IN a bid to boost the mining
sector, the federal government
has assured genuine investors of
business incentives in harnessing
the country’s natural resources.
The Minister of Mines and Steel,
Dr KayodeFayemi, listed the
incentives for investors to include
duty waiver on imported mining
equipment, 100 ownership of
business concern and tax holidays,
which is renewable among others.
According to a statement signed
by the Special Adviser, Media,
Mr. Olayinka Oyebode in Abuja,
Fayemi restated that the incentives
were introduced in the sector as a
way of actualizing the economic
diversification plan.
While addressing a gathering
of African Ministers of Mines and
Minerals, policy makers, investors,
operators and mining financiers,
he noted there is massive deposit
of world class Nickel in Dagoma,
Kaduna State.
The minister stressed that the
Natural Resource- Nickel, possesses
prospects as a game changer for the
Nigerian economy.
Fayemi outlined government’s
support for the nickel project, as well
as other genuine investments in the
mining sector, insisting however that
government would not compromise
its laws and regulations.
Fayemi, whose presentation was
titled; “Mining for Shared Prosperity:
Why Nigeria, Why Now”, said
government would support the
nickel project and other investors
to move from resource find to
exploration and processing.
He urged investors to work with
the state governments in their
community relations engagement,
in order to build harmonious
working relationship with the host
communities.
He told investors; “You need the
cooperation of the host communities
as well as the state governments,
even when our constitution allows
the Federal Government to issue
you license.
“You need the understanding and
cooperation of the state government
and the host communities whose
environment you are going to work.
“The nickel deposit is reputed to
be of a high grade and “rare find”
which covers about 20 kilometre
square in Dagoma village, Southern
Kaduna”.
The minister said that security of
the environment was one of the first
major steps taken by government to
ensure the success of the project.
He added that government is also
collaborating with Comet Minerals
limited that discovered the mineral,
on sundry other aspects of the project.
Dr. Fayemi said that government
would support the Nickel discovery
all through in line with the wealth
creation and job creation agenda of
its diversification plan.
Hugh Morgan, Director of Comet
Minerals Limited, in his presentation,
attested to the support of the Ministry
of Mines and Steel Development
over the nickel discovery.
He said his company has started
engaging the community, having
drawn the land ownership map
of the areas covered by the nickel
deposit.

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