L
LequteMan
Guest
According to the Minister of Mines and Steel, 80% of gemstones in Nigeria are smuggled into the country.
Excerpt from the Nation:
If the gemstone produced in Nigeria, 80 per cent is being smuggled, said the Minister of Mines and Steel Development, Architect Musa Sada.
“In the Federal Executive Council meeting we were discussing the non-oil revenue and one of the biggest problems we have is smuggling and gemstone is one of the biggest culprits,” he said.
He attributed the cause to lack of a common gemstone selling avenue in the country, noting that if the government does not provide an alternative the illicit trade would continue to thrive.
According to the minister who was addressing a delegation from Oyo State Government in his office at Abuja, the impact of smuggling activities in the sector has unsettled the Federal Government.
click here to read more
#Nigeria #DIamonds #Gold #Gemstones
Excerpt from the Nation:
If the gemstone produced in Nigeria, 80 per cent is being smuggled, said the Minister of Mines and Steel Development, Architect Musa Sada.
“In the Federal Executive Council meeting we were discussing the non-oil revenue and one of the biggest problems we have is smuggling and gemstone is one of the biggest culprits,” he said.
He attributed the cause to lack of a common gemstone selling avenue in the country, noting that if the government does not provide an alternative the illicit trade would continue to thrive.
According to the minister who was addressing a delegation from Oyo State Government in his office at Abuja, the impact of smuggling activities in the sector has unsettled the Federal Government.
click here to read more
#Nigeria #DIamonds #Gold #Gemstones