Editor’s Note
This article has been updated to reflect the Federal Government of Nigeria’s clarification that a recently discussed gold refinery in Lagos is privately owned, not a government project.
The Federal Government (FG) of Nigeria has denied establishing a gold refinery in Lagos, clarifying that the facility in question is privately owned.
A government spokesperson stated that reports linking the refinery to federal ownership or investment are inaccurate. The project is a private sector initiative, and the government’s role is limited to providing the necessary regulatory framework and oversight.
The clarification comes amid growing interest in Nigeria’s mining and minerals processing sector. The establishment of refineries is seen as a key step in adding value to raw mineral exports and boosting local industry. The government emphasized its commitment to supporting private investments in the sector while correcting the public record on specific projects.