– Segilola Resources Operating Ltd, an indigenous gold mining company in Ilesha, Osun state, produced 84,609 ounces of gold worth $194.4 million in 2023
– CEO, Mr Segun Lawson, emphasized Nigeria’s growing recognition for its minerals and the need to tackle illegal mining
– Concern was raised over the country’s loss of nine billion dollars to illegal mining and the impact of insecurity on mining activities
– The federal government’s establishment of Mining Marshals from NSCDC was commended for combating illegal mining
– Challenges in the sector include environmental degradation and mining by minors, requiring urgent action
– The company is dedicated to developing the local economy of its host communities, with 98% of its workforce being local employees
– The 2024 African Natural Resources and Energy Investment Summit aims to showcase Nigeria’s mineral resources for global development under the theme “Natural Resources for Economic Development”
