Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, has stated that the investment opportunities that abound in the mining and metal sector still remain largely untapped.
The minister made the disclosure yesterday in Abuja while delivering his keynote address to declare this year’s edition of the Nigeria Metallurgical Industry Stakeholders’ Forum (MISF) open.
The 2-day session with the theme: “Nigeria’s Economic Growth: Industrial Development through Value Addition in the Metal Sector” which ends today brought together directors from the ministry, experts and investors from far and near.
The minister said the abundant investment opportunities at both upstream and downstream subsectors of the industry still remain untapped by entrepreneurs.
He enumerated some of the areas with ample investment opportunities to include: Smelting and refining for processing such minerals as Tin, Columbite, Lead, Zinc, Copper, Wolframite, Aluminium, etc; foundry for Machine parts production, pattern making, etc; forgery, fabrication and Machining for locks, bolts and nuts, Screws, Casing, Ship Building, etc; rolling Mills among others.
“All of the above and many more are investment opportunities in the metallurgical sector which I urge local and foreign investors to take advantage of, as friendly and enabling environment will favour their businesses, amidst adequate Government incentives,” the minister said.
Permanent Secretary, Ministry of Mines and steel Development, Abdulkadir Mu’azu, in his welcome address, assured willing investors of an enabling environment under the present administration.