Nigeria will give three to five years tax holiday to foreign investors planning to invest in Nigeria’s mining sector, Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, has said.
This was contained in the minister’s speech at 16th Mines and Money conference holding in London.
“Now, you can own 100% of your business, bring in mining equipment without paying any duties, and get 3 – 5 years tax holidays,” he said.
Similarly, the minister, who hosted a delegation from International Mining and Resources Conference (IMARC), said Nigeria had to leverage on the conference in London to enlarge her frontiers in the area of wooing investors into the solid minerals sector.
“We are looking forward to using this conference to leverage on the various potentials and investment possibilities that abound in Nigeria. Our level of mining will determine where investors and promoters can come in,” Bwari said.
The Global Head of Mining Sales for IMARC, Mike Hill, said they sought to meet with the minister to key into the conference because 93 countries were participating.
