Nigeria has lifted a five-year ban on mining in Zamfara state due to improved security. The mining sector, rich in gold, lithium, and copper, aims to enhance its contribution to the economy, currently under-performing at less than 1% of GDP. Initiatives include reforms to attract investment and international training agreements.
Nigeria has officially resumed mining exploration in the northwestern state of Zamfara, which had been on hold for five years due to escalating security concerns. The mining minister, Dele Alake, announced that improved safety conditions permitted the lifting of the ban and aims to gradually reintegrate Zamfara’s significant gold, lithium, and copper resources into the national economy. Prior to the lifting of the ban, illegal mining was prevalent, which hindered the state’s economic potential.
With Nigeria being the largest oil producer in Africa and possessing numerous untapped mineral resources such as gold, limestone, and zinc, the government seeks to enhance the mining sector’s contribution to the GDP, which currently stands at less than one percent. The country has implemented several reforms, including the annulment of unused licenses and the establishment of a national mining company, to attract foreign investment and curb illegal mining activities. Furthermore, Nigeria signed a training and development agreement with France this month, underscoring its commitment to international partnerships for capacity building.
Alake emphasized the need for external support in various forms, stating that “We need all the support we can get, including technical, financial, and capacity-building assistance from abroad.” This initiative follows similar agreements with Germany and Australia, aiming to bolster Nigeria’s mining sector and diversify its economy beyond the oil industry.
The mining sector in Nigeria, particularly in Zamfara state, has faced significant challenges due to insecurity stemming from banditry and illegal mining activities. The suspension of mining operations in 2019 was a direct response to rampant violence that posed risks to security personnel and miners alike. With Zamfara’s rich deposits of gold and other minerals, the potential for economic growth is substantial. Nigeria’s government has been under pressure to diversify its economy, traditionally reliant on oil, thus leading to renewed efforts in the mining industry.
The resumption of mining activities in Zamfara represents a critical step in Nigeria’s efforts to revitalize its mining sector and contribute to economic diversification. The government’s proactive measures to improve security and attract investment are essential to harness the state’s mineral wealth effectively. Continued partnerships with international entities will be vital in building the necessary capacity and expertise to support sustainable mining operations.
Original Source: www.mining.com
