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Reading: Nigeria: Minister Discloses Plans to Start Processing Raw Gold, Other Minerals in Six Regions
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AfricaNews360 > Business > Minning > Nigeria: Minister Discloses Plans to Start Processing Raw Gold, Other Minerals in Six Regions
Minning

Nigeria: Minister Discloses Plans to Start Processing Raw Gold, Other Minerals in Six Regions

The Minister of Mines and Steel Development,  Olamilekan Adegbite, disclosed this when he appeared on the News Agency of Nigeria (NAN) Forum in Abuja.

Posted V November 27, 2022 2 Min Read
Updated 2023/04/05 at 11:11 AM
Baltic sea amber from Kaliningrad region, Russia. Baltic amber is a specific subset of amber that is found only in northern Europe: it accounts for some 80% of the known amber in the world. About 90% of the world's extractable amber is still located in the Kaliningrad Region of Russia on the Baltic Sea.
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Nigeria has begun the process of refining gold, gemstones, and other mineral resources in the six geo-political regions of the West African country.

The Minister of Mines and Steel Development,  Olamilekan Adegbite, disclosed this when he appeared on the News Agency of Nigeria (NAN) Forum in Abuja.

According to him, adding value to the country’s mineral resources will go a long way in creating jobs and wealth for Nigerians.

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He said six plants were being set up in the various regions to process mineral resources deposited in those regions.

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

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

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

He said similar plants had been set up in the North-East, Bauchi for processing kaolin, while the North-Central Kogi State was chosen to establish a gold smelting plant.

Mr Adegbite also said in the South-West, in Ibadan, a gemstone plant had been established, while in the South-East, a lead processing plant was established in Ebonyi.

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The minister said in the South-South region, a baryte processing plant had been established, adding that “Nigeria imports baryte to the tune of 300 million dollars every year.

He said the six regional projects were at an advanced completion stage and would be commissioned soon.

RSS EDITORS’ SUGGESTIONS

TAGGED: Featured, Gold, Mining, Natural Resources, Nigeria, Other
SOURCES: People's Gazette
V November 27, 2022
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