Association Partners FCTA On Gold Buying Centres

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A group, Precious Metal Gold Processors and Exporters Association of Nigeria has sought the partnership of the Federal Capital Territory Administration (FCTA) for the establishment of a gold buying centre in the nation’s capital.

National Chairman of the association, Alhaji Muhammed Masud, made the call when he led a delegation of the association’s executive to FCT Minister of State, Dr Ramatu Aliyu, on Thursday in Abuja.

Masud said the establishment of the centre would serve as the next gold trading hub attracting investors from other parts of the globe as it was obtained in other gold buying centre across the globe.

He added that the establishment of the centre in Abuja would further create the enabling environment to operate in line with the Federal Government policies on diversification of the economy to non-oil sector particularly gold mining, processing and exporting.

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“The establishment of the Nigerian gold buying centre will no doubt generate more revenue, boost sustainable economic growth, increase investor’s traffic and create job opportunities for the country.”

Masud said that as a major stakeholder in the mining sector the presence of the association in FCT would bring all mining stakeholders together under one umbrella.

Responding, Aliyu said that the FCTA would partner with the association and other viable organisations with programmes and policies geared towards the development of the territory.

Represented by her Special Assistant on Technical Matters, Mr Mudiyu Mustapha, she said that the territory was ready to key into the Federal Government economic diversification policy.

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