News FG Lifts Ban On Mining In Zamfara After Five Years Published 3 days ago on December 23, 2024 By The Octopus News Admin After five years of banning mining activities in Zamfara State, the Federal Government of Nigeria has lifted the restriction on the prohibition. The Minister of Solid Minerals Development, Dele Alake through his representative Segun Tomori, announced the decision at a press briefing on Sunday, December 22. “The Federal Government has lifted the ban on mining exploration activities in Zamfara State, citing significant improvements in the security situation across the state,” the statement read. Alake highlighted the state’s mineral wealth, stating, “Nigeria has a lot to gain from reawakened economic activities in a highly mineralised state like Zamfara that is imbued with vast gold, lithium, and copper belts.” He explained that while the initial ban was well-intentioned, it had unintended consequences. “The previous ban, which was well-intentioned, inadvertently created a vacuum exploited by illegal miners to fleece the nation of its resources,” he said. Alake emphasized Zamfara’s potential to contribute significantly to national revenue. “The existential threat to lives and properties that led to the 2019 ban has abated. The security operatives’ giant strides have led to a notable reduction in the level of insecurity, and with the ban on exploration lifted, Zamfara’s mining sector can gradually begin contributing to the nation’s revenue pool,” Alake added. The minister credited recent security successes under the Tinubu administration for enabling the decision. “Since the beginning of the Tinubu administration, intelligence-driven, coordinated security operations have resulted in the neutralization of key bandit commanders, significantly reducing incidents of insecurity. A recent success was the capture of one of the most wanted bandit commanders, Halilu Sububu, in a covert operation in Zamfara.” Alake noted that lifting the ban would improve the regulation of mining activities in Zamfara and enhance intelligence gathering to curb illegal mining. “This will ensure the country benefits from the state’s rich mineral resources,” he said. Commending the media for their role in promoting reforms in the mining sector, Alake acknowledged their contribution to sanitizing the industry and attracting investors. “Members of the fourth estate of the realm have been key allies in efforts to sanitise the mining sector and promote market reforms which have made the industry attractive to indigenous and foreign investors.” Addressing recent concerns about the Memorandum of Understanding (MOU) with France, Alake clarified the government’s stance. “The agreement does not imply Nigeria is relinquishing control over its mineral resources or entering into any military pact with France. “The high point of the MOU is on training and capacity building for our mining professionals. We need all the assistance we can get in terms of capacity, technical, and financial support from abroad, and that wasn’t even the first we are signing. We’ve signed similar ones with Germany and Australia. Deliberate peddling of misinformation, despite facts to the contrary, is uncalled for,” he concluded. Post Views: 234 Related Topics:Dele AlakeHalilu SububuMinister of Solid Minerals DevelopmentSegun TomoriZamfara state Up Next Petrol: MRS Slashes Petrol Price to N935/Litre Nationwide, Enforces compliance Don't Miss President Tinubu’s Reforms Not Responsible For Food Stampedes-FG You may like Bandits Gun Down Policeman At Checkpoint Troops Rescue 10 Kidnap Victims In Zamfara State Tinubu Submits Ministerial List To Senate For Screening***See Who Made It AU Meeting: Tinubu Departs Nigeria For Kenya Tinubu Suspends 5 Per Cent Telecoms Tax Presidency Rejects EU’s Report On 2023 General Elections Click to comment Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ Polaris Bank AD Your browser does not support the video. AdFacebook Trending Society5 years ago How Socialite, Drug Peddler Toyin Igbira Died Music5 years ago Police Arrest Salawa Abeni’s Blackmailer Opinion5 years ago Why I said Anyone Opposed To Church Opening Will Die-Oyedepo News5 years ago See Open Letter Written By Pastor To Adeboye, Kumuyi Others News5 years ago Nigerian Army Arrest Soldier For Attack On Chief Of Army Staff Society5 years ago Happy Times Return For Sanusi Lamido Sanusi Live1 year ago Bayelsa Election Live: Voting Begins In Earnest Music5 years ago Olori Ajoke Places Curse On Esabod