Abuja:The Gemstone Miners and Marketers Association of Nigeria (GMAN) has called on the Federal Government to simplify export procedures, address smuggling issues, and enhance local processing to unlock the country’s $3 billion gemstone export potential.
According to News Agency of Nigeria, GMAN President Adeniran Ajibade emphasized these points in an interview, which took place during the 11th Nigeria Mining Week. Ajibade highlighted the significant potential of Nigeria’s diverse, high-quality gemstones, which are primarily produced by artisanal and small-scale miners, to contribute to trade, foreign exchange earnings, and employment opportunities.
Ajibade stated that a baseline study conducted by GMAN revealed a widespread distribution of gemstone resources across Nigeria. However, he noted that the prevalent smuggling activities hinder understanding the sector’s true economic impact. To improve the situation, Ajibade urged governmental support for feasibility studies, local processing, and branding.
He also mentioned GMAN’s collaboration with international associations and stakeholders to share knowledge and expand market access. Ajibade called for involving industry operators in drafting export regulations and for the full activation of the International Gemstone Centre in Ibadan.
Prof. Akinade Olatunji, former President of the Nigerian Mining and Geosciences Society, also supported local processing to maximize economic benefits from Nigeria’s gemstones. He criticized the lack of industry records and stressed the need for strengthening domestic processing capacity to keep more economic benefits within the country.
Olatunji encouraged graduates in geology and mining engineering to gain practical experience and contribute to the sector’s sustainable development. Stakeholders at the mining week panel session urged for increased local processing, skills development, and effective branding to enhance the industry and create more jobs.