthen regulation, improve enforcement, and support our efforts to sanitise the sector.”

He said technology, digital identity, data gathering, and statistics have become indispensable tools for evidence-based policymaking, efficient licensing, investment promotion, and improved oversight of mining operations.

The minister also noted that access to credible and verifiable data would enable government institutions to understand activities across the mining value chain better and formulate policies that support the sector’s sustainable development.

NIMC proposes deeper collaboration

Speaking during the meeting, Ms Coker-Odusote said the recently enacted NIMC Act 2026 has strengthened the legal framework for Nigeria’s digital identity ecosystem and created new opportunities for collaboration with government institutions.

She said integrating NIMC’s digital identity infrastructure into the mining sector would improve interagency data integration, strengthen regulatory compliance, and enhance security.

According to her, the collaboration would also improve monitoring of mining operators, support law enforcement, and facilitate the implementation of Community Development Agreements between mining companies and host communities.

She added that a robust digital identity system would improve transparency, strengthen service delivery, and enable more efficient data sharing across government agencies.

“The commission’s infrastructure can support the creation of a more reliable identity ecosystem for the mining sector, helping regulators verify operators and improve monitoring across the country,” she said.

Reforms target illegal mining

The initiative forms part of the Federal Government’s broader reforms aimed at sanitising Nigeria’s solid minerals sector, which continues to face challenges, including illegal mining, insecurity, environmental degradation, and weak regulatory oversight.

READ ALSO: Nigeria will be big player in global supply of critical minerals – Dele Alake

Authorities have repeatedly identified illegal mining as one of the biggest obstacles to unlocking the sector’s economic potential, with criminal networks and unlicensed operators exploiting mineral resources while depriving the government of revenue.

PREMIUM TIMES recently reported that the Federal Government arrested two suspected illegal miners and shut down an illegal site in Osun State as part of an intensified nationwide enforcement campaign. During the operation, Mining Marshals confiscated equipment and sealed the site, while the suspects assisted investigators in identifying financiers of the illegal activities.

The minister had said that the Mining Marshals arrested more than 300 suspected illegal miners nationwide, with over 150 suspects, including foreign nationals, currently facing prosecution. Several illegal mining sites have also been closed as part of efforts to restore order to the sector.

The Tinubu administration has also introduced reforms to attract responsible investment into mining, improve transparency, strengthen licensing procedures, and ensure Nigeria derives greater economic benefits from its vast mineral resources.


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Tax Ombud braces for digital asset tax disputes, seeks greater public awareness

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The Office of the Tax Ombud said it is strengthening its capacity to handle disputes arising from digital asset taxation as part of efforts to improve fairness and transparency in Nigeria’s tax system.

The Tax Ombud and Chief Executive of the Office of the Tax Ombud, John Nwabueze, disclosed this on Thursday at a media parley in Lagos, where he outlined the office’s achievements and future priorities.

According to him, the office has expanded the capacity of its accountants and legal experts to handle complex tax matters, including disputes involving digital assets, should such cases arise.

He also said the office plans to establish offices in all six geopolitical zones to improve taxpayers’ access to its services.

Mr Nwabueze said the Office of the Tax Ombud has enhanced access to its services through a digital complaints portal, a case management system, a toll-free call centre and SMS callback services, making it easier for individuals and businesses to lodge complaints and obtain timely resolutions.

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According to him, the office received more than 20 ‘genuine’ complaints within its first three months of operation, most of them involving state revenue services.

“Within three months, the Office received over 20 genuine complaints, most of them involving state revenue services.

“Of these, eight have been successfully resolved, all within the statutory 14-day resolution period, with provision for an additional seven days where necessary,” Mr Nwabueze said.

The Tax Ombud said the office is also expanding engagement with professional bodies, the media, revenue authorities and other stakeholders, while preparing a nationwide public awareness campaign to address issues such as multiple taxation.

“The Office has expanded the capacity of its skilled accountants and legal experts to handle complex tax matters, including disputes relating to digital asset taxation, should such cases arise.

“We are also enhancing accessibility at the grassroots through plans to establish offices across all six geopolitical zones,” the tax ombud CEO said.

He further noted that multiple taxation, particularly at the state and local government levels, remains a major concern, adding that the federal government is working with relevant stakeholders, including the Joint Revenue Board, state governments and local government authorities, to develop lasting solutions.

ALSO READ: Oyedele unveils Tax Ombud website, digital portal to strengthen taxpayer protection

Mr Nwabueze said the Office of the Tax Ombud was established to provide impartial mediation between taxpayers and revenue authorities, promote voluntary tax compliance and strengthen public confidence in Nigeria’s tax administration.

“Multiple taxation is an endemic issue that we are determined to address by engaging all relevant stakeholders, including the Joint Revenue Board, state governments, and local government authorities.

“Through collaboration and policy engagement, we are working towards sustainable solutions,” the Tax Ombud stated.

He called for support in terms of public awareness of its services, noting that many taxpayers are still unaware of their rights and the avenues available for resolving tax disputes.


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Recapitalisation: NAICOM Revokes Royal Exchange Prudential Life Insurance License

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BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), has revoked the certificate of registration for Royal Exchange Prudential Life Insurance PLC  over its failure to meet the statutory minimum capital requirement under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

The cancellation, which took effect on Plc August 3, 2026, The regulator also ordered the immediate winding up of the firm’s operations.

The action was executed under the legal powers granted to the regulatory authority by the Nigerian Insurance Industry Reform Act (NIRA) 2025.

According to a notice signed by Deputy Commissioner (Technical) Decent Jankara, titled “Notice Of Cancellation Of Certificate Of Registration Of Royal Exchange Prudential Life Insurance Plc”, the regulator appointed Titilayo Akinlawon (SAN)as Receiver and Provisional Liquidator to oversee the winding up of its affairs.

The notice added that “The appointed Receiver is mandated to take control of the company’s affairs, liquidating its assets and settling its outstanding liabilities in strict accordance with NIRA 2025 regulations and extant insurance guidelines.”

“Relevant stakeholders and financial institutions have been instructed to cooperate fully with the Receiver during the official takeover and winding-up proceedings.”

This development comes days after NAICOM announced the completion of the insurance sector recapitalisation exercise and published a list of 43 insurance and reinsurance companies that met the July 31, 2026 compliance deadline.

The post Recapitalisation: NAICOM Revokes Royal Exchange Prudential Life Insurance License appeared first on Business Today NG.

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