“A little bit of background will show that the former Vice President was deceiving Nigerians when he made that promise
Mr Adegbite cited the Segilola Gold Company in Osun, with an investment portfolio of $900 million.
The N37.2 billion earmarked for the ministry and its 10 parastatal agencies for 2023, will cover personnel costs, overhead and capital expenditures.
The minister said the salt if fully tapped, could save the country millions of dollars from importing the commodity.
“If the gold deposit is big as expected we will invest about $100 million for the period of 10 to 15 years.”
The DG said the MCO generated N2.02 billion within six months as against the N1.5 billion target set by the FG for 2021.
The minister described the Segilola Gold Project as a strategic investment for Nigeria’s economic diversification.
