Fayemi woos foreign investors with three years tax holiday

The Minister of Mines and Steel Development, Dr Kayode Fayemi, on Wednesday offered prospective investors in the Nigerian mining sector three years tax holidays, as part of Federal government’s incentives to serious investors. The tax holiday, according to the Minister, would commence from the date the investor commences mining operations in the country. Speaking at …

FG approves new mining roadmap, new name for ministry

The Federal Executive Council on Wednesday approved a new roadmap for the growth and development of the nation’s mining sector and the renaming of the Federal Ministry of Solid Minerals. The ministry will now be known as Federal Ministry of Mines and Steel Development. The Minister of Mines and Steel Development, Dr Kayode Fayemi, disclosed …

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AfDB endorses FG’s Mining Roadmap

The African Development Bank (AfDB) has endorsed the Federal Government’s Roadmap for mining, ahead of  the public presentation of the document by the Ministry of Solid Minerals Development. Titled “Roadmap for the Growth and Development of the Nigerian Mining Industry- On the Road to Shared Mining Prosperity”, the document is a comprehensive policy agenda for …

Discovery of Nickel in Kaduna State

The Ministry of Solid Minerals Development is aware of the excitement in the media about the discovery of Nickel in parts of Kaduna State. This is totally understandable considering the partial assay of the mineral assets referenced. The Ministry is aware of the occurrence of the mineral in the area. Since the first discovery many months ago, technical …

Fayemi Disowns Phony Facebook Accounts

The attention of the Minister of Solid Minerals Development, Dr Kayode Fayemi, has been drawn to the unscrupulous activities of some individuals who use phony Facebook accounts in his name to defraud unsuspecting members of the public. These fraudsters operating through different phony Facebook accounts with the photograph of the Minister usually use these platforms …

Ajaokuta: Last chance for targeted sale

NIGERIA got another chance last week to revitalise its steel industry when it re-possessed the Ajaokuta Steel Complex after protracted negotiations with the concessionaire. With arguably sub-Saharan Africa’s largest integrated steel production facility back in its hands, the Federal Government is once again well-placed to kick-start a thriving industrial revolution that has been 40 years …