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Jul 16, 2020· By Bolaji Ogundele, Abuja. Nigeria is expected to generate more that 500 million annually in royalties and taxes and around 250,000 jobs from the improved gold mining operations in the country.
Currently there are two gold mining companies in Nigeria. Segilola Nigeria Limited has a license to mine gold in Osun State, and Geotechniques Nigeria Limited has a license to mine gold in Kebbi State. Five other companies are mining for tin, iron ore, coal, lead, and zinc. Deposits of gold .
President Muhammadu Buhari has reaffirmed his administration''s commitment to establish gold refineries in Nigeria, saying that improved gold mining operations in the country would generate no fewer than 250,000 jobs and over 500million dollars annually. The President stated this at the official presentation of locally mined gold bars by the Presidential Artisanal Gold Mining Development.
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Aug 08, 2020· Convincing the artisanal goldmining sector to come under government''s watch would provide the muchneeded tax revenue and enable the Central Bank of Nigeria .
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