Federal Government Unveils Plans for Solid Minerals Sector to Boost Foreign Reserve


The federal government says the Solid Minerals Sector and the National Gold Purchase Programme will increase the country’s reserve and boost the naira’s value.

Minister of Solid Minerals Development, Dele Alake stated this when he presented the latest Gold Bar sourced from Artisanal and Small Gold Miners and refined by an Agency in the Ministry to President Bola Tinubu.

Mr. Alake, in a statement on Sunday, said that the Gold was refined to meet the London Bullion Market Association’s Good Delivery Standard and would be sold to the Central Bank of Nigeria to bolster foreign reserves.

President Tinubu, while receiving the Refined Gold commended the Ministry for achieving a major milestone in the administration’s drive to diversify the economy.

President Bola Tinubu and Dele Alake

Leave a Reply

Share post:




More like this

Nigerian Table-Tennis Veteran Olufunke Oshonaike to Contest IOC Election in Paris

Nigerian table-tennis stalwart, Olufunke Oshonaike, renowned for her seven...

Rwanda’s President, Paul Kagame Wins Election With Over 99% Vote

Rwanda's President, Paul Kagame has broken his own record...

President Tinubu Calls For Enhancement Of Bilateral Economic Relations With Partner Nations

President Bola Tinubu has called for the enhancement of...