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  • News - North West - Kano
  • Updated: November 27, 2022

Kano Gold Souk Becomes Operational Early Next Year, Says Minister

Kano Gold Souk Becomes Operational Early Next Year, Says Min

Mr. Olamilekan Adegbite

Kano Gold Souk and other regional projects being executed by the ministry of Mines and Steel Development will become operational by early 2023.

This was disclosed by the Minister, Olamilekan Adegbite, when he featured at the News Agency of Nigeria (NAN) forum in Abuja, adding that the souk would make the country become a world destination for gold.

"We have trained people who will make jewelries, they will be resident in that gold souk".

“In Kano, our gold is being taken out of Nigeria to places like Dubai and others where they turn them into jewelries.

“You buy them at expensive prices there but when those gold leave Nigeria in their raw form, they pay next to nothing for it.

“So, we said lets have a gold souk in Kano which can rival any souk in the world.

“They will turn the gold in Nigeria into jewelries. They can make bangles, straps, earrings necklaces, and pendants.

“People are trained to do this now so, we are adding value in Nigeria and we are saying that Kano Gold souk can join the world calendar of souks.

“This will enable people to know that at a certain time of the year, we will organise a gold festival in Kano gold souk so that women and men from all over the world can come to Kano and buy gold.

“That is why we have done all these six regional projects and those projects are at advanced stages of completion."

He assured that the projects will be commissioned early next year.

The Federal Government has earlier announced that the Souk market would be commissioned before the end of 2022.

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