A Memorandum of Understanding (MoU) to improve gemological services in the country has been signed between the Abuja Chamber of Commerce and Industry (ACCI) and the Gemological Institute of Nigeria (GIN).
Gemological services involves laser inscriptions, gem identification, diamond grading, jewelry appraisals and marketing.
While signing the MoU, the President of the Chamber, Prince Adetokunbo Kayode (SAN, CON, FCIArb, FCITI) said with the initiative, whatever precious stones derived from Nigeria is given a perfect touch that would make it competitive in the international market.
Prince Kayode announced that the technical areas which needed to be fine-tuned will now be given an accelerated boost noting that it will deepen participation of critical stakeholders in the sector.
He stressed that the intervention both parties are about to make is apt and have the tendency of impacting positively on the mineral sourcing, exploration, exploitation, processing and marketing.
While commenting on the content of the MoU, the Director General of GIN, Anna Momoh emphasized that, the arrangement is made in order to bring critical stakeholder in the sector into one umbrella consequent upon which value addition to the products and players will be enhanced.
She noted that, ACCI which has conglomeration of investors and businessmen men in the territory and beyond was carefully chosen in view of the track records it has maintained since its incorporation in 1986.
Earlier in his introduction, the Vice President in charge of the Business Entrepreneurship Skills and Technology (BEST), Prof. Adesoji Adesugba who facilitated the meeting said, the Institute is out to ensure that the sector is repositioned for optimal good of the players.
He announced that, the MoU was just one in the many series of activities lined up for both parties.
The meeting also had in attendance the Director General of the Chamber, Mr. Chijioke Ekechukwu, Director (Membership and Business Development) Mrs. Tonia Shoyele, Vice President (Mines) Barr. Rose Nwosu, Vice President (Legal) Barr. Bukhari Bello and several other Executive and Council Members.
Other members of the GIN team were Adeyinka Momoh and Adeniran Oshobu.