The Federal government yesterday raised hopes of a major break-through in the country's effort developing alternative mineral resource  aside
from oil and gas, when it revealed the discovery  of gold to the depth
of 3,000 meters with an estimated two million ounces in the Western
part of Nigeria.

The Minister of Mines and Steel Development, Mrs. Diezani Alison-Madueke who disclosed this at the presentation of
the World Bank-sponsored Nigerian Airborne Geophysical Survey Data
phase II in Abuja, said the import of the latest development is that
Nigeria may well be on her way to joining  countries like Ghana in
supplying gold to the world market.
According to Madueke, a  coring done last year by the small mining companies, to the depth of 3,000
meters, has proved more than 300,000 ounces, with 2 million ounces
estimated,

“ The importance of this fantastic piece of news is probably best appreciated within the context of the knowledge  that
Nigeria has gold schist belts in the western half of the country that
are very similar to those of Ghana”, she said.
She said  surveys have shown that Nigeria is richly endowed with a range of solid
minerals which if properly managed and exploited may in the near future
become the engine of our national economic growth.

She said the Ministry has decided to place special focus on seven of the minerals
which includes,  bitumen/tar sand with estimated reserves of 27bn
barrels of oil equivalent, coal (2.7 billion tonnes), iron ores (3
billion tonnes), limestone (2.23 billion tonnes), barytes (14 million
tonnes) and lead/zinc sulphides one million tonnes) .

Madueke described the completion of the geophysical survey phase II as
something that would facilitate  mineral exploration, ground water
prospecting, pollution and geo-hazard monitoring.

“The survey also measures the Digital Elevation Model (DEM)  and Shuttle Radar 
Topographic Mission (SRIM) which provide detailed information on
terrains, vegetations, landforms, settlements, roads and drainages. 
The data is therefore extremely useful in security   surveilance and
development planning”, she said.

The Minister further said plans are underway geological, mineral and geo-chemical mapping of the
country with a view to providing all the necessary data  needed  to
adequately tap the mineral resources to our economic advantage.

She said the Ministry is putting in place a genstone certification process,
adding that it has reached aggreement with internationally renowned
Nigeria-born Jeweler to design a Jewelry line, using exclusively
Nigerian gemstones.

This line of Jewelry will be launched for the international and domestic market in March this year, she said.

Earlier, the geologist involved in the preparation the survey data, Prof.
Collins Reeves said a mechanism will be put in  place to enable
interested scientists to study, interpret and analyse the geophysical
survey data and that the outcome of their study will be made public
next year.

He said the experience of Brazil could be helpful in Nigeria quest  for effective utilization of solid mineral resources.

Source: This Day

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Congratulatory news or commiserating new? It's obviously a good news for the country, but one which is capable of:
1. Devastation and negligence of local communities where it has been discovered.
2. Call for even more disunity or the discarding of the Nigerian entity for regional breakaway.
3. Most important: negligence of vital sustainable development in agriculture, manufacturing and production sectors.

In essence, let us learn from the woes of our oil discovery and take appropriate steps now for the unity and progress of Nigeria.

