Nigeria yet to harness its gold deposits ----Fayemi
(Nigeria) Minister of
Solid Minerals Development, Dr Kayode Fayemi, has said that although Nigeria is
blessed with huge gold deposits, it was yet to harness the commodity.
Fayemi, who made this known at NAN Forum in Abuja, said the
commodity could be found in abundance in some Western and Northern states of
the federation.
``We have an entire belt running from Zamfara to Kebbi to Sokoto,
Kaduna, Niger, Kwara, Kogi, Oyo and Osun states. The entire western belt of
Nigeria is almost a gold belt and it is a green field; but we have not done
enough work.’’
He expressed regret that there was no record that ``Nigeria
is a gold producing country yet people take gold from Nigeria, licence it in
Ghana and pass it off as gold from Ghana’’.
Fayemi said the ministry was working closely with the
Federal Ministry of Interior to prevent people from engaging in illegal mining
of the commodity.
He said illegal mining activities would not only depreciate
the value of the commodity, it would also confuse the investors and undermine
the potentiality of the sector.
The minister said since oil was discovered in the country,
gold mining was ignored, thus giving illegal miners the latitude to engage in
their activity.
He said the ministry would establish a mineral buying centre
to eliminate middlemen.
``We want to clean up the market and ensure that it becomes
an attractive sector for those who are playing in it. It is to have a sector
that is very well regulated, you can’t do this in places like Ghana. So we must
organise the sector in a better faction.’’
Fayemi said government would take calculated steps to
organise the mining sector.
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