FG moves to reduce high rate of illegal gold mining, smuggling vanguardnews
The disclosure was made by the Minister of Mines and Steel Development, Arc Olamilekan Adegbite, in a keynote address at the Nigerian Economic Summit Group, NESG, Webinar On Unlocking Nigeria’s Economic Potentials, amid and after Coronavirus, COVID-19, pandemic.
He further stated that seven of these minerals have been designated strategic to unlock the enormous potential in the sector which includes coal, iron ore, bitumen, gold, limestone, lead-zinc, and barite. “Presently, our priority is anchored in the gold sector. We are creating a gold ecosystem to minimize the high rate of illegal gold mining and smuggling, increase the government’s revenue from the resource, create jobs, and improve environmental and social stewardship.
“Two companies , located in Ogun state and the FCT, have been granted licenses to refine gold and are in the process of building their refineries.
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