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NIGERIA WILL BECOME WEST AFRICA’S GOLD-PRODUCING HUB –FG

Published by on August 11th, 2020.


NIGERIA WILL BECOME WEST AFRICA’S GOLD-PRODUCING HUB –FG

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Nigeria is on its way to becoming a major gold-producing hub in the West African region, the Federal Government declared on Monday. According to the government, this would diversify the country’s revenue base from crude oil and create jobs for its teeming youthful population.

The Minister of Mines and Steel Development, Olamilekan Adegbite, made the declaration in Abuja while taking stock of his first year in office as minister. He said, “Indeed, the international roadshows we have had in the past have produced fruits. Today, we have Thor exploration in Osun State through the Segilola Gold project.

The exploration firm is projected to start producing (gold) in the first half of next year. The project is expected to create about 400 direct jobs and 1,000 indirect jobs.” Adegbite also stated that that the mines ministry had initiated a process that would lead to local capacity development in the production of barite.

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