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

The post Kogi State Secures 15 Mining Licenses to Enhance Economic Growth and Employment first appeared on Nigerian Mining News.

Governor Ahmed Usman Ododo recently revealed the acquisition of 15 mining licenses for Kogi State, marking a significant development in the state’s extractive industry. The announcement was made during the unveiling of new mining equipment in Lokoja, signifying Kogi’s commitment to harness solid minerals for economic transformation. The governor highlighted Kogi’s abundant mineral resources, such as gold and lithium, which remain largely untapped.

Ododo stated that securing these licenses aims to mitigate reliance on federal funding and foster sustainable economic growth through large-scale mining activities. He emphasised the potential job opportunities this initiative could create and its importance in improving local livelihoods. The governor reassured that Kogi State is set to emerge as a key player in Nigeria’s mining sector.

Engr. Bashiru Gegu, the Commissioner for Solid Mineral and Natural Resources, underscored the need for robust policies and equipment to maximise the sector’s potential. He confirmed that the Kogi State Solid Mineral Processing Company Limited is ready to commence immediate exploration, having secured the necessary licenses to effectively tap into the state’s rich mineral deposits.

The unveiling of mining equipment and acquisition of licenses marks a pivotal step in Kogi State’s economic development. With its vast mineral resources, the state aims to reduce reliance on federal allocations while creating job opportunities and fostering sustainable growth. The leadership is set on transforming Kogi into a significant player in Nigeria’s mining industry, with a clear path for resource extraction and development.

Original Source: kogireports.com

The post Kogi State’s New Mining Initiative: 15 Licenses and Promising Prospects first appeared on Nigerian Mining News.