₦airaland Forum

There was this post today about IGR and the amount northern nigeria generated with the resultant of heavy dependence on oil money. So I kept wondering whether there is no worthwhile mineral in the north apparently there is Gold. why nobody ever speaks of It I don't know,this year a nairaland user with the moniker shaarchris created a thread with ref to punch about 8trn lost in 2yrs to illegal gold mining but the post just died like that. So I checked the net and found some articles about nigerian gold with one in particular by the leadership http://leadership.ng/business/415308/gold-mining-could-become-nigerias-economic-mainstay

when reading the article alhaji shehu sani nigerian miners president gave lack of information as the reason for lack of foreign investment in gold production but in retrospect when it comes to exploration of oil there is always enough information
Countries like S.A earn healthy profits from gold,why can't we look beyond oil or is it because gold is found in the North?

Cc : lalasticala ,ishilove

well composed. nice info op

nairalandmaster:
well composed. nice info op

Thanks it just pains me,oil keeps going down and yet we are still going bunkers literally over it

But Nigeria that has undergone majority northern rule currently earns zero from gold just like other minerals in the south.
All these theories and defence mechanisms will not increase prosperity for the north. The south too has minerals that are lying completly fallow.

Yanks101:
But Nigeria that has undergone majority northern rule currently earns zero from gold just like other minerals in the south.
All these theories and defence mechanisms will not increase prosperity for the north. The south too has minerals that are lying completly fallow.

When oil is finished,they have a major mineral to fall back on..what do the south have,we should have true federalism

tzoracle:
When oil is finished,they have a major mineral to fall back on..what do the south have,we should have true federalism

If you actually believe this, then you really don't know why the north is poor.
Infact the north gets the largest allocation from the oil, while the south-east gets the lowest. So the north is benefiting the most from southern oil.
Even if the north begins gold export and southern oil finishes, with the current idealogical backwardness in the north, the south would always remain richer.

Yanks101:
If you actually believe this, then you really don't know why the north is poor.
Infact the north gets the largest allocation from the oil, while the south-east gets the lowest. So the north is benefiting the most from southern oil.
Even if the north begins gold export and southern oil finishes, with the current idealogical backwardness in the north, the south would always remain richer.

Bro,I'm just tired. Let them split us up like the uk shikina

What d poster above me wrote is unpatriotic, poor and empty of an intellectual mindset.
Please refrain from such arrogant display of ineptitude.
There's wisdom in silence!

I doubt there's anywhere in the world where govt involves itself directly in d mining industry. U only encourage investors by creating enabling environment so the inbestor can pay revenues and employ ur teeming youths.

What obtains in the North is a few companies without mining intentions or poor financial capacities apply for licences over the said areas with as little as less than a million naira and beautiful proposals, then obtain the license and sit back waiting for a foreign company to come and buy same site or sign MOU worth 10 million and above for what was obtained at far lesser amount.

In this regard, very few coys show up and what u see is a proliferation of illegal miners exploiting these sites. Or worst still the foreigners are told most sites av bn obtained and fall victim of fraudsters who sell worthless sites to potential investors. Not to mention the bureaucracies in obtaining such licences.

U only mentioned gold...what about gems; tourmaline, rutile, amethyst, beryl,etc then for industrial minerals; tantalite, gypsum, talc, wolframite, manganese, galena, silica sand, limestone, etc the list is lenghty

Government needs to do alot in checking the bottlenecks listed above, create a secure and conducive environment for potemtial investors, cos in the long run the government is the ultimate beneficiary.

Galadima from Minna
Concerned Geologist

galadima77:
I doubt there's anywhere in the world where govt involves itself directly in d mining industry. U only encourage investors by creating enabling environment so the inbestor can pay revenues and employ ur teeming youths.

What obtains in the North is a few companies without mining intentions or poor financial capacities apply for licences over the said areas with as little as less than a million naira and beautiful proposals, then obtain the license and sit back waiting for a foreign company to come and buy same site or sign MOU worth 10 million and above for what was obtained at far lesser amount.

In this regard, very few coys show up and what u see is a proliferation of illegal miners exploiting these sites. Or worst still the foreigners are told most sites av bn obtained and fall victim of fraudsters who sell worthless sites to potential investors. Not to mention the bureaucracies in obtaining such licences.

U only mentioned gold...what about gems; tourmaline, rutile, amethyst, beryl,etc then for industrial minerals; tantalite, gypsum, talc, wolframite, manganese, galena, silica sand, limestone, etc the list is lenghty

Government needs to do alot in checking the bottlenecks listed above, create a secure and conducive environment for potemtial investors, cos in the long run the government is the ultimate beneficiary.

Galadima from Minna
Concerned Geologist

unlike some rather than see d light they would attack me,more success to you in ur life and chosen profession

tzoracle:
unlike some rather than see d light they would attack me,more success to you in ur life and chosen profession

Wish u same, thank you.

galadima77:
I doubt there's anywhere in the world where govt involves itself directly in d mining industry. U only encourage investors by creating enabling environment so the inbestor can pay revenues and employ ur teeming youths.

What obtains in the North is a few companies without mining intentions or poor financial capacities apply for licences over the said areas with as little as less than a million naira and beautiful proposals, then obtain the license and sit back waiting for a foreign company to come and buy same site or sign MOU worth 10 million and above for what was obtained at far lesser amount.

In this regard, very few coys show up and what u see is a proliferation of illegal miners exploiting these sites. Or worst still the foreigners are told most sites av bn obtained and fall victim of fraudsters who sell worthless sites to potential investors. Not to mention the bureaucracies in obtaining such licences.

U only mentioned gold...what about gems; tourmaline, rutile, amethyst, beryl,etc then for industrial minerals; tantalite, gypsum, talc, wolframite, manganese, galena, silica sand, limestone, etc the list is lenghty

Government needs to do alot in checking the bottlenecks listed above, create a secure and conducive environment for potemtial investors, cos in the long run the government is the ultimate beneficiary.

Galadima from Minna
Concerned Geologist

Good suggestion !but I doubt the 8 trillion Naira figure quoted in his statements .