FG Issues First Gold-refining License

President Buhari

The central government has uncovered that it has issued the principal gold refining permit because of the Economic Recovery and Growth Plan (ERGP). 

Clergyman of Budget and National Planning Udo Udoma noticed this on Monday in Abuja amid the 24th Nigerian Economic Summit (NES24). 

As per Udoma, the Economic Recovery and Growth Plan (ERGP) was basically focused at bringing the nation out of retreat which it had accomplished. 

"As a result of the ERGP center labs, we have additionally possessed the capacity to quicken the advancement of the national gold improvement arrangement and the foundation of a government gold stores conspire in Nigeria," the pastor said. 

"Today, I am cheerful to illuminate us that the main gold refining permit has been issued to an organization called Kian Smith Limited, which was one of the organizations that took an interest in the labs. 

"The central government is settling modalities to buy gold from neighborhood refiners, by means of a bureaucratic gold stores plot."