FG Harps On Need To Curb Illegal Exploitation Of Minerals & Maximize Benefits

22 October 2020 By Georgina Humphrey

The Federal Government has called for collaboration with West African leaders in monitoring and halting illegal trans-border trade of solid minerals within the West African Sub-region with a view to deriving their maximum economic benefit.

The Minister of State Mines and Steel Development, Doctor Uchechukwu Ogah made this known in a statement signed by the Acting Director of Press Ministry of Mines and Steel Development, Mr Timothy Akpoili in Abuja.

It states that Ogah, who was a special invitee of the Government of Burkina Faso while explaining efforts being made to diversify the Nigeria economy, through the Mineral Sector, especially the Presidential Artisanal Gold Mining Initative (PAGMI), said for the sub-region to properly harness the economic benefit of the abundant mineral resources, efforts must be made to curb illegal exploitation and transaction of minerals in the sub- region.

It emphasizes the need for sustainable peace and security in the sub-region to enable it leverage and harness the gold value chain for industrialization, wealth and job creation for its teeming youths.

The Minister applauded the Burkina Faso Government for putting in place the right policies, which had increased investment in the mining sector of the Country and led to development of artisanal and small-scale gold production, as attested by the event.

“You have made a quantum leap in the development of your artisanal and small-scale gold production and today’s presentation of refined gold bar medallions speaks volume to the international investors.”

He described the Gold festival and presentation of Gold bars sourced mainly from artisanal operators in the country as “a significantly bold step in developing the Gold and Mining value chain and deepening integration across the West African economic corridor.”

He appreciated the valuable contribution of Burkina Faso”s mining partners for their efforts leading to the remarkable milestone.

Earlier, the Minister of Mining and Quarries, Burkina Faso, Oumarou Idani thanked the Hon. Minister for honouring the invitation and explained that the Country is endowed with gold and manganese which are its chief sources of revenue.

Mr Idani stated that his Country is working on attracting investors as well as supporting and promoting the production of gold jewelleries for export within and outside Africa, saying “we have a history of gold jewellers craft men in the Country “.

The Nigerian Ambassador to Burkina Faso, Mr. Zachariah Mallam Ifu, said the Nigerian Embassy is looking at areas of collaboration that would facilitate bilateral transactions between it and Burkina Faso in the solid minerals sector.

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