• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 24, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria to become gold jewellery destination

Gold

The Matters Press by The Matters Press
May 6, 2022
Reading Time: 2 mins read
0
Kano state’s gold souk to be completed 2022

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

RELATED POSTS

PBAT expands military structure, approves more recruitment

Tinubu’s $3.05bn intervention initiatives, part of ongoing reforms to tackle poverty at the grassroots-Group*

Atiku goofed on President Tinubu’s growth-focused borrowings, recent spike in food inflation

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

He said that the training as first of its kind was organised to strengthen the local production of jewellery, 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 jewellery products from the United Arab Emirates, India, China and Europe.

He noted that gemstone and jewellery 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.

“We discovered that our gold is leaving Nigeria shore on a daily basis in raw form to other countries and after the gold is converted to jewelry the price will become so high that common man cannot afford it.

“We are going to retain our raw gold and add value to it and sell to our people.

“We are currently building Gold Souk in Kano and Gemstone in Ibadan where our raw gold will be converted to jewellery and we can also export them.

“We have trained 21 youths as first set selected across the country to also train others in jewellery making and they will be empowered with starter packs,’’ he said.

Dr Sallim Salaam, the Coordinator, Mineral Sector Support for Economic Diversification (MinDiver) Project, said that the training that started in October 2021 was sponsored by the MMSD and the World Bank.

Salaam said that the trainers were drawn from different countries such as: Begium, Germany, among others, adding that the trainees were certified upon completion of their training.

“We expect them to go back to their states and open clusters with the assistance of the state governments to also train more people on gemstone cutting, polishing among others,’’ he said.

Mr Peter Vermandere, a Belgian trainer, said that the training was a big project, adding that the trainees had learnt new ways of improving and designing jewellery.

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.

Tags: Gold
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Reduction in security breaches by 65%, an unprecedented feat in 13 Years
News

PBAT expands military structure, approves more recruitment

July 24, 2026
Swiss Bank expects profit of $50bn
Economy/Technology

Tinubu’s $3.05bn intervention initiatives, part of ongoing reforms to tackle poverty at the grassroots-Group*

July 24, 2026
Nigeria, WFP worry over food situation
Economy/Technology

Atiku goofed on President Tinubu’s growth-focused borrowings, recent spike in food inflation

July 24, 2026
Tinubu signs amended electoral Act
Economy/Technology

Nigeria gains more global recognition -PBAT

July 24, 2026
Infrastructure gulp N2,7tn in Nigeria
Economy/Technology

Tinubu turning Nigeria into massive construction site

July 6, 2026
Covid-19 causes GDP’s contraction
Economy/Technology

Slash in vehicle import levies will reduce financial burden on Nigerians-TMV

July 6, 2026
Next Post
NERC, FCCPC collaborate on consumer protection

NERC has not approved new tariff review

Group bemoans level of crude oil theft

Nigeria’s crude oil reserve increases to 37b barrels

Recommended Stories

Deputy Senate President, son, wife escape attack

Deputy Senate President, son, wife escape attack

November 6, 2018
Labour declares strike over minimum wage

Labour declares strike over minimum wage

June 1, 2024
Nigeria plans to ban milk importation

Nigeria plans to ban milk importation

March 21, 2020

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • PBAT expands military structure, approves more recruitment
  • Tinubu’s $3.05bn intervention initiatives, part of ongoing reforms to tackle poverty at the grassroots-Group*
  • Atiku goofed on President Tinubu’s growth-focused borrowings, recent spike in food inflation

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us