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Nigeria begins to see results from developing its gold resources
Tinubu Celebrates as Nigeria Sells gold, Injects $5 Million into Economy
By Damilola Aina
Punch, Magboro, Nigeria
Sunday, June 23, 2024
Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the minister of solid minerals development, Dele Alake, disclosed today.
He said the sales have delivered a $5 million increase in Nigeria's foreign reserves, 70-plus kilograms of gold refined to the London Bullion Market Good Delivery Standard, and successful aggregation of locally mined gold, thereby injecting about 6 billion naira into the rural economy.
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Alake disclosed this while presenting the latest gold bar sourced from artisanal and small gold miners and refined by the Solid Minerals Development Fund to President Bola Tinubu during the weekend. The minister, in a statement signed by the special assistant on media, Segun Tomori, said the refined gold would be sold to the Central Bank of Nigeria to bolster foreign reserves. ...
... For the remainder of the report:
https://punchng.com/tinubu-celebrates-as-nigeria-sells-gold-injects-5m-into-economy/
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