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FIRST GOLD REFINERY BERTHS IN OGUN STATE

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The Federal Government has again reiterated its resolve to diversify the nation’s economy, as it turns the sod for the first Gold Refinery in Ogun State.

The Minister of State for Steel and Solid Minerals, Honourable. Abubakar Bawa Bwari who performed the ground breaking in Omu Arogun, Obafemi Owode Local Government Area, disclosed that, a well organised gold value chain could trigger economic revolution for Nigeria.

The Minister noted that his Ministry has discovered over 44 minerals and was focusing on Gold, which about one million people are currently involved in its exploration in Nigeria.

On his part, the Ogun State Governor, Senator Ibikunle Amosun, who was represented by the Commissioner for Agriculture, Mrs. Adepeju Adebajo, said the project was in tandem with the State’s industrialisation plan.

The Governor noted that the project was very strategic to the State, as about 37 percent of the nation’s solid mineral outputs resides in the State, re-stating his administration’s commitment to give necessary incentives to the private sector to operate.

Speaking earlier, the Vice Chairman, Kian Smith Trade and Company, Ofosinere Teriba, said 500,000 jobs would be created by the industry in two years of its operation, adding that the company would provide 99.99 percent refined gold, including three tonnes of gold, one tonne of silver, among other mineral resources.

In his remarks, the Permanent Secretary, Ministry of Commerce and Industry, Engr. Jonathan Onajobi said the conducive environment created by the government has led to great influx of industries into the State, imploring the management of the company to take cognisance of local content, by engaging the youths in their mining activities.

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