Nigeria resumes mining in Zamfara after a five-year suspension due to improved security measures. Minister Dele Alake noted the reduction in insecurity will help the mining sector contribute to national revenue. The government is introducing reforms to attract investment and signed training agreements with France for capacity building.
Nigeria has reinstated mining exploration in Zamfara state following a five-year ban, attributed to improved security measures. Mining Minister Dele Alake announced that the decision comes after significant reductions in insecurity, promising to enable Zamfara’s valuable resources, including gold and lithium, to contribute more significantly to national revenue. During the ban, illegal mining had flourished, undermining legitimate operations and state resources.
To stimulate investment in its mining sector, which currently accounts for less than 1% of Nigeria’s GDP, the government is implementing several reforms. These include revoking inactive mining licences, allowing a 75% investor stake in a new national mining company, and enforcing stricter regulations against illegal mining. Nigeria has also begun international collaborations to enhance its mining capabilities, signing a training agreement with France. Alake emphasised the need for global support for further technical and financial assistance, referencing previous partnerships with Germany and Australia.
The mining sector in Nigeria has faced significant challenges due to security issues, particularly in the northwestern state of Zamfara, which is rich in minerals like gold and lithium. The government had to suspend mining activities in 2019 due to rampant banditry and illegal mining. As part of an economic diversification strategy away from oil dependence, Nigeria aims to develop its mining sector, which requires improved security, regulatory reforms, and international cooperation.
The lifting of the mining ban in Zamfara marks a significant step towards enhancing Nigeria’s mining sector and increasing its economic contributions. With investments, regulatory reforms, and international partnerships, Nigeria aims to leverage its mineral wealth while tackling the past issues of insecurity and illegal mining practices. The focus on technical assistance and capacity building highlights the country’s commitment to revitalising this important industry.
Original Source: www.mining.com