The Presidential Artisanal Gold Mining Development Initiative (PAGMI) launched by President Muhammadu Buhari today Thursday, July 16th, 2020, will result in the creation of over 500,000 new mining and formalized jobs, 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.