The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, has said the Federal Government should explore the Public-Private Partnership to exploit the potential in the nation’s mining industry.
This was contained in a statement signed by the Director-General of NACCIMA, Ayoola Olukanni, a copy of which was made available to our correspondent.
The association which commended the Federal Government’s launch of the Presidential Artisanal Gold Mining Development Initiative, which would formalise and integrate artisanal gold mining activities.
NACCIMA also described the move as truly laudable and that it would deploy safer and more efficient mining and processing technologies across artisanal mining locations across the country, with focus on states which are endowed with vast gold deposits.
NACCIMA sees the presentation, by President Buhari, of the 12.5kg Gold bar reportedly worth N268million to the CBN Governor for the nations reserves, as a visible evidence of the potentials, to significantly scale up contribution of the Nigerian Mining Sector, to the economy.
It added that considering the humougous potential of the sector to the economy, the association had already keyed into the initiative.
It stated, “The association views PAGMI as a bold initiative and concrete step, to truly diversify the economy by tapping fully into the mining sector.
“We advise the government to encourage the private sector through various incentives to play its role in this direction and Chamber members of NACCIMA are poised and ready to do their part including through Public-Private Partnership.
“As a national Chamber with focus on the mining sector as one of the priority areas of its operations, NACCIMA has commenced steps to be part of the initiative.
“We are also encouraging Chamber members, especially those in the gold mining states identified for the pilot scheme namely; Kebbi, Osun, Kaduna, Zamfara and Niger states to key into the scheme.”
NACCIMA further reiterated that sector if well harnessed could generate about 250,000 jobs and over $500m in taxes and royalties.
It added that if vigorously pursued, the activities in the mining sector could grow exponentially and contribute as much as $27bn to the Gross Domestic Product by 2025 as envisioned under the 2016 Road Map for the mining sector.