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Reading Time: 3 minutes Senate grants Kalu's motion to end illegal mining and Gold smuggling in Nigeria. Kenneth Udeh,Abuja. Resolutions to bring an end to illegal mining and gold smuggling in the country and investigation to an annual loss of 9Billion Dollars in Nigeria's mining sector as result of the aforementioned illegal activities were reached by the Senate on Wednesday.
Sources revealed Nigeria lost nearly $54 billion due to illegal gold mining and smuggling between 2012 and 2018. Most of the country's gold reserves are unexploited. Illegal gold mining is one of the main problems facing the gold industry on a global scale. The uncontrolled extraction of gold by illegal miners causes enormous economic damage.
Similarly, in 2019, the Nigeria Extractive Industries Transparency Initiative said in its report that royalties received from 39 minerals was N2.50bn, with limestone contributing 37.68 per cent, granite 31.31 per cent and gold 0.26 per cent, despite the volume of mining activities by illegal miners.
The practice of small scale gold mining has been ongoing for several decades in Zamfara state, the Northwest region Nigeria. These activities were somewhat irregular and occurred only in a few areas of the state, until 2008 when there was a catapulted rise in the value of gold in the global market.
Nigeria: How Illegal Mining Is Driving Local Conflicts in Nigeria Dame Yinka/Wikimedia Commons Illegal miners in Itagun, Nigeria separate mud and stones from the raw material, gold (file photo).
Illegal mining in northern Nigeria is leading to two worrying trends. One is the exchange of illegally mined gold for weapons, and the other is the use of women and in these illicit activities. Nigeria's north, especially Kaduna, Katsina, Kebbi, Kogi, Nasarawa, Niger, Plateau and Zamfara states, is particularly hard hit.
Apart from the health hazards from illegal mining of gold in the country, Nigeria is said to be losing about $9 billion yearly to illegal mining and gold exportation, a huge amount of money ...
The Nigerian government may have lost about N4 billion in three years, owing to illegal practices and corrupt activities of companies operating in the mining sector in Nigeria. Illegal mining ...
Illegal gold mining has become routine in Nigeria and both compatriots and foreigners are neck-deep in stealing the country's highly valued mineral, yet Niger Oluwole's expansive farm is one of the hijacked sites, and according to him, the once quiet community has since lost its tranquility to the invasion by the ... Illegal gold mining ...
Gold Rush: Reps to probe illegal gold mining in Osun. The House of Representatives has resolved to investigate activities of illegal miners in …
Illegal mining drives Nigeria's rural banditry and local conflicts. . Africa's artisanal and small-scale gold mining sector has development potential. At its peak in 2017 this sector in Niger employed directly and indirectly as many as 600 000 people and created opportunities for local infrastructural development.
Tunde Ajaja Published 30 October 2021 Illegal gold mining has become routine in Nigeria and both compatriots and foreigners are neck-deep in stealing the country's highly valued mineral, yet Nigeria…
Nigeria Govt mulls special courts for illegal gold miners. By ojootaru on May 12, 2020. Following large quantities of gold being smuggled to the United Arab Emirates (UAE), the Federal Government is contemplating setting up special courts that would try cases bordering on illegal mining activities in Nigeria. In addition, it also said plans are ...
March 1, 2021. in Business News. The Nigerian Government announced that the implementation of the African Continental Free Trade Area (AfCFTA) would help reduce illegal mining in the country and also standardize Mining practices in Nigeria. This was disclosed by the Minister of Mines and Steel Development, Mr Olamilekan Adegbite, at the NAN ...
Punch Tunde Ajaja 30 October 2021 Illegal gold mining has become routine in Nigeria and both compatriots and foreigners are neck-deep in stealing the country's highly valued mineral, yet Nigeria wallows in foreign debts, TUNDE AJAJA writes The dark of the night was gradually yielding dominance to the first light of dawn when 75-year-old Yemi
President Muhammadu Buhari had on July 16, 2020, decried loss over three billion dollars to illegal gold mining in the country between 2012 and 2018. Buhari said this when he received locally-mined gold bars from the Presidential Artisanal Gold Mining Development Initiative (PAGMDI) in Abuja.
Illegal Mining of Alluvial Gold and its Effects on Ibala Community, Southwestern Nigeria. June 2020 ... A paper presented at the 21st Annual conference of the Nigeria Mining and Geosciences ...
Illegal mining drives Nigeria's rural banditry and local conflicts. . Africa's artisanal and small-scale gold mining sector has development potential. At its peak in 2017 this sector in Niger employed directly and indirectly as many as 600 000 people and created opportunities for …
How illegal mining is driving local conflicts in Nigeria . . Africa's artisanal and small-scale gold mining sector has development potential. At their peak in 2017 these mines in Niger employed as many as 600 000 people and created opportunities for local infrastructural development.
This level of illegal gold mining in Nigeria continues to pose different threats to the economy and the citizens. Effect of illegal gold mining on the economy Although solid minerals is not a major source of funding for the Nigerian economy, high level of illegal mining activities has led to a loss of almost 1.54 Billion USD annually.
Nigeria: With Police Support, Illegal Gold Mining Thrives in Osun Communities. In April when the federal government gave the order for stoppage of illegal mining in Zamfara, a …
Over the last decade, Nigeria's fast-growing economy has been fuelled by high prices in the mining, oil, and gas sectors. As these prices climbed, illegal activities, especially on gold mining, have been rapidly expanding into previously untapped parts of the country. Dangbala in Akoko Edo Local government Area in Edo State is now.
2 Illegal gold mining has become routine in Nigeria and both compatriots and foreigners are neck-deep in stealing the country's highly valued mineral, yet Nigeria wallows in foreign debts, TUNDE ...
Nigeria's House of Representatives on Wednesday, delegated its committee on Solid Minerals to investigate cases of illegal gold mining activities in Osun State. The committee was mandated to liaise with the Federal Ministry of Solid Minerals to determine holders of mining licences operating in the axis.
Also, in terms of revenue, statistics show that between 2014 and 2015, Nigeria reportedly lost an estimated $9billion to illegal mining across the country. Besides, geological survey estimates ...
Illegal gold mining: Foreigners dwindling revenue, Illegal gold mining has become routine in Nigeria and both compatriots and foreigners are neck-deep in stealing the country's highly valued mineral, yet Nigeria wallows in foreign debts, writes - TUNDE AJAJA
Collaboration between politically connected Nigerians and Chinese corporations in illegal gold mining drives rural banditry and violent local conflicts in some parts of Nigeria. This includes the North West, North Central and to some extent South West regions. An estimated 80% of mining in the North West region is carried out illegally and on ...