Over 2,000 participants are expected at the Nigeria Mining Week which kicks off next week Monday.
At a press conference to herald the event in Abuja on Friday, the minister of mines and steel development, Olamilekan Adegbite, said the event slated for 12th to 16th October will showcase Nigeria’s mining potential to the world.
“With the results we are getting, we have been able to go on roadshows, present our potentials to the world of mining. People are beginning to show interest and classify Nigeria as a mining country. During this Mining Week, we are going to showcase what we have to the rest of the world and people who are interested will explore. This year, we are going to have over 2000 participants from all over the world join us online.” Adegbite said.
The minister further said there are various incentives for both local and foreign investors who will invest in the sector.
“We have 3-5 years tax holiday for miners in Nigeria, duty and waiver on mining equipment imported into the country and government allows100% ownership for foreign investors,” he said.
President of Miners Association of Nigeria (MAN) Mohammad Kabiru Kankara said the annual gathering aims at providing support for the development of the local workforce and the mechanisation of the industry and at facilitating the dialogue between private and public sectors across the value chain, to boost the future of mining in Nigeria through collaboration and partnerships.
Director at PwC, Habeeb Jayieola, said Nigeria Mining Week has established itself over the past five years as the preferred mining showcase for technology providers where business happens.
“It is the one annual gathering for the entire mining value chain in Nigeria where the hot issues get tackled and has become a key driver for the industry to leap forward,” he said.