Abuja, Sept. 15, 2023 – The federal government is planning to set up a solid minerals corporation interface between Nigeria and the global mining industry
Dele Alake, the Minister of Solid Minerals, said this the exhibition booth of the ministry during the 21st Africa Down Under Conference in Perth, Australia.
A statement by the Ministry’s Deputy Director of Information, Alaba Balogun, quoted Alake as saying that Nigeria was now “open for business and with our ongoing reforms in the solid minerals sector.”
He said Nigerian laws permitted investors to take their profits out.
Alake said a major plan to show the government’s readiness to assist investors was the massive investment into geoscientific investigation of the country’s minerals, their grade, and quantum to enable investors to project with greater certainty the costs of their investments and the profits they can make.
“Following the prospect of the extensive occurrence of lithium in Nigeria, the battery minerals making waves in the automobile industries, Alake said the progress made by investors such as Basin Limited in their Jupiter project, mining lithium in the North, and Lithium King investments in the South West confirm reports of Nigeria as the most profitable destination for the precious mineral.”
Alake assured investors of their safety, adding that the government had given illegal miners 30 days to join co-operatives in addition to plans to deploy surveillance task force and mine police to combat criminals at the mines.
“Nigeria is open for business and with our ongoing reforms in the solid minerals sector I can assure every investor that comes to our country of conducive operating environment and good returns on their investments.”
