The Federal Government has promised to complete the gold market it started constructing in Kano in the next 10 months.
The Minister of Mines and Steel Development, Olamilekan Adegbite, made it known at an inspection tour of the facility in Kano, as contained in a statement by the ministry’s spokesperson, Idowu Jokpeyibo.
The statement said: “The Buhari administration has assured it would complete the ongoing Kano Gold Souk before the end of the year 2022.
“The Minister of Mines and Steel Development, Arc Olamilekan Adegbite made this known in Kano while inspecting the construction of the Gold Souk.
“The establishment of a Gold Souk in Kano is part of the current administration’s efforts to establish strategic Artisanal & Small-Scale Mining Clusters in each of the six (6) geopolitical zones of the country to harness the potential of the Artisanal and Small Scale Miners (ASM) operators in the Country.
“The Gold Souk, which is being constructed in Kumbotso Local Government Area of Kano State, when completed and fully developed according to the Minister, would rival Gold Souk(s) in other parts of the world.
“The essence of the Gold Souk according to him is about value addition. “We want our gold in Nigeria to be enhanced here, we add value, create jobs for our people as well as generate revenue for the government.
“It is important that we add value to our gold instead of taking it out in the raw form, we will make jewelries such as bangles, wristwatches, necklaces and so on and then people will know that there is a Souk in Nigeria where they can visit and buy just like in other parts of the world,” the statement further revealed.
