ZHUL-QI’DA 8, 1429 A.H.
WEDNESDAY NOVEMBER 5 2008
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Zamfara to invest $55m on iron ore coy
From RABIU ABDU FAGGE, Gusau
IN an effort to industrialise the state, Zamfara state government has concluded arrangement to invest $55 million to establish an iron ore smelting company.
When completed, the state will realize about N16 billion as revenue within the first nine months of its establishment.
Governor Mahmoud Aliyu Shinkafi made this revelation while inaugurating Zamfara state Minerals Resources and Environmental Management Committee, held at the council chamber, Government House, Gusau.
The governor stated that recent discovery of iron ore deposit in the state which according to him, is far greater than that of Ajaokuta in terms of both quantity and quality, informed the state government decision to consider the investment.
The governor said Zamfara is endowed with mineral deposits such as tantalite, zinc, copper, gold, iron ore, manganese among others, regretting however that mining activities in the state is at a low ebb and has cost the state a lot of revenue.
While stressing the significance of the project he said the project, when completed, will generate employment opportunity to the citizenry, even as he added the project will be carried out in collaboration with partnership with investors, while the state source for the fund.
He, however, extolled the virtues of the federal government for providing the enabling environment of affected communities to play active role in the mining sector for the over roll development of Nigerian economy.
The governor advised the committee members to show commitment to their assigned duties while he pledged for continued government support and cooperation towards the realization of the committee’s mission.
