The Federal Government has commissioned the operations of Dukia Gold and Precious Metals Project (DGPMP). The project is expected to enable Nigeria mine her gold reserves properly, trade responsibly and refine locally.

The Vice President, Prof. Yemi Osinbajo, while performing the virtual commissioning of the project, said Nigeria has potential reserves of 200 million ounces of gold reserves. He disclosed that the Dukia Gold and Precious Metals Project has been under construction for 7 years and it was his pleasure to see that the project is ready to start operations.

According to a press statement issued by the Director of Press, Federal Ministry of Mines and Steel Development, Mr. Edwin Okpara, the Vice President said, “I believe the Dukia gold project will encourage the emergence of smaller-scale mining companies which, for the first time, would have a transparent and welcoming market for their mined gold and precious metals. This would create jobs and unleash the economic potential of mining communities.”

Going further, he said, ‘’The project will create primary employment for local artisanal miners and mining cooperatives across the solid minerals value chain. Off-take agreements between DGPMP and local mining communities and owners of recyclable gold will be a useful provider of jobs in our post COVID-19 economy.”

Osinbajo also commissioned the Dukia-Heritage Bank Gold and Precious Metals Buying Centers, which is part of valuable private sector collaboration. He opined that the buying center would provide a sustainable way for Nigerians to exchange their gold jewelry and other precious items for cash.

The vice president added, “This system of exchange not only helps to encourage a culture of recycling, but will also serve as a complementary source for the raw materials needed for the Dukia Gold & Precious Metals Refining Company.”

Osinbajo promised that the federal government would provide support and facilitate policies to ensure successful deployment, implementation, and sustainable operations of the Dukia gold project as well as continuous support of the mining sector.

The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, in his own statement, said the launch of Dukia-Heritage is a testament of the unwavering effort of President Muhammadu Buhari’s administration to serve as a business-friendly regulator by providing the enabling environment for business to thrive.

Adegbite stated that the Buying Centre Initiative (BCI) would bring about efficiency and transparency to physical trading and transactions of mineral commodities in the country and also ensure that artisanal miners would receive the right pricing for their goods relative to illegal off takers. The minister pointed out that his ministry has licensed two gold refineries and created a conducive fiscal and regulatory enabling environment for them to thrive of which Dukia is one of them.

https://nairametrics.com/2020/06/11/fg-inaugurates-gold-refinery-project-boosts-smaller-scale-mining-operations/

prof2007:
The Federal Government has commissioned the operations of Dukia Gold and Precious Metals Project (DGPMP). The project is expected to enable Nigeria mine her gold reserves properly, trade responsibly and refine locally.

The Vice President, Prof. Yemi Osinbajo, while performing the virtual commissioning of the project, said Nigeria has potential reserves of 200 million ounces of gold reserves. He disclosed that the Dukia Gold and Precious Metals Project has been under construction for 7 years and it was his pleasure to see that the project is ready to start operations.

According to a press statement issued by the Director of Press, Federal Ministry of Mines and Steel Development, Mr. Edwin Okpara, the Vice President said, “I believe the Dukia gold project will encourage the emergence of smaller-scale mining companies which, for the first time, would have a transparent and welcoming market for their mined gold and precious metals. This would create jobs and unleash the economic potential of mining communities.”

Going further, he said, ‘’The project will create primary employment for local artisanal miners and mining cooperatives across the solid minerals value chain. Off-take agreements between DGPMP and local mining communities and owners of recyclable gold will be a useful provider of jobs in our post COVID-19 economy.”

Osinbajo also commissioned the Dukia-Heritage Bank Gold and Precious Metals Buying Centers, which is part of valuable private sector collaboration. He opined that the buying center would provide a sustainable way for Nigerians to exchange their gold jewelry and other precious items for cash.

The vice president added, “This system of exchange not only helps to encourage a culture of recycling, but will also serve as a complementary source for the raw materials needed for the Dukia Gold & Precious Metals Refining Company.”

Osinbajo promised that the federal government would provide support and facilitate policies to ensure successful deployment, implementation, and sustainable operations of the Dukia gold project as well as continuous support of the mining sector.

The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, in his own statement, said the launch of Dukia-Heritage is a testament of the unwavering effort of President Muhammadu Buhari’s administration to serve as a business-friendly regulator by providing the enabling environment for business to thrive.

Adegbite stated that the Buying Centre Initiative (BCI) would bring about efficiency and transparency to physical trading and transactions of mineral commodities in the country and also ensure that artisanal miners would receive the right pricing for their goods relative to illegal off takers. The minister pointed out that his ministry has licensed two gold refineries and created a conducive fiscal and regulatory enabling environment for them to thrive of which Dukia is one of them.

SOURCE (abridged): https://nairametrics.com/2020/06/11/fg-inaugurates-gold-refinery-project-boosts-smaller-scale-mining-operations/

It is crystal clear the position of the VP Osinbajo regarding our development as a nation. He is always hell-bent on ensuring the economy bounce back both during and post covid amidst oil price crash. The ESC report is another point of reference, the master plan will ensure a sustainable economic blueprint to realise economic recovery growth and plan goal.

Wow! This will really boost our economy

This is a very good development that will help the Nigerian economy and the citizens.

Noted

Good one from Sinzu himself...



Na Hunger dey make man think

Do you know the meaning of 200 million ounces of gold reserve? Mr Vice president?

A ounce of gold according to (Forbes, 2019) is worth over $40,000. Our VP is telling us that we have over $1,788 * 200,000,000 buried underneath the Earth crust, with the last mineral geological survey being conducted in the 1950s during the colonial era.

I don't do partisan politics but these guys are delusional and formulate all sorts of cheap lies to deceive Nigerians.

way to go

Audio

This is the way to go.....

We knows how it all ends ...good initiative sha

This one go good o...

Nor be lie.. they are doing well....

I hope � dey do as dey say �.let it not be audio stuff

sounds good, more initiative in this sector is required

NwaNimo1:
Gold refinery.....when we can't even refine common crude oil?

Very easy to refine

Let's go mine Gold

That's good, the should do it on a large scale we have so many unearthed natural resources at our disposal

Okay

Good development. Anything to move the country forward is welcome.

Goodnews finally.

ProfAmaben:
Do you know the meaning of 200 million ounces of gold reserve? Mr Vice president?

Pls forgive him for he knows not what he said.

Like we've been benefiting from nigeria resources .... Na only for news we dey see am. Nightmare Country.

las las citizens no go benefit from am

oh 9ja my country

Good one