The Federal Government has engaged the London Stock Exchange (LSE) in its bid to attract foreign investment into the mining sector.
Minister of State for Mines and Steel Development, Hon. Abubakar Bwari led a delegation to the LSE to woo top investors around the globe to invest in the solid minerals sector.
Speaking at the weekend in London, Bwari assured investors that the country is safe for investment in mining.
He added that the Northeast being seen as unsafe is where one of biggest mining activity by an Australian company called Symbol Mining Company is ongoing.
Special Adviser Media to the Minister, Ishaku Kigbu in a statement explained that the said the government was delighted to have a team from the solid minerals sector appear at the Chatham House for the first time. He insisted that a lot has changed in the industry, stressing that the country was doing a lot at encouraging foreign investors into the solid minerals sector.
He said: “Nigeria is ready and open for mining business like never before. Our mining laws are one of the best you can find around the world, mining licences process is efficient and digitalised and can be gotten now under 30 days, investors enjoy tax holidays for between three and five years, can own their businesses 100 per cent among other juicy incentives. 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.”
According to the minister, issues regarding insecurity in the country is blown out of proportion.