Home Business & Economy Gold Prospecting: Niger Enters Partnership With Private Sector

Gold Prospecting: Niger Enters Partnership With Private Sector

Niger State Governor,Sani Bello


For its array of gold deposits across different regions of the state, Niger State Government has said that it has entered into partnership agreement with a gold mining firm for the exploration.
Niger State is one of the states with gold deposits believed to be in large deposits fit for commercial exploration.
Commissioner for Mineral Resources, Daniel Kolo said as part of the state’s determination to diversify it’s revenue income base, it was seeking for ways to open up other possible areas to generate income to the state.
The commissioner spoke while briefing newsmen at the Government House, Minna on the heels of the state %s weekly cabinet meeting.
Kolo added that the government will continue to seek for private sector players as it’s doors remain open to willing investors who could assist in the economic development of the state.
The commissioner said the present administration in the state was determined to open up more income generating bases to take the state out of its dependence on statutory financing adding that the administration was mindful of the dwindling traditional revenue base and the need to quickly change the narrative.
In another development, the state government has announced it was sourcing for =N=1.5  billion credit facility from the Central Bank of Nigeria, (CBN) for it’s Accelerated Agricultural Advancement Development Scheme, (AADS).
The scheme is targeting ten thousand women and youth from across the state and for the advancement of three selected food crops with high yields in the state. The beneficiaries of the loan scheme must be between 35 years and 18 years of age.
The food crops are rice, maize and soya beans whose productivities are to be enhanced for more value chains benefits.
Commissioner for Livestock and Fisheries, Haruna Dukku, said the AADS scheme of the CBN which began in 2018, has been helpful to some beneficiaries in the state from where  the state had initially drawn the first batch of N600 million earlier.
He explained that the fund was meant for the infrastructural development in agriculture and to engender greater utilisation and productivities in value chains of the targeted crops.



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