Once again, congrats to Nigeria and hope a lot of effort is also made to discover resources in other parts of the country and hopefully a structured and planned agenda for exploration over a long period of time, so that we do not use up all our resources at a time, otherwise we would have achieved the title of a wasteful and greedy generation.
WOW, I guess we now know where the next community war will take place. Sincerly, I don't think its good news as this is a country with issues on management. A country where even the lucrative sport ( football ) still depends on government funds. A country so poor in management; ghost workers get paid bonuses and enjoy benefits of staff.
With all aspect of the nation having issues (including the rebranding process) I dont think we need to harness more resources.
Truth is, with what we have seen of the happenings in the Niger Delta, the West should not shout Halleluyah because the same occurence awaits them. What I will however state is that the FG should hands off from this and let the state take care of whatever resources discovered. In that way, the people is the communities where whatever resources is discovered will not have to travel too far to hold their leaders in the jugular if there is any reason to do so (you know what I mean). This is the time for people of the South to affirm their stand for the agitation for resource control.
Stale news from the Minister! Gold has always been in Nigeria and the Ministry of Solid minerals had always known this. My little geology taught me that Ilesha and Niger State has Gold and some other states.
Nice piece.But we will be facing two things as usual improper accounting of the accrued revenue and a community upsurge in the place where the gold has been located.I bet you this is no different from the Niger Delta Syndrome.So it only adds to the woes and does not alleviate the stress on the average joe.
WISH IT'S NOT TRUE.THAT DISCOVERY WILL HELP SET NIGERIA 50 YEARS BACK.NIGERIAN'S ARE CREATIVE AND INVENTIVE BUT OVER RELIANCE ON MINERAL RESOURCES HAVE CREATED A VERY NEGATIVE SITUATION WHERE THE DEVELOPMENT OF HUMAN CAPITAL AND TECHNOLOGY HAS TAKEN A BACK BURNER IN THE NATION'S PRIORITY.
well,its good news,but Nigerians should be skeptical of how it could benefit it.nigeria could become a better if the neo-discovery is properly utilized by the right occupants in certain postions...
My sister, thanks for the info. But I think this is one of the strategies used by Nigerian leaders to divert our attentions to the most critical moment that we are. This is the characteristic of Nigerian leaders. I am saying this because right from the time I was in my secondary school, I learnd in my social studies that gold resides in some parts of the western Nigeria. So I think we should not call it a news now but what our politicians normally use as their trick to get our attention diverted to some areas. If you doubt me, Just keep quiet and investigate from now to the next 15years. Nigeria will not invest in research institutes on how to develop the mining and utilization process of this gold. Do not forget this date. Do not forget my name, Do not forget my argument. Our gold has been there. They only want to shift us from Obama-MutaLAB, Anambra feb6 election, abscense of Yaradua and the impasse in the jos. Note that in each case, they have their altirior motive.
tht
Old fact. No news. Good news. Bad news.

Anybody who had lived in the old Oyo State, as i did, would find the news stale. We've always known about the presence of gold in Ilesha. So it isn't any news to the hear. The new facts are statistics about quantity and quality.

Good news because Nigeria would now have an opportunity to diversify the mono-culture economy that has unduly relied on oil wealth. May more money to the Federal Government. But who killed all the other wealth-bearing opportunities: groundnut, rubber, cocoa, etc?

Bad news. Hope the gold-producing area won't be turned to another battlefield birthing its own freedom fighters, militants and criminals. May be a new Gold Producing Area Development Commission (GOPADEC) that will 'develop' the commissioners and their godfathers first. Another battle for derivation fund and debate about fiscal federalism.

Bad news. May be more money for the corrupt leaders for whom all roads lead to their pockets.

I think Nigeria will do better by building a knowledge economy rather than the reliance on the extractive industry. God bless Nigeria.
The typical Nigerian Elitist Citizenship that will sing Negativity and do nothing but be pessimistic. What should we do POSITIVELY SHOULD BE THE QUESTION IN OUR MINDS.... AND THEN WE ANSWER THEM ON THIS FORUM.

Tajudeen Alabede said:
Old fact. No news. Good news. Bad news.

Anybody who had lived in the old Oyo State, as i did, would find the news stale. We've always known about the presence of gold in Ilesha. So it isn't any news to the hear. The new facts are statistics about quantity and quality.

Good news because Nigeria would now have an opportunity to diversify the mono-culture economy that has unduly relied on oil wealth. May more money to the Federal Government. But who killed all the other wealth-bearing opportunities: groundnut, rubber, cocoa, etc?

Bad news. Hope the gold-producing area won't be turned to another battlefield birthing its own freedom fighters, militants and criminals. May be a new Gold Producing Area Development Commission (GOPADEC) that will 'develop' the commissioners and their godfathers first. Another battle for derivation fund and debate about fiscal federalism.

Bad news. May be more money for the corrupt leaders for whom all roads lead to their pockets.

I think Nigeria will do better by building a knowledge economy rather than the reliance on the extractive industry. God bless Nigeria.
i love your post, i think we need more of this

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