https://www.youtube.com/watch?v=Fz95E5Qovx8

Nigeria’s President Muhammadu Buhari on Thursday received the country’s first artisanally- mined gold. ⁦

“With the implementation of the PAGDMI scheme which will result in the set-up of accredited gold buying centres across key mining areas, artisanal miners and SMEs engaged in mining will be able to capture the value of their work,” Buhari said on Thursday.

“These operations will help in diversifying our revenue base.”

Buhari said the sale of gold by artisanal miners and SMEs at accredited centers will help the government in realising royalties and taxes from the sale of these assets.

He said these developments will also help in improving our foreign reserves by enabling the Central Bank of Nigeria to increase the amount of gold in its reserves.

The artisanally-mined gold was processed and refined according to the London Bullion Market Association (LBMA) standards.

CBN has now purchased the 12.5kg bar of gold at the rate of N268 million for use as part of Nigeria’s external reserves, with a cheque presented a Cheque for that amount to the Presidential Artisanal Gold Mining Development Initiative

PAGMI is a comprehensive artisanal and small-scale gold mining development programme, launched in 2019 to foster the formalization and integration of artisanal gold mining activities into Nigeria’s legal, economic, and institutional framework.

Buhari approved PAGMI in 2019 to address the issues of illegal smuggling of gold out of the country and foster the integration of artisanal gold mining into the formal system.

The initiative was designed to integrate social, environmental, health and safety, economic, commercial, and technical considerations, into its implementation.

It was also signed as a broader strategy to address the structural and institutional factors such as rural poverty, lack of alternative livelihoods, and difficulties in meeting legal and regulatory requirements that tend to push artisanal gold mining operators deeper into the informal economy.

The main gold producing belt with history of artisanal workings and exploration activities in Nigeria will benefit from PAGMI.

Intervention at artisanal mining sites will take place in Kebbi, Kaduna, Zamfara, Niger, and Osun states with Kebbi and Osun States serving as the pilot states.

SOURCE: https://guardian.ng/news/buhari-receives-nigerias-first-artisanally-mined-gold/

Good one

First Mined Gold
ABI first publicised mined Gold

Hmm
This is a good development. I'm really impressed.

I just hope there are structural frameworks to ensure this remains an avenue to enrich the country and make our economy comparatively competitive within the global play field rather than a channel for theft and further corruption.

Good job. The president is working. Don't attack me.

Btw, with the formalization of mining, how can i get into the business? It's seems juicy.

Damnnnnn niggarrr
Isoright

God bless buhari my real niggarrr


As i read this article finish....I just dey reason better bombing format from this article..let me light up my weed and drink my Heineken to give me inspiration

Sweet heart.... during our operation in Islamabad we saw 12.5kg bar of gold at the rate of N268 million dollars or rather worth 268 million dollars...you know we can't keep it...so am sending it down through courier shipping service...I will give you the tracking details....and the shipping company website for tracking

I'm sure he was shocked by this development

Ok

Artisans from China or our locals?

God bless the North.

Fear North.

tired of this country o

Soon to be looted gold? No be Naija we dey?

Another opportunity for rich the and mighty to milk the nation in their usual manner.

This will not reduce the price (gold) jewelry in the market.

Nice development.

I hope they won't use this as a platform to loot again

Where is the Gold Sef!!!

this is a good move by the government we can't always depend on oil

Trimque2k1:
tired of this country o

waka commot now, u beg u to stay. me too tire for 16 years of failure. but i still.dey

Ok

Media / audio mining

Awesome development, eshun

Bighead9:
God bless the North.

Fear North.

God bless the President

Goldp5988:
Good one

very very good

Another chopping way for the utterly corrupt leaders

Haven't the Chinese and North Koreans been secretly mining our gold in Nigeria for years?

Bighead9:
God bless the North.

Fear North.

take it easy with your demo monikers