TTON Calls For Establishment Of Gold Refineries, National Mining Company

A policy advocacy platform, Think Tank on Nigeria(TTON) has called on the federal government to establish Gold refineries in order to make ornaments and jewelry for sale locally and internationally.

It also said that a national mining company should be created to own the assets and be listed on the gold stock exchange in London, the USA, and Hong Kong.

TTON made this disclosure in a communique signed by its convener, Engineer Dideolu Falobi ,FNSE, and 73 members obtained by Blaze Newz.

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Examining the mining sector, TTON noted that despite the sector’s potential to increase the Internally Generated Revenue, IGR , of the nation, it has remained depleted, underutilized, and underproductive to the disadvantage of national development.

According to TTON ” the sector has become tainted with consistent exploitation, and unmitigated smuggling of these natural resources by foreigners with the connivance of some unscrupulous indigenous elements due to some induced filthy lucre to shut their conscience.

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TTON frowned to the corruptive collaboration of monarchs in the mining sector saying this “is a major bane setting the industry back. Thereby emboldening these thieves to mindlessly exploit the resources. They give exotic cars to the monarchs in return for tapping away our natural resources.”

TTON urged government to industrialize the sector by providing support with more mechanized and advanced mining technology saying “this would lead to the reduction of unemployment within the country
especially within the mining localities.

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“The local miners are knowledgeable, skilled, and organized. All they need is motivation from either the organized corporate sector or people-oriented
investors.”