– Nere Teriba, a 36-year-old entrepreneur, is the youngest and first Nigerian to refine gold locally
– According to her, the refinery company ought to have been completed by February 2019 and production was set for June of the same year
– Teriba’s act is focused on a sector that has been relatively untapped despite the country’s huge mineral resources
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A 36-year-old entrepreneur, Nere Teriba, has broken an important record as the first and youngest Nigerian to go into local refining of gold.
In speaking with Reuters in 2018, she said the local production of gold could triple in the next five years after production.
She is the vice chairman of local firm Kian Smith Trade & Co. Teriba said that her refinery should be able to produce three tonnes of gold monthly.
It should be noted, however, that Nigeria’s diverse mineral resources are still very much untapped where they are deposited in more than 500 locals across the country.
According to her, the setting up of the refinery was to be completed by February 2019, while production should kick-start by June of this same year.
READ ALSO: Lovable Black Stars players mobbed in Winneba and Mankessim (photos, video)
“It is a five-year expansion plan to get to 10 tonnes a month of gold. Silver will probably go up to about three tonnes a month,” she said.
Teriba said that most of the gold will be sourced from the country, there are plans to also bring in more from neighbouring countries like Ghana.
Meanwhile, YEN.com.gh earlier reported that Kofo Akinkugbe is the owner of the first sim production plant in Nigeria called SecureID Nigeria Ltd, a company which focuses smart card technology and digital security.
It should be noted that prior to the inception of her company, Nigeria was spending much on importing sim cards from other countries, especially China.
The company now reportedly exports to 21 other countries and has the certification of credible companies like VISA, Verve, and Master Card.
In 2012, Kofo was given the Africa Awards for Entrepreneurship Mature Business Award for her excellent works and being a thoughtful and solution-providing businesswoman.
In other stories, Ghana’s Black Stars were recently mobbed by an ecstatic crowd in Winneba and Mankessim as the team made stops in there on their way to Cape Coast for the AFCON 2021 qualifying match against South Africa.
Ghana against South Africa is on Thursday, November 14, 2019, at 7pm at the Cape Coast Sports Stadium. The team first stopped in Winneba, fraternised with locals and gave out #BringBackTheLove T-shirts before repeating same in Mankessim.
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READ ALSO: 17-year-old student starts top company; gains admission into 24 universities
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