Global investor interest in Nigeria mining sector

ke miningFrom EMEKA OKONKWO in Abuja, Nigeria
ABUJA, (CAJ News) – GLOBAL players, service and technology providers are eager to go beyond their shores and tap into opportunities vast in in minerals-rich Nigeria.
This emerged from the just-ended second edition of the Nigeria Mining Week conference and exhibition in the capital Abuja.
Some 14 nations participated.
Over 700 mining experts and decision makers attended.
The exhibition saw some 23 leading local and global industry leaders showcase their products and services while 476 visitors were able to take advantage of the free technical workshop programme to grow artisanal and small-scale operations.
More than 80 mining houses were represented at the high-level strategic conference.
Nigeria Mining Week once again enjoyed strong support from local government and industry alike.
“It was not only a landmark achievement but an encouragement for the mining sector,” said President of the Miners Association of Nigeria, Sani Shehu.
Mines and Steel Development Minister, Kayode Fayemi, during his opening keynote address, said according to a recently released World Risk Report, Nigeria had made remarkable improvements in both hard risk and perceived risk factors.
The Nigerian Mining jurisdiction is now considered to have a better investment risk profile than Russia, China, India and several other leading jurisdictions.
“Nigeria is now perceived to have a better investment risk profile than New York,” Fayemi said.
Nigeria is working on a strategy to diversify its economy from an overreliance of the troubled oil industry.
– CAJ News

Short URL: http://cajnewsafrica.com/?p=23626

Posted by on Nov 8 2017. Filed under Africa & World, Featured, Finance, Mining, Mining & Engineering, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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