Nigeria hopes gold mining reforms can bring in $500m a year

MINING WEEKLY | Nigeria hopes changes it has made to gold mining regulation will earn the government $500-million a year in royalties and taxes and create 250 000 jobs, President Muhammadu Buhari said on Thursday.

The reforms have made artisanal mining legal and will create gold buying centres and tax trade of the precious metal, Buhari said in a statement.

"These operations will help in diversifying our revenue base," said Buhari.

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