Nasarawa State Governor, Abdullahi Sule, has called for the deregulation of Nigeria’s mining sector, advocating reforms similar to those in the oil and gas industry to unlock its full potential.
Speaking at the 60th Nigerian Mining and Geosciences Society (NMGS) Annual International Conference in Abuja, Governor Sule emphasized the need for modernization and liberalization to attract investment and drive sustainable growth.
He highlighted Nigeria’s vast mineral resources but noted that restrictive policies hinder progress.
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Drawing from his oil industry experience, he stressed the importance of structured revenue-sharing mechanisms. He revealed that Nasarawa had issued 416 mining licenses but was generating minimal revenue.
This led him to push for a revenue model similar to the 13% derivation fund in the oil sector.
To ensure better state benefits, Governor Sule enacted an executive order requiring all mined minerals to be processed within Nasarawa before export.
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