FG Seeks Foreign Investors in Solid Minerals Development
The Federal Government says it is seeking foreign investors’ participation in the development of the mineral sector, Dr. Uchechukwu Ogah, Minister of State, Mines and Steel Development told foreign investors in Dubai.
Ogah spoke at Dubai World Expo 2021 to the theme of the event, “Investment in the Nigerian Gold Sector: Opportunities in the Gold Value Chain”, according to a statement issued by Mrs. Etore Thomas, Director, Press and Public Relations.
Nigeria minister told investors that Federal Government wants foreign investors’ involvement in mining to improve its economy.
Ogah, who was honoured with the “Excellence In Public Service Award” by FIN-Africa-UAE Trade and Investment Forum Dubai, appreciate His Royal Highness, Sheikh Hamdan bin Khalifa, for the whopping sum of $2 billion pledge to Nigeria.
He said that the Emirate had assured the Federal Government to ensure appropriate deployment of the funds when the Agreement is signed.
Ogah said that the Expo, with participants from over 200 countries, provided the opportunity to showcase the potentials of Nigerian minerals on Dubai soil with special emphasis on gold and other precious minerals abundant in Nigeria.
“There cannot be a better platform to showcase the Nigeria Gold sub-sector than on this platform with notable global organisations and investors, minerals beneficiation companies, global financial institutions, commodity trading companies among others all in one event.
He disclosed that the need for the diversification of Nigeria economy has become more compelling now in the post-COVID-19 era.
He added that the Federal Government has established policies that would support the sustainable development of Nigeria’s gold resources and development, as well as consideration of general matters on gold Mining Administration and Incentives.
According to the minister, President, Muhammadu Buhari led administration is determined to consolidate on the gains of diversification as it forms the critical backbone of industrialisation.
In his remarks, Zulfiquar Ghadiyali, Executive Director, Royal Office of Sheikh Hamdan bin Khalifa and Global Peace Ambassador, United Nations, said the 2 billion dollars pledge would be drawn from its Sustainability Fund.
Ghadiyali said that the pledge was to further cement the very close trade and bilateral relations that existed between Nigeria and UAE.
He noted that peace in Africa could only be attained through sustainable development, adding that, and “if there is a substantial development, you will automatically have peace”. # FG Seeks Foreign Investors in Solid Minerals Development
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