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Miners lament 8-year wait for N5bn BoI fund

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Miners lament 8-year wait for N5bn BoI fund
Written by Areatatafo

Miners lament 8-year wait for N5bn BoI fund

By Gabriel Ewepu

ABUJA – After eight years, the Miners Association of Nigeria (MAN) has expressed frustration over the inability to access the N5 billion artisanal and small-scale miners’ fund from the Bank of Industry (BoI).

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MAN’s National President, ‘Dele Ayanleke, lamented that despite their persistent advocacy, there has been no intervention from the Tinubu-led administration to support the sector.

“Even under Buhari’s regime, we never got clarity on the funds. Now, the Minister (Alake) has asked BoI to return the money to the government. But as miners, we don’t have the legal power to chase it—only to advocate, which we’ve done tirelessly,” Ayanleke said.

Ayanleke further decried rising regulatory fees, which have forced many indigenous miners out of business.

“Instead of receiving financial support, we are seeing increased fees that are crippling local operators,” he noted.

The MAN president also criticized the exclusion of miners from key policy dialogues, stressing that decisions affecting the sector should involve industry stakeholders.

“Nigeria is a democracy. Just as we elect representatives in government, we should also have a say in mining policies, reforms, and implementation,” he argued.

MAN urged the government to engage stakeholders in policy formulation, ensuring that industry players contribute to solutions that will drive growth and sustainability in the mining sector.

The post Miners lament 8-year wait for N5bn BoI fund appeared first on Vanguard News.

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