Osinbajo: Dukia Gold Refinery is an extremely valuable new source of trade, jobs

The federal government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited, saying the partnership will pave way for job creation, trade and foreign exchange (forex) earnings for the country.

Vice President, Yemi Osinbajo revealed this during a virtual meeting at the launch of nationwide Dukia-Heritage Bank Gold & Precious Metals Buying Centres held yesterday.

He also affirmed that this partnership will create opportunities for Nigeria to grow its potential reserves of 200 million ounces of gold.

Osinbajo said, "“What we are looking at here is an extremely valuable new source of trade, jobs and foreign exchange.

“This project will create primary employment for local artisanal miners and mining cooperatives, and 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."

“This is set to create jobs and unleash the economic potential of mining communities. With this project, we are also commissioning the nationwide Dukia-Heritage Bank Gold and Precious Metals Buying centres-part of a valuable private sector collaboration. This provides a sustainable way for Nigerians to exchange their gold jewellery and other precious items for cash,’’ he added.