The Federal Government has announced a five-year tax subsidy for miners who operate in the country’s mining sector, as well as a waiver on imported mining equipment.
This was disclosed by the Minister of Mines and Steel Development, Arc Olamilekan Adegbite, while addressing journalists on the 5th Nigeria Mining Week holding from today (Monday) October 12-16, 2020 virtually in Abuja with 2000 participants expected to be in attendance.
According to Adegbite the event will showcase Nigeria’s mining potential to the world, which also will present the nation’s mining potentials to investors across the world, and that people are already showing interest who also have classified Nigeria as a mining country.
The 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 B2B 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.
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.
The conference and exhibition is organised by Miners Association Nigeria, MAN, and is hosted by the Ministry of Mines and Steel Development in association with Clarion Events and PwC.
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