Foreign investors want banks to invest in mining – Minister

Minister of State, Ministry of Mines and Steel Development Mr. Abubakar Bwari has joined foreign investors to appeal to banks to invest in mining. He made this known while declaring open the first Nigeria Metallurgical Industry Stakeholders’ Forum (MISF) held in Abuja.

The theme of the forum was: “Nigeria’s economic and industrial development through value addition in the metal sector”. Bwari said the foreign investors made the appeal in Australia at a mining forum where they complained about Nigerian banks’ non-commitment to the sector.

He added that of the African countries at the forum, Nigeria was most focused on investment interests. The Minister said effort would also highlight some of the challenges that had to do with mining and the way out. He said in as much as the government was paying attention to mining as a means of diversifying the economy, there was need for Nigerian banks to play their own role.

Source: The Nation

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