10 August 2020 By Georgina Humphrey.
Minister of Mines and Steel Development, Mr. Olamilekan Adegbite says President Muhammadu Buhari’s administration has created job opportunities in the country.
This is contained in a statement by the Special Assistant to the minister on media Mr. Ayodeji Adeyemi to mark the minister’s one year in office.
The statement explains that the ministry created a business friendly and enabling environment in the sector for the creation of jobs.
It adds that the country was on its way to becoming a major gold producing hub in the West African region, which will diversify the economy away from crude oil and create jobs for its teeming youths.
‘Indeed the international roadshows we have had in the past have bore fruits as today we have Thor exploration in Osun State through the Segilola Gold project expected to start producing in the first half of next year.
“The project is expected to create about 400 direct jobs and 1000 indirect jobs,’ the statement stresses
It reveals that the government has licensed two gold refineries that will refine gold to the standard of the London Bullion Market Association.
This according to the statement will ultimately create tens of thousands of jobs, indeed the government of President Buhari is all about job creation.’
The statement also says that the country, for the first time mined, processed and refined gold under the Presidential Artisanal Gold Mining Development Initiative, PAGMI, for use as part of Nigeria’s external reserves.
“Under the scheme, artisanal and small scale gold miners will earn more from higher productivity, better recovery rates through mechanization of operations, and better access to reliable geological information,’ he said.
It explains that the ministry initiated a process that will lead to local capacity development in the production of barite.
It estimates that over five thousand jobs will be created when the nation attains self-sufficiency in local barite production.
According to the statement, the minister says the past one year has been a learning experience for him, ‘People have been gracious to me, availing me of their knowledge, I have learnt a lot and I am still learning.
“It has been a wonderful experience so far and I thank President Muhammadu Buhari for giving me this opportunity to serve Nigerians.’