In the area of solid minerals, the Minister of Solid Minerals Development, Dele Alake, has welcomed the decision of investors from the Republic of Mexico to visit Nigeria in search of investment in solid minerals.
In a statement signed by the Special Assistant to the Minister on Media, Segun Tomori, Alake said President Bola Tinubu’s administration has put in place incentives that will help make business easy for investors in the industry.
The incentives include zero duty on equipment imported for solid minerals extraction, and easy movement of profits to the countries of origin and tax holidays among others.
The Minister said investors in the mining industry are expected to sign the Community Development Agreement with the communities in the mining areas to ensure the socio-economic development of the region which will in turn benefit the people.
Nigeria’s outgoing Ambassador to Mexico, Adejare Bello, introduced the investors and assured the minister that the embassy had screened them and confirmed that they are genuine and serious businessmen and their investment will surely boost the economy.
Ambassador Bello said: “The Honourable Minister is aware that ambassadors have been recalled. This visit is the reason why I stayed back so that I can bring them to you. Now that I have achieved my mission, I will go back, pack my luggage and return home,” he said.
Speaking on behalf of other investors, President of Seccion Internacional Para Africa, Dr. Heriberto Cortes thanked the minister and added that they see Nigeria as their African home that deserves all the support in the quest to expand the economy.
He said the meeting with the minister has helped to chart their course and given them the assurance that their investment will be safe and profitable in Nigeria.