MINING

Stakeholders in the Nigeria Mining sector have called on the Federal Government to increase funding of the solid minerals sector if Nigeria is to successfully achieve economic diversification and reap from its enormous mineral resource endowments. This call was made in Abuja at the recently concluded Nigeria Mining Week organised...

The Federal government has offered a three-year tax holiday to mining investors to raise as much as $7 billion to develop the nation’s minerals and steel industries. The tax incentive will start "from the date the investor commences mining operations in the country," Mines and Steel Development Minister, Dr. Kayode...

  Targets mining contribution to GDP of 7% from 0.3% in a decade Nigeria is looking for investments of $7 billion in mining and steel in the next ten years as it seeks to develop gold and iron ore extraction industries to diversify its oil-dependent economy. According to Bloomberg report...