L-R: Prof. Akanji receiving the licence from Prof. Ma’aji, while Dr. Idris looks on
The Federal University of Technology, Minna has joined the league of licensed gold miners in Nigeria as it recently received the go-ahead by the Federal Government.
This came to the fore on Tuesday, March 14, 2017 when the Vice-Chancellor, Prof. Musbau Adewumi Akanji, FNSBMB, FAS, received the Reconnaissance Permit and Exploration Licence issued by the Nigeria Mining Cadastre Office.
Speaking during the presentation which took place at the VC’s Conference Room, Main Campus, Prof. Akanji disclosed that Management had last year directed FUTMIN Venture to apply for the licence in other to checkmate the activities of illegal miners operating on the University’s land. He disclosed the outcome as gratifying and congratulated FUTMIN Ventures for the success.
He urged FUTMIN Ventures to start thinking of the investors and partners to bring on board.
Other Principal Officers who spoke at the event commended the VC for his determination to follow through with the idea. They also commended FUTMIN Ventures and the Department of Geology for the efforts which saw the idea to fruition and stressed the need for environmental impact assessment before exploration commences.
The development, they further noted, would boost the University IGR and create other areas of academic development.
Speaking at the event, Director, FUTMIN Ventures, Prof. Shehu Ma’aji described the development as a landmark achievement, which is in line with the economic direction of the Federal Government.
The Head of Department, Geology, Dr. Idris Abdullahi said that with the licence, the University has the option of going into direct mining or bringing in other experts.
He explained that after feasibility studies, the more prospective areas would be placed on mining lease, which is valid for 25 years.
The Reconnaissance Permit is valid for one year, while the Exploration Licence, which is valid for three years and is renewable for two further period of two years each, covers 130 Cadastral Units and an area of 26km2 in Bosso Local Government Area of Niger State.