x

Gold in Zamfara belongs to FG–Minister

The federal government has reacted to claims by the Zamfara state government over ownership of gold deposits in the state.

Olamilekan Adegbite, minister of mines and steel development, who issued the warning on Friday, said mineral products remain exclusively that of the federal government.

Zamfara government on had on Tuesday said it started its gold reserve to reduce dependence on federal allocations.

Rabiu Garba, the state commissioner for finance, told journalists that, though, there was a federal government ban on mining activities in the country, “the state government was able to purchase the commodity from licensed miners”.


“At the moment, we have a pure gold reserve of over 30 kilos and as time goes by, we will continue to invest in this regard so that, like other states and other nations, we will be having our mineral reserves and ours will be in gold,” Garba said.
“When the ban is lifted and mining activities resume fully, we are hopeful that we will be receiving royalties from miners while the federal government will also be giving us something.”


Joseph Onu Silas, a lawyer, had accused the Central Bank of Nigeria (CBN) of trading in gold with the state government, seeking the cancellation of the purchase of gold worth N5 billion from Zamfara by the apex bank.
But while briefing the press on the forthcoming 5th Nigerian mining week, Adegbite said what the state government is doing is right but the portrayal to the public is wrong.


“I had a meeting with the Zamfara people yesterday or day before yesterday, they need to get their narrative right to the public,” Adegbite said.

Hot this week

Sapele Land: Do Not Dare Us, Okpe Group Warns Itsekiri Chief, Others

Francis WilfredThe Pan Okpe Socio-Political and Cultural group has...

79 Kogi State Polytechnic Students Graduate with Distinctions

From Noah Ocheni, LokojaNo fewer than 79 students of...

CIBN Commends Gov. Otti on Economic Growth, Poverty Reduction in Abia

The Chartered Institute of Bankers of Nigeria (CIBN) has...

The Future of Nigeria–China Relations: Partnership or Dependency?

By Solomon Iliya JeffreyThe relationship between Nigeria and China...

Kogi Poly Gets New Rector as Prof. Ogbo Hands Over to Prof. Avidime

Professor Salihu Sanusi Avidime has formally assumed office as...

Gov. Otti Approves Boards for Abia State Roads Fund, Rural Access Roads Agency, Lottery Board

Abia State Governor, Alex Otti, has approved the constitution...

Bomb Scare Disrupts Activities at Bayelsa Secretariat, Police Arrest Suspect

Activities were disrupted at the Bayelsa State Civil Service...

225 Bayelsa Public Schools Receive Science Laboratory Equipment, Drawing Desks

No fewer than 225 public secondary schools and five...

NSPRI Trains Agro-Processors on Post-Harvest Management, Value Addition in Kano

The Nigeria Stored Products Research Institute (NSPRI) has begun...

Kogi Government Warns Churches Against Violating Security Protocols Amid Anti-Crime Drive

The Kogi State Government has warned that churches operating...

Prof. Avidime Assumes Office as New Rector of Kogi State Polytechnic

Professor Saliu Sanusi Avidime has officially assumed duty as...

Related Articles

Popular Categories

spot_imgspot_img