{"id":34484,"date":"2020-10-07T10:51:35","date_gmt":"2020-10-07T10:51:35","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=34484"},"modified":"2020-10-07T10:51:43","modified_gmt":"2020-10-07T10:51:43","slug":"zamfara-hopes-to-build-bullion-gold-reserve-from-miners-deposits","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=34484","title":{"rendered":"Zamfara hopes to build bullion gold reserve from miners\u2019 deposits"},"content":{"rendered":"\n
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he Zamfara State government said it desires to build its bullion reserve steadily in the years ahead after it created a reserve with an initial deposit of 31 kilogrammes of gold bars from the state\u2019s artisanal miners.<\/p>\n\n\n\n

Governor Bello Matawalle<\/a> told journalists in Gusau on Tuesday that the establishment of a gold mine in the state would strengthen the state\u2019s economy and enhance indigenes\u2019 welfare at present and in the future.<\/p>\n\n\n\n

\u201cMy administration will subsequently continue to buy gold from our local miners so as to gradually improve the reserve.\u201d<\/p>\n\n\n\n

The north-western state is ramping up efforts in gold production, with Matawalle presenting bars of locally refined gold to President Muhammadu Buhari in August.<\/p>\n\n\n\n

The drive has won the blessing of the president, whose Presidential Artisanal Gold Mining Initiative plans to synergise with the state.<\/p>\n\n\n\n

\u201cEven though our state, like other states of the federation, is grappling with competing demands from the public and the resources at our disposal are meagre, we feel it is of utmost significance to invest in the future of our people.<\/p>\n\n\n\n

\u201cOne of the lessons we have learnt from the global COVID-19 pandemic is the lack of resilience of the oil market in the wake of a crisis that affects industrial production,\u201d Matawalle said.<\/p>\n\n\n\n

Zamfara has entered a pact with the Central Bank of Nigeria for a gold supply estimated at N5 billion.<\/p>\n\n\n\n

The coronavirus pandemic triggered a fall in the state\u2019s internally generated revenue to N7.08 billion in the first half of this year, the statistics office said on Tuesday and Matawlle is now optimistic that the opportunity presented by gold will provide both a chance to diversify the income source and manage the emergency.<\/p>\n","protected":false},"excerpt":{"rendered":"

he Zamfara State government said it desires to build its bullion reserve steadily in the years ahead after it created a reserve with an initial deposit of 31 kilogrammes of gold bars from the state\u2019s artisanal miners. Governor Bello Matawalle told journalists in Gusau on Tuesday that the establishment of a gold mine in the state would […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[4,48],"tags":[],"yoast_head":"\nZamfara hopes to build bullion gold reserve from miners\u2019 deposits » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=34484\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=34484#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=4\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Zamfara hopes to build bullion gold reserve from miners\u2019 deposits\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Zamfara hopes to build bullion gold reserve from miners\u2019 deposits » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=34484","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=34484#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/watchdogplusmedia.com\/?cat=4"},{"@type":"ListItem","position":3,"name":"Zamfara hopes to build bullion gold reserve from miners\u2019 deposits"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=4\" rel=\"category\">Business<\/a> <a href=\"https:\/\/watchdogplusmedia.com\/?cat=48\" rel=\"category\">Executive<\/a>","rttpg_excerpt":"he Zamfara State government said it desires to build its bullion reserve steadily in the years ahead after it created a reserve with an initial deposit of 31 kilogrammes of gold bars from the state\u2019s artisanal miners. Governor Bello Matawalle told journalists in Gusau on Tuesday that the establishment of a gold mine in the state would…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/34484"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34484"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/34484\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}