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Nigeria: Ministry Dismisses Northern Elders' Claim On Lagos Gold Refinery

Ministry affirms Lagos refinery is a private investment by Kian Smith, highlighting policy reforms that attracted $1.2 billion in mineral processing projects nationwide.

  • On Sunday, the Ministry of Solid Minerals Development dismissed NEF's claim about a Lagos gold refinery as false, with Segun Tomori stating no government decision or ownership was announced.
  • The Northern Elders Forum argued the Federal Government planned a Lagos refinery, prompting concern that it would violate the federal character principle, Prof. Abubakar Jiddere said.
  • Tomori clarified ownership, saying the Lagos refinery is a wholly private investment by Kian Smith and the ministry commended Ms Nere Emiko for delivering the project after years of determination.
  • Sustained policy reforms over the past two years created an enabling environment for private sector participation and align with a value‑addition policy in the solid minerals sector to curb raw mineral exports.
  • Examples cited include a $600 million lithium plant in Nasarawa State, a $400 million rare earths plant in Nasarawa State, and a $200 million ASBA lithium plant in Abuja, illustrating investor-led siting decisions.
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19 Articles

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FG denies siting gold refinery in Lagos

In a statement on Sunday in Abuja, Mr Segun Tomori, Special Assistant to the Minister of Solid Minerals Development, Dr Dele Alake, said the minister had not made any such announcement.

·Nigeria
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empressivenaija.com broke the news in on Sunday, January 18, 2026.
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