Gold Price Per Ounce - $ 1,219.13

Gold Price Per Kg - $ 39,195.94

Nigeria loses 100kg of gold daily to illegal miners – Fayemi (30,000kg monthly)





April 3, 2016 Press Release

The Minister of Solid Minerals Development, Kayode Fayemi, has challenged security agencies in the country to come up with technology that could be deployed to track the use of explosives for which permits were given in the country.

The minister who disclosed that part of his tasks as minister in charge of solid minerals development is to sign explosives permits for use in quarries and mining sites, said it is important to also track their use as part of efforts to curtail activities of insurgent groups and violent crimes in the country.

Mr. Fayemi who spoke as a guest lecturer at the National Defence College, Abuja on Friday, said there should be a technological approach to tracking the use of explosives by those who sought and obtained permit for its use so that it does not end up in the hands of those who would use it for criminal purposes.

The Minister also assured the gathering that the President Muhammadu Buhari’s administration is committed to ensuring that the Ajaokuta Steel company works, in order to boost the country’s technological development.

“This will also help us in the areas of arms and ammunitions. And the defence industry will also benefit from this when we get it right”, he added.

The Minister who spoke on “Solid Minerals and National Development in Nigeria”, lamented that the country was losing a lot to illegal mining activities, being carried out by some citizens aided by some foreigners.

He said the ministry was collaborating with relevant security agencies to ensure that the ugly trend is stopped.

Specifically, he pointed out that about 100 kilogramme of gold leaves the country everyday without any record, adding that there is need to deploy technology, build capacity of staff of the ministry and get the required assistance from the security agencies to check the situation.

He disclosed that part of the efforts of the ministry is to also educate security agents on how to identify these minerals.

“Many of them do not recognise these minerals. So, in most cases they do not know the value of what the person is taking out illegally.

“so we are partnering with security agencies, the customs, immigration, police, civil defence, to assist us.

http://www.premiumtimesng.com/news/more-news/201196-nigeria-loses-100kg-gold-daily-illegal-miners-fayemi.html

The government should tighten up security.

Ah. Fayemi. You are alive. We thank God. Welcome back from the invincible cabinet.

jerseyboy apost=44408166:
Ah. Fayemi. You are alive. We thank God. Welcome back from the invincible cabinet.

tell me any visible minister from your region. second class region

Seriously, I don 4get say Fayemi dey among our ministers sef.

JKF but why
We've not heard from u since u were made minister, even if na lies and propaganda u go dey talk like Lie Mohammed, just dey talk am make we dey feel u too (even tho u fit no perform)

I av come to realise also that all the ones that performed well during the ministerial screening are now finding it difficult to perform in reality... God help us o

Toosure70:
tell me any visible minister from your region. second class region

ur comments seems to be tribalistic, grow up man.

Smh. I guess he's referring to those illegal Chinese gold miners and their Nigerian co-conspirators at Osun state. To think that some people somewhere are feeding fat on such illegality. Gov't needs to do more to arrest the situation coz it's unacceptable. We are talking multiple billions of naira worth of gold being smuggled out of this shores unaccounted for every month!

Fayemi what measures have you put in place to stop illegal mining? How him take know say na 100kg miners dey mine daily? Just curious

Tunami:
ur comments seems to be tribalistic, grow up man.

then tell me how visible of the last 16years solid mineral minister?

Toosure70:
then tell me how visible of the last 16years solid mineral minister?

i knw you're right but there are tribalistic words in the comment.

Fayemi....... You suppose keep this your discovery till this fuel saga. You guys have given us to much to battle with, and you still want us to join this your discovery with it abi.

zamfara state and illegal gold mines

NewsPoacher:
Gold Price Per Ounce - $ 1,219.13

Gold Price Per Kg - $ 39,195.94





Read complete article at:

http://www.premiumtimesng.com/news/more-news/201196-nigeria-loses-100kg-gold-daily-illegal-miners-fayemi.html


Lalasticala, Mynd44.

YOU SHOULD START WORK AND STOP TALKING.

.

Since wen did it start, hon. Minister

2boiz:
Seriously, I don 4get say Fayemi dey among our ministers sef.

JKF but why
We've not heard from u since u were made minister, even if na lies and propaganda u go dey talk like Lie Mohammed, just dey talk am make we dey feel u too (even tho u fit no perform)

I av come to realise also that all the ones that performed well during the ministerial screening are now finding it difficult to perform in reality... God help us o

Apart from Kachikwu, Adeosun and Fashola.. Which other ones dey talk??

Every thing for naija don follow join skyrocket

'Wealth of Nation' all in private pockets.

Most ministers signed by Buhari administration are just figurehead. We only get to hear them during screening, since then, they have gone into obscurity.
They Include


Lie muhamed

Rotimi Ameachi


Iya Taraba


Fayemi.


Just to mentioned few

Just shut up & get down to work.

nonsense people

The mining industry has been poorly regulated.

The govt could seriously begin to regulate this industry.....especially the illegal miners.

Sharp Guy... Boys r not smiling..

Na wah


Yes we already knew. There are thieves everywhere. Just do us a favor please...

Get them and throw them into jail... If you got the nerves, that is.

Enough of endless trial and investigation.

englishmart:
gold me diamoni in?
Hahahahahaha. I laugh in ipob language

There are gold deposits in the North...eg Zamfara state.

I know because several years ago...there was a report on NTA about how the water sources in one Zamfara village were being poisoned by lead...a by product of gold mining.

Considered serious by the then govt to send a high powered delegation down there.

Modified:

Here is why the Minister is talking:

http://www.businessweek.com/investor/gold_boom/graphics/nigeria/

What are u doing about it FAYEMI?

We should put more effort and attention on other minerals attention of jst oil. I no even remember say we get gold.

Toosure70:
tell me any visible minister from your region. second class region

To some mofos on here, everything must be tribalized.. Too much bigotry and childishness in this country and still they expect the country to progress..

Is that news? didnt the ooni of ife openly confess to have illegally mined the gold he wears. inshort he said it as though he wasnt aware it is a crime. here is an extract

“The beads that I am wearing, I went as far as Benin Kingdom to go an exploit the beads. People don’t wear it any longer but it is made in Nigeria and I am proud to say it. The gold in between it, I took it from Mokuru waters in Ife and it is one of the most purified gold in the world. It is a 23.9 karat gold, raw. We just decided to do surface mining."-Ooni of ife

source: http://www.channelstv.com/2016/02/07/nigeria-beyond-oil-ooni-of-ife-says-ifes-gold-needs-exploration/

the problem is the federal govt has not made serious effort to mine minerals and allocate them to companies who would pay... thus it is a free for all show right now, I bet if it were oil or the nigerdelta they would have sent in soldiers to rape and kill.

Everybody is focused on illegal oil bunkery in SE, SS while attention is diverted from serious illegal mining in d north.