Senate urges investors to take advantage of favourable regulations in Nigeria’s solid minerals sector

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The Chairman, Senate Committee on Solid Minerals, Senator Osita Ngwu, has urged global investors to take advantage of favourable regulations governing the Nigerian solid minerals sector. According to the lawmaker, Nigeria's mining sector has a friendly investment climate backed by legislations that safeguard local and foreign direct investments. The Senate committee chairman, who made the

call during a visit to the Chinese Ambassador to Nigeria, Mr. Cui Jian Chun in Abuja, described Nigeria as an investment destination with several opportunities in the solid minerals sector. He stressed that the opportunities in the mining sector highlight the potential for collaboration and economic growth between Nigeria and China.

Investments could be made to facilitate the transfer of technology, equipment, and know-how to enhance mining operations, improve efficiency, and ensure sustainable practices.' The lawmaker identified capacity building and skills development as a vital aspect of professional development in mining, stating that 'investments in training and capacity building initiatives are crucial to develop a skilled workforce in the solid mineral sector'.

Source: News Formal (newsformal.com)

 

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