• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

      Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

      President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

      Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO…

  • National
    • ASUU

      “No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike

      Nigerian Navy's newest landing ship tank launched in Sharjah, UAE.

      From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as…

      Police Officer

      Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover Weapons

      Shittu Yunus Shittu

      Can Nigeria Lead Africa’s AI Revolution? By Shittu Yunus Shittu

      162 years of the Nigerian Army celebrations

      The First Shot and the Long March: Reflections on 162 Years…

    • Government
      • ASUU

        “No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike

        NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting…

        At BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health…

        Tinubu conference centre generates N700m in 3 weeks – Wike

        Soldiers

        Soldiers, forest guards to tackle insecurity in Kwara State

  • Security
    • Nigerian Navy's newest landing ship tank launched in Sharjah, UAE.

      From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as…

      NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting…

      Police Officer

      Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover Weapons

      NDLEA Logo

      NDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects…

      NAF Airstrikes, NAF Air, NAF jets

      Scores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in…

  • Features
    • Nigerian Navy's newest landing ship tank launched in Sharjah, UAE.

      From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as…

      What Life Really Looks Like for Nigerians Battling Sickle Cell, By…

      Shittu Yunus Shittu

      Can Nigeria Lead Africa’s AI Revolution? By Shittu Yunus Shittu

      162 years of the Nigerian Army celebrations

      The First Shot and the Long March: Reflections on 162 Years…

      From SDP to ADA to ADC: Can the New Opposition Coalition…

  • State
    • NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting…

      NDLEA Logo

      NDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects…

      NAF Airstrikes, NAF Air, NAF jets

      Scores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in…

      Troops of Operation FANSAN YANMA

      Troops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in Katsina

      The suspected notorious Militia member

      Troops Nab Notorious Militia, Recover Weapons in Plateau State

  • Event
    • Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Troops of the Nigerian Army giving a salute

      162nd Anniversary: Tinubu Salutes Nigerian Army, Hails Troops as Guardians of…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

    • PR Nigeria Award
  • E-Paper
Home Government Invest in Solid Minerals Mining, FG urges Local Investors
  • Government

Invest in Solid Minerals Mining, FG urges Local Investors

By
Ekwugha S. Chinwe
-
November 5, 2019

Invest in Solid Minerals Mining, FG urges Local InvestorsRu
The Honourable Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, has called on local investors to invest in mining of solid minerals that are abound in the country, saying that such investment would encourage foreign investors to put their money in the Minerals and Metals Sector of the economy
The Minister stated this during a press briefing at the Ministry’s Headquarters in Abuja on Monday, November 4, 2019, to herald the 3rd edition of the National Council on Mining and Mineral Resources Development (NCMMRD) tagged: ‘Nigeria Mineral and Investment Sector, Spectrum for Investment Opportunities for Economic Growth and Development,’ holding from Wednesday 6th – Friday 8th, November, 2019, at Trade Fair Centre by Fountain Hotel, Archbishop Adetiloye Hall, Iyin Road, Ado Ekiti, Ekiti State.
He said the theme of the Council Meeting is to make the investing public and other stakeholders, especially Nigerians to be aware of the opportunities that are abound in the Minerals and Metals Sector.
“Opportunities are available in the sector to stakeholders and investors to invest their money. When an investor is coming from outside, the first thing to look at is what are the local people doing.”
“If the local people are not putting their money, then it can’t be lucrative. Basically that is what foreign investors look out for, that is why we are urging local investors, no matter how small, to come into the sector,” noting that this will encourage foreign investors to put their money into the mining business.
The Minister also called on the State Governors to form companies that would go into mining, as the law allows it, instead of the usual interference in mining activities in the states in the name of revenue generation.
He stated that mining is in the exclusive legislative list, but that in their eagerness to deliver the dividends of democracy, the governors often ‘jump into mining.’
“We are saying that rather than doing the way as they have been doing, the law has allowed them to form a company that can go into partnership or if they can, do it alone.”
Speaking further, he said the National Council Meeting, which is an advisory platform, comprised of state commissioners and permanent secretaries in charge of mining and mineral resources from the 36 states and FCT, including participants from the academia, private sector security, practitioners and leaders of mining unions, will be brainstorming on issues affecting all the stakeholders in the sector and initiate policies that will boost the industry.
According to him, the Council Meeting in Ado Ekiti is very appropriate as present Governor of the State, Dr. Fayemi Kayode, who was a former Minister of the Ministry, and also Chairman of Governors’ Forum, with his wealth of experience in the sector, is in the best position to help the ministry achieve most of the policy thrust and also to convince his colleagues to abide by the existing mining laws.
The Minister highlighted some of the milestones achieved through past Council Meetings, including development and implementation of the roadmap; improved transparency in mineral title administration; improvement in the ease of doing business amongst others.
He stated that the focus of discussions in this 3rd edition of the meeting would deepen the awareness of opportunities that would attract more investors into the sector.
The Minister of State, Dr. Uchechukwu Sampson Ogah, in his welcome address stated that the purpose of the briefing was to intimate the public on the forth coming events and efforts being made to move the sector to the next level.

