Zamfara State to Build a Gold Reserve

Governor of Zamfara state

Written by Editorial Staff

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October 7, 2020

Governor Bello Mohammed of Zamfara has said that the state government has so far, saved 31 kilograms of refined gold for the state Government.

“Already, we have an offer of N5 billion from some interested partners to be supplying them with gold bars over a period of time” The Governor revealed. According to him, the move was meant to boost the financial base of the state.

Zamfara is one of the few states blessed with abundant gold ores in the soil. According to some, the rising insecurity in the state is all about the huge gold deposits. Apart from the recent wave of killings, the state is also one of the poorest both in the region and the country. The presence of gold is expected to improve the standard of living of people in the state and boost the state’s finances.

“The Gold was wholly mined and refined by our local miners. It is a measure we are taking to ensure that the mineral resources in Zamfara benefit the people”, The Governor added.

“Already, we have an offer of N5 billion from some interested partners to be supplying them with gold bars over a period of time” Matawalle revealed.

Read: El-rufai Sets to Balkanize Emirate of Zazzau

Recall that some weeks ago, some Chinese nationals were arrested for illegally mining Gold in Zamfara state. According to the Governor, this is about to change. “The situation today is that a few people mine the gold, take it abroad and trade it out there without a single benefit for the people in the state. This is what we want to change”, the Governor said.

It will be recalled that that Governor Matawalle had earlier this year presented some of the Gold bars mined in the state to the President, Muhammadu Buhari in the Aso Villa. He also updated the President on the insecurity situation in the state.

The Governor of Zamfara State showing Gold bars to President Buhari earlier this year.

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