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

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Governing Council, VC Commended as MOAUM Holds 32nd Matriculation

Ahead of the 32nd Matriculation ceremony of the Rev....

AG Hails Gov Sule’s Global Recognition at Africa Leadership Summit in London

Ask ChatGPT By Abel Zwanke, Lafia The Accountant General of Nasarawa...

Nigerian Leaders Urged to Uphold Democratic Principles, Show Sincerity of Purpose

By Isaac Kertyo, Makurdi Nigerian leaders have been urged to...

Northern Nigeria’s Challenges Are Complex, Deep-Rooted – Bafarawa

…Harps on Peace, Unity, Development in the NorthBy Achadu...

2027: Plateau Youth Leader Rallies Support for President Tinubu’s Re-election

By Golok Nanmwa, Jos Shedrack Mainasara, a youth mobilizer in...

Mangu Mob Attack: 20 Arraigned Over Killing of 12 in Plateau

By Israel Adamu, Jos The Plateau State Police Command on...

Sokoto Govt, AGILE Sensitize on Cash Transfer to Support Girls’ Education

By Muhammad Ibrahim, Sokoto The Sokoto State Ministry for Basic...

Bayelsa Sports Director Urges Youths to Shun Crime, Embrace Sports

By Amgbare Ekaunkumo, Yenagoa The Director of Sports, Bayelsa State...
spot_img

Related Articles

Popular Categories

spot_imgspot_img