Stakeholders Warn Nigeria Against Exporting Raw Gemstones
Nigeria is losing thousands of jobs and billions of naira by exporting raw gemstones. Stakeholders in the mining sector are warning that this practice is detrimental to the country's economy.
thousands of jobs and billions of naira lost
The stakeholders spoke at the 11th Nigeria Mining Week in Abuja, where they stressed the need for Nigeria to invest in cutting, treatment, grading, branding, and manufacturing of gemstones instead of relying on extraction and export of raw stones. The country can learn from the experiences of other countries like Tanzania and Thailand, which have developed successful gemstone and jewellery industries.
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