News

Emulate Mopa Moro Gold Smelting Plant: Minister charges Investors

The Federal Government has called on investors and would-be investors to replicate the construction of Gold Smelting Plant sited in Mopa, Mopa Moro Local Government Area of Kogi State.

The Hon. Minister of Mines and Steel Development (MMSD), Arc Olamilekan Adegbite gave this charge Thursday during an inspection tour of the Gold Smelting Plant in Mopa Moro.

He said the smelting plant is a pilot project located in Mopa Moro Local Government due to gold deposits in the vicinity and meant to provide services to catchment areas within its location.

“This processing plant project here in Mopa Moro Local Government Area of Kogi State is for the North Central and it is because we found gold in this neighborhood” he stressed.

The Minister advised the Artisanal and Small Scale Miners (ASM) in the area to take advantage of the gold smelting plant by taking their gold to the facility for proper processing.

He also encouraged investors to take advantage of the opportunities available in other States with gold deposits and build smelting plant which he said, would be of great benefit to them, the host communities and Nigeria at large.

Adegbite charged investors to borrow a leaf from what the Federal Government has done in Mopa and build processing plant in other gold bearing communities, adding that the processing plant in the clusters spread across the country, are demonstration plants for investors to replicate.

He said the Gold Smelting plant in Mopa is also government’s demonstration of safer method of gold smelting that is environmentally friendly as it complies with global standard.

He advised against the water used in processing being released directly into the water body in the neighborhood as it is done by illegal miners.

The Minister said the country is moving away from being a mineral exporting country. “We want to process locally, we want to create industries around our minerals and avoid the mistake Nigeria made in crude oil where we export raw crude and import refined product” he emphasized.

The Minister assured Nigerians that gold mined in the Country would be processed in Nigeria. In his words, “our Gold will be processed here, we want to utilize our own gold locally for the benefit of Nigeria so that we do not export jobs and at the end of the day, the value stays here, the job stays here and the money stays here”

The Permanent Secretary, MMSD, Dr Oluwatoyin Akinlade earlier in her remarks noted that the post Covid six (6) regional projects established in the geopolitical zones would stimulate the activities in the sector, create wealth for Nigerians and at the same time generate revenue for the government.

She opined that siting of the processing plant in Mopa would come with a lot of opportunities for not only the North Central but for Nigeria at large.

Leave a Comment

Your email address will not be published.

You may also like

Business Culture Technology Technology Trends

NDPC Secures NJI’s Support for Data Privacy Right in Nigeria

post-image

 

In line with its objective of safeguarding the data privacy rights of Nigerians, the Nigeria Data Protection Commission (NDPC) has secured the support of the National Judicial Institute (NJI). It will be recalled that the NJI is responsible for the training of judicial officers in Nigeria from magistrate courts to the Supreme Court of Nigeria.

During a courtesy visit of the Commission, to NJI, the National Commissioner and CEO of the NDPC, Dr Vincent Olatunji lauded the management of NJI under the leadership of Hon. Justice Salisu Garba Abdullahi, (Rtd) for the milestones the Institute has achieved in human capital development particularly in relation to judicial officers and fellows of the institute.

While commenting on the importance of the Nigeria Data Protection Act in the face of disruptive technologies, Dr. Olatunji reiterated the need to collaborate with NJI in keeping judicial officers abbrest of privacy Jurisprudence. He noted that decisions on…

Read More
Business Culture Economy

Cellulant Corporation Taps Technology to Block Wastages in Agric Value Chain in Africa

post-image

Cellulant Corporation (Cellulant.com) – the pan-African technology company – has empowered Africa’s agriculture sector with the hosting of its inaugural partners’ summit in Lagos, Nigeria and the assurance to leverage on technology to help block inefficiency and wastages in Africa’s Agric value chain courtesy of its improved payment and marketplace solutions, Tingg and Agrikore.

 

 

Tingg, is a payment solution accessible to everyone, while Agrikore, is an innovative platform built on blockchain technology and connects are simplified and connected platforms for all players in the agriculture sector in over 120 African countries.

 

The summit themed, ‘Technology for Transformation: Connecting Everyone to Nigeria’s $50bn Agribusiness Opportunity & Creating Jobs for Africa’s Youth was attended by development partners including the African Development Bank, Shared Agent Network Expansion Facility (SANEF), Flutterwave and Deposit Money Banks and many food processing companies.

 

In a presentation entitled ‘Payments Laying Down the Foundation for Connecting Africa’,…

Read More
Agriculture Business

The ethics of branding: a critical tool for security, traceability, and animal welfare

post-image

By Greg Talbot, CEO, Tal-Tec

Branding livestock has been an essential practice in South Africa and the world for over 6,000 years. Serving as a means of identifying and tracking livestock. In South Africa, where livestock theft is a persistent challenge, branding remains a key tool in protecting farmers from significant financial losses. With the rise in stock theft, the debate around animal identification methods continues, balancing security, traceability, and animal welfare concerns.

