Revolutionizing the Nigerian Mining Industry: A Model for Success
The Segilola gold project has received high praise from the Minister of Solid Minerals Development, Dele Alake, who has recommended it as an exemplary model for other mining companies to emulate. During a site tour of Segilola Resources Operating Limited (SROL) in Osun State, the minister lauded the extensive work undertaken by the company, particularly highlighting the fact that over 95% of its staff are Nigerians. He expressed the federal government’s commitment to supporting mining companies that prioritize local content in their operations.
Mr. Alake emphasized the importance of emulating the success of the Segilola gold project, which he described as a wholly Nigerian undertaking. He commended the company for its tenacity and efficient methods in pursuing its vision, despite facing challenges at the outset.
One of the priorities for Mr. Alake is to redirect both local and international attention to Nigeria’s mining sector. He revealed the implementation of a 7-point agenda aimed at repositioning the sector, with a particular focus on enhancing the security of mining environments. This includes the creation of mine marshals stationed in every state, a development that has already had a positive impact on the operating environment by deterring illegal miners.
Furthermore, the minister stressed the importance of fostering a harmonious relationship with host communities, noting the significant strides made by SROL in exceeding its community development targets. He urged mining companies nationwide to prioritize community development to ensure a safer and more productive operating environment that benefits all stakeholders.
The Managing Director/Chief Executive Officer of Segilola Resources, Segun Lawson, appealed to the Federal Government for support in scaling up the company’s operations to make a more significant contribution to the country’s economy. In response, the minister pledged the support of the Federal Government for SROL, acknowledging its promotion of local content and positive impact on the host community.
The commendation of the Segilola gold project by the Minister of Solid Minerals Development is a significant endorsement for the mining industry in Nigeria. By setting new standards and demonstrating the potential for success, Segilola Resources Operating Limited is positioning itself as a model for other mining companies to emulate. The focus on local content, community development, and the enhancement of security measures all contribute to creating a conducive and beneficial environment for the industry to thrive.
As the Nigerian mining sector continues to gain attention and investment, the success of projects like Segilola serves as a testament to the potential for growth and development in the industry. The commitment of the federal government to support such initiatives further underscores the importance of the mining sector in contributing to the country’s economic prosperity.
In conclusion, the recognition and recommendation of the Segilola gold project as a model for success in the mining sector is a positive step towards realising the full potential of the industry in Nigeria. By prioritizing local content, community development, and improved security measures, mining companies can contribute to the sustainable development of the sector and the economy as a whole.
