Nigeria can produce Gold Reserves for African Countries


Converting Ajaokuta Steel Company to a gold company would involve a significant change in its operations and focus. While Ajaokuta Steel Company was originally intended to produce steel, converting it to a gold company would mean repurposing the infrastructure and resources for gold mining and processing. However, it's important to note that the Ajaokuta Steel Company is specifically designed for steel production and may not be optimized for gold extraction.

That being said, here are a few potential benefits of such a conversion:

Economic diversification: Nigeria, where Ajaokuta Steel Company is located, has traditionally relied on oil as its primary source of revenue. Diversifying the economy by entering the gold mining industry could provide an alternative income stream and reduce dependence on a single commodity.

Job creation: The conversion to a gold company could potentially create new employment opportunities, both in mining and processing of gold. This could help alleviate unemployment and boost the local economy by providing job opportunities for the surrounding communities.

Export earnings: Gold is a valuable commodity in international markets, and Nigeria has significant untapped gold reserves. Converting Ajaokuta Steel Company to a gold company could enable the country to exploit its gold resources and generate export earnings, thereby contributing to foreign exchange reserves.

Technology and skill transfer: The gold mining industry requires specialized knowledge and expertise in exploration, mining techniques, and processing. Converting Ajaokuta Steel Company to a gold company could bring in new technology and skills related to gold mining, benefiting the local workforce and potentially fostering knowledge transfer and technological advancements.

Infrastructure utilization: If the infrastructure and facilities of Ajaokuta Steel Company can be repurposed for gold mining and processing, it could lead to efficient utilization of existing assets. This could potentially reduce costs and expedite the establishment of the gold mining operations.

It's worth mentioning that the decision to convert Ajaokuta Steel Company to a gold company would require careful evaluation of various factors, including market demand, resource availability, infrastructure suitability, and economic feasibility. Additionally, environmental considerations and regulatory frameworks related to gold mining would need to be taken into account to ensure sustainable and responsible mining practices.


That said,
Steel can be a by-product, Gold is simple to produce
Railway tracks can be produced cheaply

Ajaokuta should be permanently closed. Hasn’t worked, can never work. Gold company my foot

ednut1:
Ajaokuta should be permanently closed. Hasn’t worked, can never work. Gold company my foot

Steel has to be produced for specific use
but Gold is just Gold

Nigeria can buy gold dust soil from Ghana and Uganda or trade for Crude or Refined Oil

plus

Nigeria has Gold

Nigeria is known to have gold deposits in several states.
Here is a list of some states in Nigeria where gold has been discovered:

Zamfara State: Zamfara is known to have significant gold deposits, particularly in the Anka and Maru areas. Artisanal and small-scale gold mining activities are prevalent in this state.

Kebbi State: Kebbi is another state with notable gold deposits. The Segilola Gold Project, located in the Iperindo area of the state, is one of the largest gold mines in Nigeria.

Niger State: Niger State is known for gold mining activities, particularly around the town of Tsohon Birnin Gwari.

Osun State: Osun State has gold deposits in various locations, including Itagunmodi, Igun, and Iperindo.

Kaduna State: Gold has been discovered in parts of Kaduna State, specifically in areas such as Birnin Gwari and Lere.

Sokoto State: Gold mining activities have been reported in parts of Sokoto State, particularly in the Goronyo and Yabo areas.

Kwara State: Some gold deposits have been found in Kwara State, notably in areas around Malete and Tafida.

Kogi State: Kogi State is known to have gold occurrences, with exploration ongoing in different parts of the state.

forget that nonesense program,set up by your enemies....

who developed that nonesense Chat GPT....??
not the same sons and daughters of bittches that enslaved and colonized you....??

you should be hatin anything and everything that comes from them....

develope your own ai and feed it with your own black informations....

Will it yoeod profit?
FG creating companies that look moribund from inception.
Kaduna refinery, Ajaokuta steel, railway, Chad basin etc. All not working well.