The importance of branding in livestock security

Livestock theft in South Africa is a growing concern, costing farmers an estimated R1.4 billion each year. This criminal activity threatens the livelihoods of farmers, particularly in provinces like the Eastern Cape, KwaZulu-Natal, and the North West. In response, the South African government implemented the Animal Identification Act in 2002, requiring livestock owners to register identification marks for their animals. This…

Read More
Business Education

NNPC Boss, Mele Kyari, Honored with NMGS Distinguished Ambassador Award

post-image

The Group Chief Executive Officer of NNPC Ltd., Mr. Mele Kyari, has been conferred with the prestigious Distinguished Ambassador Award by the Nigerian Mining & Geosciences Society (NMGS) in recognition of his outstanding contributions to the advancement of Nigeria’s energy and extractive industries.

The award was presented to Kyari, a Fellow of the NMGS, during the Dinner and Awards Night held at the end of the Society’s 60th Annual Conference and Exhibition in Abuja on Wednesday. The event brought together key stakeholders, policymakers, and industry leaders to celebrate excellence and innovation in the mining, energy, water, and construction sectors.

NMGS Conference Highlights Transformation & Innovation

The two-day conference, themed “Transformation of the Mineral, Energy, Water, and…

Read More
Business Culture

Chibueze Iwuoha: Balancing Passion and Profession in 2024

post-image

In a remarkable tale of passion and perseverance, Chibueze Iwuoha, a Marketing Analytics Manager at Guinness Nigeria, successfully carved out a space for himself in the music scene while excelling in his corporate career. His journey from a private music enthusiast to a recognized DJ in Lagos’ entertainment scene is a testament to the power of determination and self-belief.

For years, music had been a central part of Iwuoha’s life, but DJing remained a personal passion he never fully explored. That changed at the beginning of 2024 when his colleagues at Guinness Nigeria encouraged him to take his talent more seriously. Their unwavering support ignited a long-dormant fire, inspiring him to embrace his love for music while continuing to drive impact in the corporate world.

“By day, I was providing insights, solving problems, and driving impact in the workplace. By night and on weekends, I was behind the…

Read More
Business Culture Economy Energy

Nigerian Women in Oil and Gas Leadership Development Programme Records Resounding Success

post-image

The second edition of the Nigerian Women in Oil and Gas Leadership Development Programme has been hailed as a major success, reinforcing the growing demand for leadership training among female professionals in the sector. The programme, sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by Lagos Business School (LBS), witnessed an overwhelming response, with over 300 applications submitted within just 72 hours, forcing an early closure of the application window.

Alero Onosode, HR Executive, Business and Leadership Coach, and Diversity & Inclusion advocate, described the programme as inspiring, highlighting its impact on female executives in the oil and gas industry. “I was privileged to meet 35 exceptional female executives as they sharpened their leadership skills and strategic focus. Their drive and the impact they are already making in the sector are highly encouraging,” Onosode stated.

The intensive programme provided participants with the critical skills…

Read More
Business Culture Economy Finance

CBN Governor Advocates Stronger Economic Ties at AlUla Economic Policy Conference

post-image

 The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called for stronger economic ties between Nigeria, the Middle East, and the Nigerian diaspora community in the region. His remarks came during the inaugural Economic Policy Conference for Emerging Market Economies, organized by the Saudi Arabian Ministry of Finance and the International Monetary Fund (IMF) Regional Office in Riyadh.

Speaking on the theme “Policy Challenges Amid Structural Shifts in the World Economy,” Governor Cardoso highlighted Nigeria’s ongoing economic reforms and the CBN’s unwavering commitment to macroeconomic stability. He emphasized the importance of policy consistency and long-term resilience in fostering sustainable economic growth.

A key focus of his address was the role of…

Read More
Business Culture Economy Education

Peter Obi Visits Indonesia, Advocates Learning from Global Success Stories

post-image

 Nigerian presidential hopeful Peter Obi has emphasized the need for Nigeria to adopt proven development strategies, drawing inspiration from Indonesia’s economic and social progress. Obi recently embarked on a five-day study trip to Indonesia, engaging with top stakeholders on critical areas such as security, education, healthcare, and poverty alleviation.

Reflecting on Nigeria’s economic trajectory compared to Indonesia, Obi highlighted the stark contrast in progress over the past two decades. In 2004, Indonesia’s per capita income stood at $1,136, slightly ahead of Nigeria’s $963. However, by 2024, Indonesia’s per capita income has surged to approximately $5,000, while Nigeria’s remains at around $1,000. Likewise, Indonesia has improved its Human Development Index (HDI) from medium to high, while Nigeria still lags in the low category.

“Indonesia now has 98% health insurance coverage, while Nigeria has less than 10%,” Obi pointed out, emphasizing the urgency of adopting…

Read More