FG Woos Foreign Investor For Mining Sector, Heads To London Exchange
Mining. Image: Daily Trust

The federal government is taking its quest to attract foreign investors into the mining sector to the London Stock Exchange (LSE).

Nigeria’s Minister of State for Mines and Steel Development Abubakar Bwari led a delegation to the LSE to speak to investors in a bid to invest in the country’s solid minerals sector.

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Speaking during the visit over the weekend, Bwari assured that the country is safe for investment in the solid minerals sector.

“Nigeria is ready and open for mining business like never before,” the minister added.

“Our mining laws are one of the best you can find around the world, mining licenses process is efficient and digitalized and can be gotten now under 30 days, investors enjoy tax holidays for between three and five years, can own their businesses 100 percent among other juicy incentives.”

According to him, “Nigeria is extremely blessed in solid minerals which are under-exploited.

“Nigeria’s mining jurisdiction is friendly and more sophisticated compared with other African countries.

“Most importantly is the fact that the present administration has made all processes in mining very transparent.”