Ekwugha S. Chinwe
ACIO
For: Director (Press)

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • fg
  • Local Investors
  • Solid Minerals Mining
Previous articleMaina’s ill-health stalls trial in N2B Fraud. ..court orders full medical examination
Next articleAisha Buhari support 6000 patients with gifts  in Kano
Ekwugha S. Chinwe
Ekwugha S. Chinwe
Xing

RELATED ARTICLESMORE FROM AUTHOR

ASUU

“No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike

NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting in Algeria

At BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health Systems

Tinubu conference centre generates N700m in 3 weeks – Wike

Soldiers

Soldiers, forest guards to tackle insecurity in Kwara State

MUSWEN Muslim Ummah of South West

MUSWEN Renews Call for Shariah Courts to Regulate Affairs of Muslims

Corporate Affairs Commission

CAC Unveils AI-Powered Registration Portal to Revolutionize Business Registration in Nigeria

Employment: ICPC Secures Conviction of FAAN Staff

Staff of PRNigeria with federal lawmakers

Federal Lawmakers Endorse PRNigeria Fellowship, Pledge Support for Youth Empowerment

G7 Countries

Iran Must Never Possess Nuclear Weapons – G7 Declare

Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi Arabia

Dantata laid to rest at Medina Cemetery

Legendary Business Mogul Aminu Dantata Laid to Rest in Madinah Cemetery

Recent Posts

  • “No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike
  • From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as a Force for National and Continental Stability By Musa Ilallah
  • NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting in Algeria
  • Nigeria Customs Takes Anti-Money Laundering Fight to the Skies
  • What Life Really Looks Like for Nigerians Battling Sickle Cell, By Hafsat Ibrahim
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
"No Pay, No Work": ASUU Orders Members to Commence Nationwide StrikeFrom Lake Chad to the Atlantic: The Nigerian Navy’s Rise as a Force for National and Continental Stability By Musa IlallahNPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting in AlgeriaNigeria Customs Takes Anti-Money Laundering Fight to the SkiesWhat Life Really Looks Like for Nigerians Battling Sickle Cell, By Hafsat IbrahimPolice Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover WeaponsNDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects in EdoGroup Condemns Amaechi’s Comment as Inciteful, DangerousScores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in Mandara MountainsTroops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in KatsinaNAF Airstrikes Crush Terrorist Camps in Mandara Mountains, Kill Senior JAS FightersAt BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health SystemsTroops Nab Notorious Militia, Recover Weapons in Plateau StateCan Nigeria Lead Africa’s AI Revolution? By Shittu Yunus ShittuTinubu to Troops: You Have My Full Backing to Crush Terrorists, Separatists
X whatsapp