Private investments in Nigeria’s mining sector hits $3.32b – Minister

So far, a whopping $3.32 billion in private investments have come into Nigeria’s mining sector, it was learnt yesterday.

The Minister of State for Mines and Steel Development, Hon Abubakar Bwari said the feat was acheived because of Federal Government’s commitment to growing the mining sector. He said the country is now ranked among the most conducive environments to do mining business in the world.

Bwari who spoke in Australia, at the Africa Down Under 2018 Conference, said the investment figure was provided by the Economic Recovery and Growth Plan (ERGP) Focus Lab.

Speaking on: “A New Dawn ln Nigeria’s Mining Sector”, in Australia, he said already, given this new trend, private investments into mining projects covering coal mining, gold mining and refining, foundry works, lead/zinc exploration and production, tin and columbite mining and processing among others, have experienced unprecedented leaps in production.

Source: The Nation

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