Reuben Buhari
14 November 2009
Kaduna — Kaduna State Government is to embark on commercial exploration of tin and other solid minerals, which could earn it about N271 million annually, according to the report of a team of consultants, which submitted it reports to the state government.
The feasibility study which was done on key areas in the state by the Vice Chancellor of the Kano State University, Professor Ibrahim Garba, who is the senior partner of Caceem Nigeria Limited, the firm that carried out the feasibility study, told Governor Namadi Sambo, that with proper planning, Kaduna state can start depending less on allocation from the Federal Government
Sambo, who received the report at Sir Kashim Ibrahim House, said government would not get involved directly but provide the private sector the information and the enabling environment for them to invest in the sector.
The state, he explained, would seek audience with the Minister of Solid Minerals to brief her on the discoveries in the state as well as the modalities on the issuance of licenses for commercial exploration.
The report, he also hinted, would be made available to NACCIMA as well as the block details of the solid minerals be made available to the Federal Government to be included in their file for other investors that want to tap into it.
Earlier in his power-point presentation, Garba said 90 per cent of the solid minerals in Nigeria are found in Kaduna, Niger and Zamfara States and added that Gold, Alluvial Tin, Columbite and Kaolin, have been discovered in Birnin Gwari, Kubau, Kachia and Giwa local governments of the state.
The Tin discovered in Kubau, he said, was more than what was found in Jos, Plateau State and advised the state to either go into direct investment, invite the private sector to do the exploration or go into joint venture.
He explained that while the state would need about N178.2 million as capital cost, the profits after some years would be about N271 million per annum to the investor after the deduction of all incurred expenses.
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