The Kogi State Government has announced the acquisition of 15 mining licences, positioning itself as an active operator in Nigeria’s solid minerals sector for the first time. The move is aimed at diversifying the state’s economy, boosting internally generated revenue, and creating employment for thousands of young people.
According to a statement issued on Tuesday by the Commissioner for Information and Communications, Kingsley Femi Fanwo, the licences will enable the state to move beyond merely hosting extractive activities and instead participate directly in mineral exploration and production.
“With these licences, Kogi will now take its rightful place in the mining sector—not just as a host but as an active operator. This will unlock value, create jobs for our teeming youth, and grow our internally generated revenue,” Fanwo said.
He praised President Bola Ahmed Tinubu for enacting policy reforms that empower states to engage more directly in resource development, describing the development as a major economic breakthrough.
“This is a major economic breakthrough for our state. We thank Mr. President for enabling states like Kogi to take charge of their destiny. Governor Ododo’s leadership is positioning Kogi not just for today, but for a prosperous, resource-driven future,” Fanwo added.
He also confirmed that the licences would be utilised under an environmentally responsible and community-centred framework, with a focus on local content, industrial growth, and sustainable development.
Meanwhile, in another major economic win, Kogi has climbed to 5th position nationwide for lowest domestic debt, according to the Debt Management Office (DMO). As of 31 March 2025, the state’s debt profile stood at ₦20.38 billion, a dramatic fall from ₦121.81 billion in Q4 2023.
The Commissioner for Finance, Budget and Economic Planning, Asiwaju Asiru Idris, attributed the progress to Governor Ahmed Usman Ododo’s prudent financial reforms, including strict control of government spending, improved revenue performance, and responsible borrowing.
“We are deliberate in our financial approach, cutting waste and focusing on impactful spending. This is not accidental; it is the result of transparent, reform-minded leadership,” he said.
Echoing the sentiment, State Auditor General, Alhaji Yakubu Okala, said Governor Ododo’s background in accounting had ushered in a culture of accountability and efficiency across ministries and agencies.
“We ensure that all government funds are deployed strictly for their intended purposes. Our systems now deliver more results with fewer resources,” Okala noted.
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