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Mining: Minister Woos Investors At London Stock Exchange

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The minister of State For Mines and Steel Development, Abubakar Bawa Bwari, told investors at the London Stock Exchange (LSE) that the Nigerian mining landscape has been made so fertile and friendly for investors to come in and have a big time for business.

The minister, who led the first ever Nigerian mining delegation to the exchange in London, used the opportunity to convince would-be investors on how prepared Nigeria was to welcome them.

The minister was accompanied by egg heads in the ministry including the permanent secretary, Mr Georgina Ehuria, director-general, Mining Cadastre, Mohammed Amate, project coordinator MinDiver, Mr Linus Adie, director, Investment and Promotion, Rose Ndong, and special assistant to the minister on policy and strategy, Professor Okey Onyejekwe.

At a business roundtable forum moderated by Jonathan Blanchard Smith of the London Stock Exchange Group and chair of the Natural Resources Forum, the minister said the government of Nigeria was not taking lightly, the rare opportunity of having a team from the solid minerals sector appear at the Chatham House for the first time, insisting that a lot has changed in the industry in an effort to help change the erroneous perception about Nigeria’s unpreparedness in encouraging foreign investors to invest in the sector.

“Our mining laws are one of the best you can find around the world. Mining license processing is efficient and digitalised and can be obtained in 30 days. Investors also enjoy tax holiday for three to five years, even as they can own their businesses 100 per cent among other juicy incentives. Most importantly is the fact that the present administration has made all the processes needed in mining very transparent,” he noted.

According to him, issues regarding Nigeria’s insecurity blown out of proportion against the interests of would-be investors, is rather an erroneous perception than reality.


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