From The Report: Nigeria 2023
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With greater government support and a growing role as a generator of export earnings, Nigeria’s mining sector is poised to maximise its considerable potential in precious metals and gems. Total revenue from the sector is expected to rise by 25% to N3.6bn ($8.5m) in 2023, reflecting its resilience, as well as continued federal and state support. The implementation of new mining regulations is expected to help reorganise, decentralise and localise production, while efforts to combat illegal mining and the resulting environmental and social damage are progressing. Re-investing new wealth into infrastructure development is crucial, given that mining is a power-intensive industry that requires modern equipment, as well as reliable transport and logistics infrastructure.

This chapter contains an interview with Bose Owolabi, Managing Director, Dukia Gold & Precious Metals Refining Company.