Sign in Subscribe
Local government

Nasarawa State Secures Licences for Gold and Lithium Exploration, Eyes Revenue and Job Opportunities

Strategic Insights

— 2 min read

Nasarawa State government has taken a significant step in its efforts to diversify its economy, securing licences for the exploration of gold and lithium deposits in the state. Governor Abdullahi Sule revealed that the state will benefit immensely from the exploration of these mineral deposits, which will generate revenue and create job opportunities for its teeming youths. The governor also announced that the state had applied for the licences from the federal government in 2021 and has now secured them after a seamless process.

Key Takeaways:

  • Nasarawa State has secured a licence for the exploration of gold deposits in Uke, Karu local government area, which is expected to generate revenue and create job opportunities.
  • The state has also secured two licences for lithium exploration in Toto and Nasarawa local government areas.
  • Governor Abdullahi Sule revealed that investors have shown willingness to pay signature bonuses to the state, similar to the oil industry.
  • The governor stated that the State Investment Development Agency (NASIDA) will sign a Memorandum of Understanding (MoU) with GreenPad Enterprise on low carbon economy, which is expected to bring significant benefits to the state.
  • The Bureau for ICT has developed a new blueprint for Nasarawa State Information Technology and Digital Economy Agency for 2023 to 2027, which is expected to bring economic value to the state.

Statistics:

  • Three licences have been secured by Nasarawa State for the exploration of gold and lithium deposits.
  • The licences were applied for in 2021 and have now been secured after a seamless process.
  • Investors have expressed willingness to pay signature bonuses to the state, which is expected to generate significant revenue.
  • The State Investment Development Agency (NASIDA) will sign a Memorandum of Understanding (MoU) with GreenPad Enterprise on low carbon economy.
  • The Bureau for ICT has developed a new blueprint for Nasarawa State Information Technology and Digital Economy Agency for 2023 to 2027.

Sources:

  • "Nasarawa State government has secured a licence for exploration of the enormous gold deposit in Uke in Karu local government area." (Source: Governor Abdullahi Sule)
  • "The state has also secured two licences for lithium exploration in Toto and Nasarawa local government areas of the state." (Source: Governor Abdullahi Sule)
  • "The governor revealed that investors seeking to partner with the state in the area of mining have shown willingness to pay signature bonuses to the state like they do in the oil industry." (Source: Governor Abdullahi Sule)
  • "The governor also revealed that the State Investment Development Agency (NASIDA) will sign a Memorandum of Understanding (MoU) with GreenPad Enterprise on low carbon economy soon." (Source: Governor Abdullahi Sule)
  • "The Bureau for ICT has developed a new blueprint for Nasarawa State Information Technology and Digital Economy Agency for 2023 to 2027." (Source: Governor Abdullahi Sule)

Read more