Kogi State Government has acquired 15 mining licenses to enhance internal revenue and employment. Governor Ododo announced this alongside new mining equipment, marking a pivotal economic phase. The initiative aims to develop solid minerals like gold and coal, reducing reliance on federal funds while focusing on job creation and resource extraction efficiency.
The Kogi State Government has acquired 15 mining licenses from the federal government to enhance its internally generated revenue. Governor Ahmed Usman Ododo announced this during the launch of new mining equipment at Muhammadu Buhari Square in Lokoja. This initiative is intended to propel Kogi into solid minerals development, marking a significant phase in the state’s economic transformation.
Ododo stated that the 15 mining licenses would significantly boost solid minerals development in Kogi, which is rich in resources like gold, lithium, limestone, and coal, yet to be fully exploited. “This is a strategic move to harness our natural resources and reduce our reliance on federal allocations,” he said, emphasising the potential for large-scale exploration and sustainable economic growth.
The Governor highlighted the commitment to job creation and livelihood improvement through mining, asserting that the new equipment would enhance resource extraction efficiency. Kogi aims to become a significant player in Nigeria’s mining sector, reducing its dependence on federal funds to control its economic future.
Commissioner for Solid Mineral and Natural Resources, Bashiru Gegu, reinforced this vision, underscoring that effective policies and mining capabilities are crucial for success. He confirmed the readiness of the Kogi State Solid Mineral Processing Company Limited to initiate solid mineral exploration immediately with the acquired licenses, necessary for robust sector development.
The Kogi State Government’s acquisition of 15 mining licenses represents a strategic effort to boost revenue and create jobs. By investing in solid minerals, Kogi aims to enhance its economic independence and play a crucial role in Nigeria’s mining sector. This initiative is set to unlock the state’s rich mineral deposits while fostering sustainable growth and improved livelihoods for its citizens.
Original Source: guardian.ng