Border closure: FG considers waiver for mining equipment

Border closure: FG considers waiver for mining equipment

- The Nigerian government is considering a waiver for the importation of mining equipment into the country

- The disclosure was made by the minister of mines and steel development Olamilekan Adegbite

- According to the minister, the waiver will help Nigeria's mining sector which is at an infant stage

Nigeria's minister of mines and steel development, Olamilekan Adegbite, has said that the federal government is considering allowing a waiver on import duty for mining equipment.

Adegbite while responding to questions thrown at him at the Nigeria-Canada Investment Summit 2019 in Abuja on Monday, November 4, said Nigeria's mining sector is at an infant stage.

He said such opportunity helps investors to bring their experience and reap bountiful fruits for both countries.

He also said that the federal government has intimated the Canadian government of the many opportunities in Nigeria's mining sector.

He said: "The Canadians have come here, we’ve been there, about two weeks ago, my minister of state was there, in Toronto for this kind of summit because information is very powerful, they come here we avail them the opportunities that are in Nigeria and of course capital is to look for where to invest and make profit.”

Meanwhile, Legit.ng previously reported that Nigerians across various walks of life have commended the federal government's decision to close the nation's borders.

Some of these citizens supported the border closure which seems to be biting hard on other citizens especially businessmen and women.

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Source: Legit.ng

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