Nigeria has for the first time refined its own gold and purchased the refined product into a new gold reserve.presented a cheque of N268 million for the country’s first artisanally-mined and refined gold.The 12.5kg gold bar was processed and refined according to thePresident Muhammadu Buhari launched the PAGMDI, a comprehensive artisanal and small-scale gold mining development programme in 2019.
He said Nigeria will no longer be analysed through the price of crude oil as gold is also valued in the international market in dollars. Also at the event was the Governor of Kebbi State, Atiku Bagudu, who said many states including Kebbi have people in the artisanal gold mining sector for decades but they have been doing so illegally, with health hazards to themselves and damage to the environment.He said because of its illegality, the mining brings insecurity.
“They have a space to participate in PAGMI and the laws and regulations are there. We will sensitize people together with the Ministry and the States, who have been very supportive as well.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buhari: Nigeria to make $500m, create 250,000 jobs from gold exportNigeria is expected to generate more that $500 million annually in royalties and taxes and around 250,000 jobs from the improved gold mining...
Source: TheNationNews - 🏆 6. / 69 Read more »
Buhari receives Nigeria’s first artisanally-mined gold | The Guardian Nigeria News - Nigeria and World NewsNigeria’s President Muhammadu Buhari on Thursday received the country’s first artisanally- mined gold. “With the implementation of the PAGDMI scheme which will result in the set-up of accredited gold buying centres across key mining areas, artisanal miners and SMEs engaged in mining will be able to capture the value of their work,” Buhari said …
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Gold mining to generate 250,000 jobs in Nigeria - BuhariPresident Buhari disclosed this at the official presentation of locally mined gold bars by the Presidential Artisanal Gold Mining Development Initiative.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Nigeria loses $3b to illegal gold smuggling in 6 years — BuhariPresident Muhammadu Buhari has voiced concern that Nigeria lost close to $3b from 2012 – 2018 due to illegal smuggling of gold. President Buhari spoke on Thursday during the official presentation o…
Source: Daily Trust - 🏆 13. / 51 Read more »
PHOTOS: Buhari Launches Presidential Artisanal Gold Mining Development InitiativePHOTOS: Buhari Launches Presidential Artisanal Gold Mining Development Initiative
Source: channelstv - 🏆 7. / 63 Read more »
Nigerians Demand Investigation Into Death Of Tolulope Arotile, Country’s First Combat Helicopter Pilot Who Died At 25 | Sahara ReportersNigerians Demand Investigation Into Death Of Tolulope Arotile, Country’s First Combat Helicopter Pilot Who Died At 25 | Sahara Reporters Arotile was instrumental in fighting insurgency in Nigeria, according to the Nigeria Air Force.NigAirForce READ MORE:
Source: SaharaReporters - 🏆 9. / 63 Read more »