As part of incentives to serious investors, Minister of Mines and Steel Development, Dr Kayode Fayemi, has offered prospective investors in the Nigerian mining sector three years’ tax holiday. This incentive would commence from the date such investor resumes mining operations in the country.
The Minister stated this while speaking at the opening session of the recently concluded Africa Down Under Conference in Australia.
Fayemi said “the country is determined to return stronger to the global ore and mineral market and would drive the growth and development of the sector through the private sector.”
He reiterated that Nigeria is determined to build a world-class minerals and mining ecosystem designed to serve a targeted domestic and export market for minerals and metals, adding that part of the vision of the ministry is to contribute to job creation.