NewsExpress advert Yudala banner
Swiss firm is to commence diamond mining in Adamawa

By News Express on 13/11/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,163


The mining of solid minerals including Diamond, Gold, Bitumen and Barite in Adamawa by a Swiss firm is to commence in December.

The state Commissioner for Solid Mineral Resources, Ms Shanti Shashi, made this known Saturday in Yola at the 4th Adamawa Community Dialogue organised by an NGO, the Adamawa Community Advancement Initiative (ACAI).

Shashi said the Swiss firm, BTP Swiss Sovereign Asset, and the Adamawa Mining Company would be involved in the mining of seven minerals comprising diamond, gold, zinc, bitumen, barite, uranium and platinum in the state under a three-year agreement.

Shashi also said that the state government, which was committed to taping its solid mineral resources, had already acquired 12 mineral exploration licenses from the Federal Government.

She noted that Adamawa State was blessed with numerous solid mineral deposits which had placed the state far ahead of other states in terms of explorations.

“Adamawa is the most organised state as far as solid minerals is concern. We have gone far in talks with Dangote Group on Guyuk Cement factory.”

She lauded ACAI for organising a stakeholders’ dialogue and assured of the state government’s commitment towards the project.

The commissioner noted the theme of the stakeholders dialogue ‘Adamawa Without Oil Money: Meeting The Challenges of Sustainable Development Through Agriculture and Solid Minerals Resources Development,’ was timely.

In his paper, ‘Economic Diversification through Solid Mineral Resources Development:  The Adamawa State Prospects,’ Prof. Saidu Baba, lamented the long years neglect of agriculture and solid minerals which used to be the mainstay of the nation’s economy.

“Why we are in recession is because the money we realised from oil sector was not utilized to develop other sectors like solid minerals and agriculture.”

He noted that Adamawa has the mineral resources to generate revenue, as SWOT analysis had proven that limestone, coal, gypsum, baryte, clays and granite were deposited in large quantity in the state.

“It is therefore recommended that the state government should consider well-organised and coordinated investments in these minerals, advisably through joint venture programmes as it is done in the oil and gas sector.”

In his remark, the Convener of ACAI, Mallam Bashir Ahmad, said the annual dialogue  was meant to serve as a platform for Adamawa citizens to come together and discuss challenges of good governance and sustainable development in the state.

Ahmad said the current recession and the dwindling monthly allocation from the Federation Account and with a population of over three million, the state had no option than to diversify to meet its obligation to the electorate.

“We must create immediate alternative sources of revenues to fund our developmental programmes since monthly allocation, which comes mainly from oil money, can hardly pay the monthly salaries.” (NAN)

 

Source News Express

Posted 13/11/2016 04:45:08 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
End of the road for star performers Brenda...

UN reveals fresh offensive to defeat Boko Haram...

Resident Doctors strike grounds FMC Yenagoa •Other unions...

Buhari’s return: A nation’s hope fulfilled, says Tinubu...

FG takes delivery of 2 standard gauge locomotives...

Residents turn watchmen as robbers terrorise Iyana Ipaja...

Sunny, hazy and cloudy weather expected across the...

Senator Kanti Bello dies after brief illness

NiMET forecasts cloudy condition and thunderstorms today in...

36,000 police officers to attend promotion courses in...

Customs, cargo agents in free-for-all at Lagos airport...

Today’s Weather: NiMet forecasts rains over Benin, Owerri,...

 

Latest News Zuma’s exit: A lesson in party supremacy US speeds up relocation of embassy to Jerusalem, fixes new date Britain offers to help rescue abducted Dapchi schoolgirls Ozubulu Church Massacre: Unknown people threatening my life — Witness Dapchi Girls: Hold Presidency responsible for abduction — PDP •Accuses FG of lying to Nigerians APC crisis: Oyegun meets Buhari over Tinubu’s outburst Woman rescues preteen from kidnap attempt by pretending to be girl’s mother NBTE accredits 11 colleges in Anambra •Govt. prepares to recruit retired teachers Lagos Neighborhood Security arrests 6 cult members for rape Yobe Attack: FG has failed to learn from Chibok — BBOG Presidency confronts Transparency International over poor marks for anti-graft crusade Air safety: Reps to audit all registered aircraft in the country

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (326,723 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (318,633 views) Shameless Genevieve Nnaji exposes breasts in public (255,343 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (209,433 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (195,028 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (188,099 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (163,840 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (147,091 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,626 views) Lagos plane crash: Journalist releases victims’ names (129,877 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (128,483 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (123,417 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,906) Business Verdict (34) Columnists (806) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (446) Features (549) Global Business Monitor (226) International (1,805) Interviews (143) Live Commentary (28) Love Matters (105) News (33,092) Opinion (884) Pidgin (10) Politics (4,522) Religion (684) Sports (1,440) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement