Niger Blocks Leakages In N1.2bn Daily Turnover Of Gold Market

Niger State governor, Mohammed Umaru Bago has disclosed that the daily turnover for sales of Gold at the black market in the state is on the average of N1.2 billion.

Governor Bago stated this at the groundbreaking of a gold market code-named “Mohammed Umaru Bago International Gold Market” sited within the Abdulkadir Abdullahi Kure Modern Market, Minna.

He said that gold mining activities and sales in the state will be properly articulated to capitalize on its huge potential revenue generation for the state.

The governor disclosed that despite the huge daily turnover for sales of gold in the market, the government did not benefit from the sales.

Consequently, he reiterated that the government found it expedient to articulate the sales by re-organising the Gold market.

Bago said the decision to articulate the sales by establishing the market was borne out of the need to register and take inventories of gold sellers to enable the government identify legitimate dealers.

He also disclosed that the creation of the market will help in addressing illegal Gold mining in the state adding that similar markets will subsequently be constructed in Bida, Kontagora, Suleja, and Borgu while Kuta and Kagara will also follow suit.

Earlier, the chairman of Chanchaga local government area, Aminu Ladan said the project when completed will boost economic activities in the state and that it will also pave the way for new businesses to grow in the Kure Modern Market.