FG woos Chinese investors to Nigeria’s mining sector

The Minister of Mines and Steel Development, Alhaji Abubakar Bawa Bwari, has said Nigeria is open for business for genuine Chinese investors in the mining sector.

The minister said this in his address titled: “Nigeria’s Solid Minerals Sector: A New Haven for investors,” at the recent third Sino-Nigeria Mining roadshow, during the 2018 China Congress and Expo in Tianjin, China.

Bwari admitted that, though the Nigerian mining industry faces external and internal challenges, the present administration has to a large extent addressed the issues, saying the coast was clear for serious investors to venture into the mining space.

He revealed that, Nigeria is endowed with abundant mineral resources that can be broadly categorised into industrial minerals, energy minerals, metallic ore minerals, construction minerals and precious stones and these minerals are still largely underdeveloped despite its glorious past and abundance of mineral resources for development.

Bwari, said Nigeria was looking forward to investments in the upstream and downstream sector, adding that Chinese investors were welcomed to participate in the development of the nation’s mining sector.

Source: THIS DAY

Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...