Adamawa State government has that it will commence mining of seven solid minerals resources in December, under a three-year agreement between BTP Swiss Sovereign Asset and Adamawa Mining Company.
The State Commissioner for Solid Mineral Resources, Shanti Shashi gave the hint on Saturday in Yola at the 4th Adamawa Community Dialogue organised by Adamawa Community Advancement Initiative (ACAI).
According to him, the seven targeted solid minerals include Diamond, Gold and other was part of the efforts geared towards boosting the state Gross Domestic Product (GDP) as well its contributions to the national economic diversification programme.
He said that 12 mineral exploration licenses have been acquired from the Federal Government.
Shashi said, “Adamawa is the most organised state as far as solid minerals is concern. We have gone far in talks with Dangote Group on Guyuk Cement factory.”
The commissioner noted the theme of the stakeholders’ dialogue “Adamawa Without Oil Money: Meeting The Challenges of Sustainable Development Through Agriculture and Solid Minerals Resources Development”, was timely considering the current economic challenges.
In his paper, “Economic Diversification through Solid Mineral Resources Development: The Adamawa State Prospects”, Prof. Saidu Baba, lamented the long year neglect of agriculture and solid minerals which used to be the mainstay of the nation’s economy.
“Why we are in recession is because the money we realized from oil sector was not utilized to develop other sectors like solid minerals and agriculture.”
He noted that Adamawa has the mineral resources to generate revenue, as SWOT analysis had proven that limestone, coal, gypsum, baryte, clays and granite were deposited in large quantity in the state.
“It is therefore recommended that the state government should consider well-organised and coordinated investments in these minerals, advisably through joint venture programmes as it is done in the oil and gas sector, he added.”
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