According to Dr. Kayode Fayemi, The Nigerian Minister of Mines and Steel Development, The Federal Government of Nigeria is offering tax holidays and duty waivers on imported mining equipment to foreign investors involved in the Nigerian mining sector.
Dr. Fayemi made this known at a conference in Australia where he spoke on the topic ‘Mining for Shared Prosperity: Why Nigeria, Why Now?’.
Dr. Fayemi highlighted renewable tax holidays, duty waivers on imported mining equipment, and 100 ownership of business concerns as some of the incentives available to investors in the mining industry in Nigeria.
This development is expected to arouse the interest of investors towards getting involved in the sector in Nigeria.
