Nigeria

Nigeria building plants to process gold, other minerals

While speaking on the NAN Forum in Abuja, Nigeria's Minister of Mines and Steel Development, Olamilekan Adegbite, made this statement.

In each of Nigeria’s six geopolitical areas, the federal government has started the process of refining gold, gemstones, and other types of mineral resources.

While speaking on the NAN Forum in Abuja, Nigeria’s Minister of Mines and Steel Development, Olamilekan Adegbite, made this statement.

He claims that enhancing the value of Nigeria’s mineral resources will significantly contribute to the country’s ability to generate new economic growth and prosperity opportunities.

He mentioned that six plants were being set up across the country to process natural resources.

‘We have set out to do six regional projects, one of which is the gold souk in Kano, the North West region.

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

‘We have trained people who will make jewellery, and they will be residents in the plant,” he explained.

He also mentioned that a kaolin processing factory and a gold smelting plant had been established in the country’s north-central region, in the state of Kogi.

Mr Adegbite also mentioned establishing a gemstone plant in Ibadan in the southwest and a lead processing plant in Ebonyi in the southeast.

The minister stated, “Nigeria imports baryte to the tune of $300 million per year,” and said that a baryte processing factory had been set up in the South-south region.

He assured the audience that the six regional projects were well on their way to completion and would soon be put into operation.

Get more fascinating contents like this on Facebook, Twitter and Telegram
Get more stories like this on Facebook, Twitter and Telegram