FG Pledges Support For Investors In Mining Sector

28 February 2021 By Georgina Humphrey

The Federal Government has promised to give necessary support to both national and international investors that are keen in investing in the Nation’s Minerals Sector.

Minister of Mines and Steel Development, Olamilekan Adegbite stated this while on a working visit to the mining site of a mining Company in Nasarawa State.

The Minister expressed satisfaction with the company’s activities, which he said is in line with the Federal Government’s initiative to diversify the economy through the mining sector.

He noted that the company is one of the successful stories that would encourage other investors to invest in the sector.

“There are a lot of Nigerians who actually have the financial capacity to invest, but are not sure of the sector. The success of this company will encourage other investors to come in and invest in the mining sector”, he said.

Adegbite thanked the State Government and the Traditional Rulers for their support for the project, saying that as the project grows, it will be mutually beneficial to all stakeholders.

“We have made mistakes in the oil sector, where the oil companies prosper and the communities are impoverished, We want to avoid that pitfall in the mining sector, hence, as the company prospers, the community also prospers”, he said.

Earlier, Nasarawa State Commissioner for Environment and Natural Resources, Musa Ibrahim Abubakar, stated that the company’s operations has given the teeming youth a lot of jobs.

He stressed that the state government is proud of the company for using modern technology in drilling, unlike others that do open cast mining thereby damaging the land with no clear reclamation plan.

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