Federal Government PAGMI Scheme To Generate 500000 Jobs Nationwide The Presidential Artisanal Gold Mining Development Initiative (PAGMI) launched by The Nigeria President Muhammadu Buhari on Thursday, July 16th, 2020, this Initiative will result in the creation of over 500,000 Jobs in the new mining and formalized recruitment in the Nigerian mining Industry, leading to poverty alleviation for more than 1 million households. According to the Presidency.
Under PAGMI, artisanal gold miners will earn more from higher productivity, better recovery rates, mechanization of operations, and better access to reliable geological information. Increased earnings for the miners will have significant spillover effects in the local economies as businesses will grow to cater to the increased consumption per household.
The Presidential Artisanal Gold Mining Development Initiative (“PAGMI”) is a comprehensive artisanal and small-scale gold mining development programme, launched in 2019 to foster the formalization and integration of artisanal gold mining activities into Nigeria’s legal, economic, and institutional framework.
PAGMI has been designed to integrate social, environmental, health and safety, economic, commercial, and technical considerations, into its implementation.
PAGMI is designed as a broader strategy to address the structural and institutional factors such as rural poverty, lack of alternative livelihoods, and difficulties in meeting legal and regulatory requirements that tend to push artisanal gold mining operators deeper into the informal economy.
PAGMI is truly a welcomed Development it will boost the Country’s economy and also provide numerous jobs to the jobless youths in the country, PAGMI is set to recruit over 500,000 workers that will enhance it’s workforce and also see to it’s day to day running.
PAGMI will help to Diversify the Economy of Nigeria thereby creating an avenue for the country to generate revenues and Boost Nigerian’s internally Generated Revenue.
It’s a welcome development because the Government will not have to focus on oil 100 percent, Nigeria with it’s daily huge Growing Population needs tackle unemployment mostly among it’s youths in order to reduce crime and poverty.