Edo sells impressive mining potentials to investors at 2022 Alaghodaro Investment Summit
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Edo sells impressive mining potentials to investors at 2022 Alaghodaro Investment Summit

By Ik Osamede

The Edo State Commissioner for Mining and Energy, Hon. Ethan Uzamere, has showcased the state's impressive constellation of minerals to investors in a bid to woo more investments into the sector at the 2022 Alaghodaro Investment Summit, with the theme: "Edo's Transformation: Partnership, Resilience, and Impact."

Uzamere stressed that mining is a largely untapped business in Nigeria and that commercial deposits of mineral resources in the state have the potential to generate more revenue for the state and profits for investors.

He stated that with 18 different types of minerals strategically located throughout the state, as well as the state's readiness to collaborate with private investors, there is a conducive environment for investors to operate in the state for maximum returns.

He also stated that the State Government is collaborating with the Federal Government on the prospect of adding five (5) more minerals to the state's existing explorable 18 mineral resources in order to attract more economic development. 

He said: "We already have two (2) major mining companies (Dangote and BUA) actively mining limestone in the same community, demonstrating the state's abundance of mineral deposits."

While addressing questions on mining activities and its impact on host Communities as a panelist at the Summit, Uzamere opined that the state is continuously interacting with host communities to address communal issues and curb illegal mining with the help of the state's robust security network.

In his words: "The sector is in the Federal Government exclusive list as you are aware. What we did is we found a window for collaboration with the Federal Government. We also contacted the Communities to find out the issues and we found out that the issue was security. The robust security architecture by Governor Godwin Obaseki has addressed that."

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