Nigeria Resumes Mining in Zamfara as Security Conditions Improve

Nigeria has reinitiated mining activities in Zamfara after a five-year suspension due to improved security conditions. The move is anticipated to boost the local economy and reduce illegal mining. The government aims to enhance the mining sector’s contribution to GDP as a part of its economic diversification strategy, backed by reforms and international collaborations.

Nigeria has officially resumed mining activities in the northwestern state of Zamfara, following a five-year ban that was implemented due to rampant security issues and bandit attacks in the area. The Minister of Mining, Dele Alake, announced this decision, attributing it to significant improvements in safety and security measures. The state is known for its abundant deposits of gold, lithium, and copper, and the lifting of the ban is expected to enable the mining sector to contribute meaningfully to the country’s economy.

The suspension, which began in 2019, allowed illegal miners to take advantage of the situation, exploiting the state’s rich mineral resources without regulation. As Africa’s largest oil producer, Nigeria aims to diversify its economy, which is heavily reliant on oil, by increasing the contribution of its mining sector, which currently accounts for less than 1% of the nation’s GDP. Consequently, the government has introduced various reforms to attract investment, such as revoking inactive licenses and enhancing compliance measures against illegal operations.

Furthermore, Nigeria has embarked on international collaborations to bolster its mining industry. Recently, the nation signed a training and development agreement with France, seeking assistance in technical, financial, and capacity-building aspects. The Minister underscored the importance of global partnerships, noting that similar agreements have already been established with Germany and Australia. These initiatives are aimed at fostering a thriving mining sector that can significantly enhance national revenue.

The resumption of mining in Zamfara comes after years of turmoil caused by the activities of bandits, which not only posed a threat to local communities but also hindered economic development in the region. Zamfara is rich in various minerals; thus, the previous ban severely impacted potential revenue from mining. With Nigeria’s economy overly dependent on oil, diversifying into mining presents a strategic opportunity for financial growth and job creation. The government’s reforms reflect a commitment to revitalizing this sector and ensuring safer operational environments for investors.

In summary, the lifting of the mining ban in Zamfara is a significant step towards revitalizing Nigeria’s mining sector, which has the potential to contribute substantially to the country’s economy. With improved security measures in place and international partnerships being fostered, the government is optimistic about attracting investment and increasing mineral production while curtailing illegal mining activities. These efforts align with Nigeria’s broader strategy to reduce its heavy dependence on oil by enhancing other sectors of its economy.

Original Source: www.mining.com