The Federal Government has reassured investors in Nigeria’s mining sector of full protection for their assets, as part of intensified efforts to attract more investment into the industry.
Minister of Solid Minerals Development, Mr. Dele Alake, made this assurance during a recent stakeholder engagement, emphasizing the government’s commitment to safeguarding investments and fostering a stable business environment.
He noted that Nigeria’s adherence to international frameworks, including the Cape Town Convention, provides legal backing for mining equipment and other movable assets within the sector.
“This initiative is expected to enhance investor confidence, improve access to financing, and encourage both local and foreign participation in Nigeria’s mining industry,” the minister said.
Alake added that ongoing reforms by the Federal Government aim to strengthen regulations, promote transparency, and position Nigeria as a competitive destination in the global mining space.
The minister’s remarks come amid efforts to formalize the mining sector, tackle illegal operations, and ensure a conducive environment for genuine investors.
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