Adegbite Shocks UK Investors With Mining Business Potentials

The Minister of Mines and Steel Development, Arc Olamilekan Adegbite, Wednesday, wooed investors in the United Kingdom, UK, with investment potentials and incentives in the mining sector.

Adegbite who was the Chief Host at a Conference held in the UK with theme, ‘Nigeria Beyond Oil’ told participants that the government in Nigeria had embarked on several economic reforms to make the mining system robust and conducive for investors and operators as the government embarks on diversifying the nation’s economy through the sector, which he seized the opportunity to showcase Nigeria’s mineral and mining potentials including incentives.

According to him globally for over four decades, Nigeria is known to be an oil and gas producing and exporting nation, hence the focus on the oil and gas sector that led to 30 years underdevelopment and stagnation of the solid minerals sector that would have been a hub of investment.