• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

  • Fact-Check
  • Economy
    • FG, States, LGs Share N2.225trn Revenue for August – FAAC

      Nigeria Customs Aligns with Finance Ministry over 4% FOB Policy Review

      Members Board of Directors of Dangote Refinery

      Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

  • National
    • FG, States, LGs Share N2.225trn Revenue for August – FAAC

      Tinubu Lifts State of Emergency in Rivers, Reinstates Fubara, Legislators

      Crowned Prince Salman of Saudi Arabia

      Saudi Frees Nigerian Pilgrims Framed by Drug Syndicate

      President Bola Ahmed Tinubu and Minister of Women Affairs Imaan Sulaiman-Ibrahim presenting a cheque to women

      Renewed Hope Agenda: Group Passes Vote Of Confidence On Tinubu’s Minister,…

      A Group of Terrorists/Bandits

      Nigeria Fights Back Against Banditry and Insecurity By Senator Iroegbu

    • Government
      • FG, States, LGs Share N2.225trn Revenue for August – FAAC

        ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

        Chairman NAHCON Professor Abdullahi Saleh Usman meets with Katsina State Governor Dikko Radda

        NAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments,…

        MURIC to Alaafin: No Law Grants You Power to Appoint Chief…

        President Bola Ahmed Tinubu and Minister of Women Affairs Imaan Sulaiman-Ibrahim presenting a cheque to women

        Renewed Hope Agenda: Group Passes Vote Of Confidence On Tinubu’s Minister,…

  • Security
    • ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

      Police Officer

      Kaduna Police Arrest Two Suspects Over Illegal Possession of Firearms

      Nigeria’s Minister of Defence, Mohammed Badaru Abubakar,meets with Security Leaders in Beijing

      Badaru Joins Global Leaders at Beijing Forum on Peace, Security

      Crowned Prince Salman of Saudi Arabia

      Saudi Frees Nigerian Pilgrims Framed by Drug Syndicate

      Military Troops in Action

      Troops Ambush Bandits in Plateau, Neutralise One 

  • Features
    • A Group of Terrorists/Bandits

      Nigeria Fights Back Against Banditry and Insecurity By Senator Iroegbu

      A Group of Terrorists/Bandits

      Nigeria Fights Back Against Banditry and Insecurity

      Engr. Suleiman Bolakale Kawu Agaka

      Engr. Kawu: A Heroic Homecoming for a Man of the People…

      Prof Isa Pantami, former Minister of Communication and Digital Economy

      Gombe Tech Training: Pantami’s Call for a Paradigm Shift By Muhd…

      Healing Nigeria: A Chronicle of Health Reforms

      Book Review: Is This the Cure? A Look into Healing Nigeria…

  • State
    • ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

      Chairman NAHCON Professor Abdullahi Saleh Usman meets with Katsina State Governor Dikko Radda

      NAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments,…

      Police Officer

      Kaduna Police Arrest Two Suspects Over Illegal Possession of Firearms

      Crowned Prince Salman of Saudi Arabia

      Saudi Frees Nigerian Pilgrims Framed by Drug Syndicate

      MURIC to Alaafin: No Law Grants You Power to Appoint Chief…

  • Event
    • Chairman NAHCON Professor Abdullahi Saleh Usman meets with Katsina State Governor Dikko Radda

      NAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments,…

      Flier for the programs that happened for the elderly by members of BUKAA FCT

      BUKAA FCT Appreciates Sponsors after Aerobics, Football Exercises

      Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

    • PR Nigeria Award
  • E-Paper
Home Government VP Osinbajo Inaugurates Dukia Gold Refinery Project
  • Government

VP Osinbajo Inaugurates Dukia Gold Refinery Project

By
Idowu Jokpeyibo
-
June 10, 2020
PRNigeria logo fearured image

VP Osinbajo Inaugurates Dukia Gold Refinery Project
The Federal Government has commissioned the operation of Dukia Gold and Precious Metals Project.

During the virtual commissioning of the project today, 9/6/2020, the Vice President, Prof. Yemi Osinbajo said Nigeria has potential reserves of 200 million ounces of gold and that the launch of the expansive project, Dukia Gold, would create new opportunities for Nigeria to mine her gold reserves properly, trade responsibly and refine locally.

“The Dukia Gold & Precious Metals Refinery Project, championed by the High Commissions of Nigeria and Canada, has been seven years in the making and it is my pleasure to see that the project is ready to begin operations”, he said.

The Vice President believed that the Dukia Gold project would encourage the emergence of smaller-scale mining companies who, for the first time, would have a transparent and welcoming market for their mined gold and precious metals. This, he said would create jobs and unleash the economic potential of mining communities.

He added that the project, “will create primary employment for local artisanal miners and mining cooperatives across the solid minerals value chain. Off-take agreements between Dukia Gold and local mining communities and owners of recyclable gold will be a useful provider of jobs in our post-covid economy.”

Within the Project, the Vice President also commissioned the nationwide Dukia-Heritage Bank Gold and Precious Metals Buying Centres which is part of a valuable private sector collaboration.

The buying centre is to provide a sustainable way for Nigerians to exchange their gold jewellery and other precious items for cash. “This system of exchange not only helps 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”, he added.

Prof. Osinbajo promised that the Federal Government would provide support and facilitate policies that would ensure successful deployment, implementation, and sustainable operations of the Dukia Gold Project as well as continuous support of the mining sector.

