Nigerian Govt Recommends Mining Model to Miners

Mr Alake, in his response, pledged the support of the…

Mr Alake, in his response, pledged the support of the Federal Government for SROL, particularly because it promotes local content and positively impacts the host community with developmental projects.

The Minister of Solid Minerals Development, Dele Alake, has advised mining companies to emulate the international best practices of the Segilola gold project to develop the sector.

He expressed the commitment of the federal government to support mining companies that place a premium on local content in their operations.

Speaking during a site tour of the Segilola Resources Operating Limited (SROL), an indigenous gold mining company in Ilesha, Osun State, the minister lauded the extensive work that has gone into the facility, expressing delight that over 95% of its staff are Nigerians, urging other operators to take a cue from them.

” It gladdens my heart that this is a wholly Nigerian project, and that is very commendable. Yes, you have contractors, experts, and technical professionals, which is expected in any project of this magnitude, but it is essentially a Nigerian project. That for me is very remarkable and worthy of emulation by other potential investors, local or foreign alike, ” Mr Alake added.

Mr Alake commended the company’s tenacity of purpose and efficient methods deployed to push through with its vision, despite daunting challenges at inception.

Stressing that his focus has been to redirect local and international attention to the mining sector, the minister revealed that implementing his 7-point agenda will reposition the mining sector.