Connect with us

    Hi, what are you looking for?

    Business

    Nigeria to Begin Processing of Raw Gold and Others — Minister

    Minister of Mines and Steel Development, Mr Olamilekan Adegbite
    Minister of Mines and Steel Development, Mr Olamilekan Adegbite

    Mr Olamilekan Adegbite, Minister of Mines and Steel Development, has announced that Nigeria has begun the process of refining gold, gemstones and other mineral resources in the six geo-political regions of Nigeria.

    Adegbite who noted that the country’s mineral resources will go a long way in creating jobs and wealth for Nigerians, further revealed that six plants are being set up in the various regions to process mineral resources deposited in those regions.

    He said; ‘We have set out to do six regional projects and one of them is the gold souk in Kano, the North West region.

    Read Also: Osun: “I left N14bn for my successor” – Outgoing governor, Gboyega Oyetola, says

    “Before now, our gold was being exported in its raw form for close to nothing to foreign counter for processing and we end up buying them expensively.

    ‘We have trained people who will make jewellery and they will be resident in the plant.”

    Similar plants have been set up in the North East, Bauchi for processing kaolin, while in the North Central, Kogi State was chosen for the establishment of a gold smelting plant.

    In the South West, a gemstone plant has been established in Ibadan, while in the South East, a lead processing plant has been established in Ebonyi. In the South South region, a baryte processing plant has been established.

    The six regional projects are at advanced stage of completion and would be commissioned soon.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    The Enugu State Government has accused Olasijibomi Ogundele, CEO of Sujimoto Luxury Construction Limited, of defrauding the state of N5.7 billion paid for the...

    Tech

    Twenty Nigerian media professionals and digital creators are embarking on a week-long study trip to South Africa as part of the MTN Media Innovation...

    News

    China is expected to unveil what it claims is “the most powerful laser air defence system in the world” during a major military parade...

    Tech

    Moniepoint Microfinance Bank (MFB), Nigeria’s definitive and trusted business and personal banking platform, has launched its new brand campaign, “Made for Your Progress,” reaffirming...