In a bid to boost the nation’s mining sector and increase its revenue, the government has lifted a five year ban on mining activities in Zamfara state. This was announced on Monday.
Citing improved security, Nigeria has lifted a five-year ban on mining exploration in its northwestern state of Zamfara, rich in gold, lithium, and copper.
The ban lifted on Monday, was imposed in 2019 due to bandit attacks, resulting in rampant illegal mining, according to the country’s Minister of Solid Minerals, Dele Alake. The minister stated the security operatives’ giant strides implemented in the region have led to a notable reduction in the level of insecurity, and the mining sector can gradually begin contributing to the nation’s revenue pool.
This move will elevate the mining sector, which currently accounts for less than 1% of GDP. As it stands, Nigeria is implementing reforms including revoking unused licenses, attracting investors with a stake in a new national company, and restricting mineral exports and the nation is seeking technical and financial support through international partnerships to enhance the sector’s capacity.
Often called Africa’s mostly populous nation possesses abundant natural resources, including energy minerals like coal and lithium, metallic minerals like gold and lead-zinc, and industrial minerals such as limestone and barite.
