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The Federal Government of Nigeria has inaugurated a gemstone market in Ibadan, the Oyo state capital.
The market, which is the first of its kind in Nigeria, is expected to boost the country’s gemstone mining industry and create new opportunities for local artisans and traders.
The inauguration ceremony was attended by government officials, representatives of mining associations, and traditional rulers of local communities in the state.
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Minister of Mines and Steel Development, Mr. Olamilekan Adegbite while analyzing the importance of the gemstone market said it will serve as a platform for buyers and sellers to meet, negotiate prices, and exchange information about gemstone quality, origin, and processing.
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