Nigeria To Get First Gold Refinery In Ogun

Nigeria to get first gold refinery in Ogun

Nigeria stands at the threshold of history, as is set to have Ist gold refinery in the country.

The refinery will be located in Mowe, Ogun State.

According
to a statement by Kian Smith, the refinery is coming to add value to
the economy, gold miners and traders and will also increase revenue to
the government especially at a time oil prices have become volatile,
leaving the economy in dire need of improved revenues from other
sources.

Bawa Bwari, minister of mines and steel development
would be joined by the Ogun State governor, Ibikunle Amosun, and other
functionaries from the public and private sectors for the ground
breaking ceremony of the Kian Smith Gold Refinery on Thursday, December
13, the statement says.

The indigenous adds that its vision is to
contribute to the development of the Nigerian gold market as well as
help in creating jobs in the economy.

Udo Udoma, minister of
budget and national planning, had recently announced in Abuja that the
Federal Government has issued first gold refinery license in the country
to Kian Smith, which would soon go into operation.