Nigerian Government Denies Plans for Federal Gold Refinery in Lagos, Emphasizes Private Investment

The Nigerian government has denied allegations by the Northern Elder Forum (NEF) regarding plans to establish a federal gold refinery in Lagos, clarifying that such a refinery would be a private investment. Dele Alake and Segun Tomori from the Ministry of Solid Minerals Development dismissed the claims as false and misleading, stating that the government does not dictate the location of private investments.

The Ministry highlighted its policies to promote local processing of minerals and attract foreign investment, citing examples of mining projects in Nasarawa State and Abuja. These initiatives aim to create jobs and boost the mining sector in Nigeria.