President Bola Tinubu has commended the Ministry of Solid Minerals Development for its reforms, particularly the National Gold Purchase Program (NGPP), which boosted the country’s foreign reserves and enhanced the value of the naira.
Receiving a symbolic gold bar from the Minister of Solid Minerals Development, Dele Alake, over the weekend, President Tinubu praised the achievement as a significant milestone in the administration’s drive to diversify the economy under the Renewed Hope Agenda.
“This is another concrete step towards the diversification process under the Renewed Hope Agenda” the President said.
Speaking at the gold bar presentation ceremony at the State House, Minister of Solid Minerals Development, Dele Alake, commended President Tinubu for supporting reforms in the solid minerals sector, assuring that the NGPP will increase the country’s reserve and boost the naira’s value.
Presenting the latest gold bar sourced from artisanal and small gold miners and refined by an agency of the Ministry, the Solid Minerals Development Fund, to meet the London Bullion Market Association Good Delivery Standard recently, Alake said the refined gold would be sold to the Central Bank of Nigeria to bolster foreign reserves.
