Nigeria Federal Government Denies Sitting Gold Refinery In Lagos

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The Federal Ministry of Solid Minerals Development has dismissed claims by the Northern Elders Forum (NEF) that the Federal Government sited a gold refinery in Lagos in violation of the federal character principle.

The clarification was made in a statement issued on Sunday in Abuja by the Special Assistant on Media to the Minister of Solid Minerals Development, Mr Segun Tomori.

According to the ministry, the allegation misrepresents comments made by the Minister, Dr Dele Alake, regarding the inauguration of a gold refinery project and the broader reforms in Nigeria’s solid minerals sector.

The Ministry insists that at no point did the Minister announce that the Federal Government owned or established a gold refinery in Lagos.

“There was nowhere in the Minister of Solid Minerals announcement that the Federal Government owned or established a gold refinery in Lagos or anywhere for that matter.

“Dr Dele Alake was very clear, concise and emphatic in the announcement of the proposed inauguration of the refinery, that other gold refineries are in the works across the country and all privately-owned by different companies,” he said.

Tomori said the newly established gold refinery was an initiative of Kian Smith, a fully privately-owned mining company, aimed at developing the local gold industry through innovative practices.

He explained that the Federal Government does not compel private companies to locate their operations in any particular part of the federation, as each firm has its own operational and marketing strategy to ensure profitability.

He said the Federal Government acknowledged the doggedness of the company’s founder and Managing Director, Ms Nere Emiko, for delivering a flagship project after years of perseverance, enterprise and leadership.

According to him, the refinery reflects the solid minerals sector’s response to the value-addition policy introduced to discourage the export of raw minerals and to promote local processing and manufacturing.

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