Close Menu
The Reporters
  • Home
  • News
  • Politics
  • Crime
  • Health
  • Features
  • Economy
  • Environment
  • Entertainment
  • Business
  • Technology
  • Education
  • Sports
  • Tourism
  • Judiciary
  • Judiciary
  • Foreign
  • Agriculture
  • Religion
  • Weather
  • Banking
  • Labour
  • Faith
  • Advertisment
Facebook X (Twitter) Instagram
  • Home
  • Lifestyle
  • Travel
  • Buy Now
Facebook X (Twitter) Instagram Pinterest Vimeo
The Reporters
  • Home
  • News
  • Politics
  • Crime
  • Health
  • Features
  • Economy
  • Environment
  • Entertainment
  • Business
  • Technology
  • Education
  • Sports
  • Tourism
  • Judiciary
  • Judiciary
  • Foreign
  • Agriculture
  • Religion
  • Weather
  • Banking
  • Labour
  • Faith
  • Advertisment
Subscribe
The Reporters
Economy

NEPZA to partner ministry, world-class gemologist, Institute to reposition multi-billion-naira precious stones industry

AdminBy AdminJanuary 14, 2022Updated:January 14, 2022No Comments3 Mins Read
Spread the love

By Dada Ahmed.

 

The Nigeria Export Processing Zones Authority (NEPZA) says it is on the verge of convincing the Ministry of Solid Minerals and the Gemological Institute of Nigeria to jointly adopt the free trade zone model to customise the exploration, refining, production and the marketing of variety of expensive gemstones in
A bid to reposition the country’s jewelries and gemological industry,

Prof. Adesoji Adesugba, NEPZA’s Managing Director gave the hint while playing host to Mr Tom Cushman, a world-renowned Gemologist and Businessman in Abuja, according Martins Odeh,Head, Corporate Communications, NEPZA in a statement he made available to The Reporters on Friday in Lokoja.

Adesugba, who is also the Chief Executive Officer of the agency, explained that the Authority had continued to embark on the exploration of the global business space with the view to attracting investors to all sectors of the economy, adding that steps were been taken to secure the commitment of critical stakeholders for this lofty initiative to come to fruition.

“In the light of this, the Authority is going to open discussion with the Ministry of Solid Minerals, the Gemological Insttute of Nigeria and other experts in the industry to establish the right kind of partnership that can scale-up the efficient and effective management of the sector through training and certification of qualified gemologists.

“No doubt, we foresee an incredible impact of this initiative on the country’s Gross Domestic Product (GDP) when concretised as fresh jobs will be created and substantial illegal mining of the country’s precious stones will be dislocated.

“Let me, therefore, express my profound delight on the visit of Mr Tom Cushman, an American Gemologist and Businessman who is prepared to assist us popularise the Nigeria’s gemstones’ industry globally,’’ the managing director said.

In his remark, Cushman said the country was amazingly endowed with variety of solid mineral, adding that NEPZA’s decision to spearhead this initiative will help to attract huge Investments into the sector.

“Nigeria must leveraged on my expertise knowledge in the training, identification, grading, and marketing of jewelries/gems so as to boost the economy more sustainably,’’ Cushman said.

Recall that gemology is the science of studying, cutting, and valuing precious stones, however, the essence of gemology is in identifying the gemstones while the gemologists use microscopes, computerised tools, and various grading instruments to examine gemstones which underscores why this money-spinning industry must be brought to standard to become another dependable revenue base for government.

Visited 5 times, 1 visit(s) today
Previous ArticleDangers of Vote-Buying and Attendant Consequences Ahead of 2023 polls in Nigeria
Next Article Former GM, Graphic Newspaper buried,cleric stresses leaving worthy legacy for heavenly gain
Admin

Related Posts

World Bank: 139m Nigerians Still Living in Poverty Despite Reforms

October 11, 2025

NEPZA Courts U.S. Investors at UNGA, Showcases Nigeria’s Expanding Free Zones

October 9, 2025

Tinubu Charts Way To Trillion Dollar Economy At 31st Economic Summit

October 7, 2025

Leave A Reply Cancel Reply

Recent Posts
  • Niger LG Poll: NSIEC Completes Distribution of Election Materials, Assures Credible Exercise
  • Organized Crime Uncovered at Kogi Poly: Deputy Registrar, 4 Suspended.
  • Organized Crime Uncovered at Kogi Poly: Deputy Registrar , Others Suspended
  • Ekiti 2026 Poll: Female APC Aspirant Asks Court to Nullify Oyebanji’s Endorsement
  • Organized Crime Uncovered at Kogi Poly: Deputy Registrar On The Run,5 Suspended
© 2025 The Reporters. Designed by Domo Tech Media .
  • Home
  • Contact Us
  • About Us
  • Posts
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.