FG Receives Mexican Investors On Solid Minerals Development
The Nigerian Government says it has received some Mexican investors, who have pledged support to boost mining in the country. Minister of Solid Minerals Development, Oladele Alake lauded the decision of investors from the Republic of Mexico to visit Nigeria in search of investments in solid minerals. Welcoming the investors to his office recently, Alake said the administration of President Bola Tinubu has put in place incentives to ease business for investors in the industry. The incentives include; zero duty on equipment imported for solid minerals extraction, easy movement of profits to the countries of origin and tax holidays. The Minister added that investors are expected to sign Community Development Agreements with the communities in the mining areas to ensure the socio-economic development of the region that benefits the people. He said the administration is currently sanitising the industry citing the recent revocation of titles which failed to comply with the law on annual se