The federal government, through the Minister of Solid Minerals Development, Dr. Dele Alake, has pledged to support mining firms that prioritise local content. During a visit to Segilola Resources Operating Limited (SROL), a Nigerian gold mining company in Ilesha, Osun State, Alake praised the firm for employing over 95% Nigerian staff and encouraged other companies to adopt similar practices.
Key points from Minister Alake’s statements:
– Emphasis on international best practices in the mining sector.
– Recognition of SROL’s effective local procurement and employment policies.
– Commitment to the security of the mining environment, including the establishment of a mines marshal.
– Promotion of positive relationships with host communities, noting SROL’s success in community development.
SROL’s achievements include:
– Production of 84,609 ounces (2,398.6 kg) of gold valued at $194.4 million.
– Investment of N29 billion in local procurement.
– A workforce of 1,993, with 98% locals.
– Compensation payments totalling $4.3 million and N1 billion spent on 25 community development projects, benefiting over 11,000 community members.
The Managing Director of SROL, Segun Lawson, affirmed the company’s potential to enhance its contribution to the economy with federal government support.