Nigeria to become gold jewelry destination — Minister

Written by on May 6, 2022

Mr Olamilekan Adegbite, Minister of Mines and Steel Development (MMSD), says Nigeria will soon become gold jewelry making destination.

Adegbite made this know on Friday in Abuja while conducting graduation ceremony for 21 selected youths trained on jewelry making.

According to him, Federal Government is making effort to make sure value is added to raw gold mined locally to attract foreigners and make Nigeria gold jewelry destination.

He said that the training as first of its kind was organised to strengthen the local production of jewelry, create jobs, increase livelihood standards and the creativity of Nigerians.

He said that the training they acquired would also serve as import substitution as Nigeria is a large consumer of jewelry products from the United Arab Emirates, India, China and Europe.

He noted that gemstone and jewelry industry in the country remains underdeveloped, as gems are mined by artisanal operators and sold as rough stones in Germany, Indonesia, Sri Lanka and the United States. He said that value addition to Nigerian gold and gemstone was critical to the diversification of the current government, as it moves away from over-dependence on oil.

A trainee from Edo, Ms Jessica Ogiuva, who spoke on behalf of other participants, appreciated the opportunity given to them.

She promised that they would share the knowledge acquired with others in their respective states. (NAN)

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