Ghana encourages Nigeria to start state-owned mining company, profits could boost local economy
The Ghanaian government wants Nigeria to start a new government-owned mining company to compete with the private sector, reports Nigerian news outlet Vanguard. Ghana’s Minister of Lands and Natural Resources, John-Peter Amewu, wants to hasten the development of the solid minerals sector in Africa.
Amewu seems to believe firmly in the continent’s mining potential.
He says that Ghana used to have a state-run mining company, and will again. He believes that African countries should work together and exchange ideas so that together they can harness the potential within the continent’s mining sector.
As it stands, African land has already provided much in the way of materials to mine.
Companies from around the world have mines established in Senegal, Congo, Tanzania, South Africa, and Nigeria itself. In these countries the companies mine everything from energy sources like oil and coal, to precious metals and gems such as gold and diamonds. A government owned company like Amewu proposes would provide significant competition to companies established in Nigeria.
“It should not be a problem for a country to own a mining company,” said Amewu. Having a government controlled mine could more directly contribute to local economies, much like Sierra Leone’s plan to boost its economy with diamond sales.
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