The Minister of Solid Minerals Development, Dele Alake, has disclosed that a huge volume of gold mined in Nigeria is being illegally exported to the United Arab Emirates.
The minister disclosed this while receiving the UAE Ambassador to Nigeria, Salem Al Shamsi, in his office in Abuja on Tuesday, October 29.
“In the mining sector, we see significant opportunities for collaboration. While there is considerable trade in gold, much of it remains illegal, with a large portion of Nigerian gold ending up in the UAE unlawfully.
We propose working together to develop strategies to curb illegal gold trade and establish a regulatory framework that legitimises this trade, allowing both countries to maximise their benefits,” Alake said.
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