Read Also:

  • ICPC Secures Six-Year Jail Term for Sokoto River Basin Director
  • NAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments, Promises Easier Exercise
  • Kaduna Police Arrest Two Suspects Over Illegal Possession of Firearms

The Hon. minister of Mines and Steel Development, Arc. Olamilekan Adegbite, in his remarks, said the launch of Dukia-Heritage Bank Gold and Precious Metals Buying Centres is a testament of the unwavering effort of President Muhammadu Buhari’s administration to serve as a business friendly regulator, providing the enabling environment for business to thrive.

Adegbite said the Buying Centre Initiative (BCI) would bring about efficiency and transparency to physical trading and transactions of mineral commodities.

According to him, “buying centre with minimum guaranteed price thresholds also ensures that Artisanal miners receive the right pricing for their goods relative to illegal off takers” This, he believed, would break the status quo of illegal mining and increasing royalty revenue accrual to the federal government.

In line with President’s mandates to diversify the economy, create jobs and increase revenue generation, the Minister said his ministry has licensed two gold refineries and has equally been creating a conducive fiscal and regulatory enabling environment for them to thrive. “We expect that these two refineries will create ample employment opportunities in the downstream sector and in the gold value chain,” he added.

“Dukia is one of the two duly licensed gold refiners in Nigeria. They have developed an encompassing ecosystem, consisting of nationwide DukiaHB Buying Centres alongside the virtual Purchasing Platform, that together form an integral centre-piece.”

“This initiative by Dukia and Heritage bank is the beginning of a seamless integration between the mining and banking sectors, which needs to be encouraged and applauded,” he emphasized.

Earlier in his welcome remarks, the Hon. Minister of State, Dr. Uchechukwu Ogah, said Nigeria is blessed with abundant mineral resources waiting to be harnessed for economic development.

He commended the partnership between Dukia Gold and Heritage Bank and hopeful that it would serve as a success model for building strong private business conglomerates that would transform not only the gold value chain, but entire mineral sector into a global competitive mining destination of repute.

The Managing Director of Dukia Gold, Bose Owolabi said the company would work with its refining partners and stakeholders to ensure that the project was fully implemented and met international standards. She added that the Heritage Bank Raw Materials Buying Centres would be opened at designated branches of the bank across the country as from Tuesday, June 16, 2020

Dukia Gold & Precious Metals Refining Company Limited which is located at the Abuja International Airport is set out to work with miners to ensure access to appropriate Plant, Machinery, Equipment, and support among others.

Idowu Jokpeyibo
For: Director Press, Ministry of Mine

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Dukia Gold
  • fg
  • Gold Reserve
  • Osinbanjo
  • Precious Metals Refinery
Previous articleAfter attacking Military Base in Auno, Boko Haram Massacres 69 Persons in Gubio, Escapes with 1,200 animals
Next articleAgain, Bandits Storm Faskari Communities in Katsina, Kill 46 people
Idowu Jokpeyibo
Idowu Jokpeyibo
Xing

RELATED ARTICLESMORE FROM AUTHOR

FG, States, LGs Share N2.225trn Revenue for August – FAAC

ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

Chairman NAHCON Professor Abdullahi Saleh Usman meets with Katsina State Governor Dikko Radda

NAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments, Promises Easier Exercise

MURIC to Alaafin: No Law Grants You Power to Appoint Chief Imam of Oyo

President Bola Ahmed Tinubu and Minister of Women Affairs Imaan Sulaiman-Ibrahim presenting a cheque to women

Renewed Hope Agenda: Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-Ibrahim

Court Reaffirms ICPC’s Power on Investigation of Kano Scholarship Funds

Engr. Suleiman Bolakale Kawu Agaka

Engr. Kawu: A Heroic Homecoming for a Man of the People By Adegboyega Ajadi

Omoyele Sowore and President Bola Ahmed Tinubu

Finally, DSS Files Charge Against Sowore, Twitter, and Facebook over Anti-Tinubu Post

HCSF, Didi Esther Walson-Jack

Federal Govt Moves to Fill 5 Permanent Secretary Positions

Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

Nnamdi Kanu of IPOB arrested by Nigerian security services

Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

Doctors

Resident Doctors Commences Indefinite Strike in FCT

Recent Posts

  • FG, States, LGs Share N2.225trn Revenue for August – FAAC
  • ICPC Secures Six-Year Jail Term for Sokoto River Basin Director
  • NAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments, Promises Easier Exercise
  • Kaduna Police Arrest Two Suspects Over Illegal Possession of Firearms
  • Tinubu Lifts State of Emergency in Rivers, Reinstates Fubara, Legislators
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
ICPC Secures Six-Year Jail Term for Sokoto River Basin DirectorNAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments, Promises Easier ExerciseKaduna Police Arrest Two Suspects Over Illegal Possession of FirearmsTinubu Lifts State of Emergency in Rivers, Reinstates Fubara, LegislatorsBadaru Joins Global Leaders at Beijing Forum on Peace, SecuritySaudi Frees Nigerian Pilgrims Framed by Drug SyndicateTroops Ambush Bandits in Plateau, Neutralise One MURIC to Alaafin: No Law Grants You Power to Appoint Chief Imam of OyoRenewed Hope Agenda: Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-IbrahimNigeria Fights Back Against Banditry and Insecurity By Senator IroegbuNigeria Fights Back Against Banditry and InsecurityNavy Retrains Personnel on Weapon Handling to Boost Operational EfficiencyFirefighters Rescue Nine Victims from Burning 6-Storey Building in LagosPolice Arrest Seven over Death of IBB University Student, Nab Four Robbery Suspects in SulejaCourt Reaffirms ICPC's Power on Investigation of Kano Scholarship Funds
X whatsapp