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Nigeria: NIPC Partners Stakeholders to Attract Foreign Mining Investments

The Nigerian Investment Promotion Commission (NIPC) says it will partner the Nigeria -America Chamber of Commerce as well as the Ministry of Solid Minerals Development and relevant stakeholders to attract mining investments into the country.

At a media briefing in Abuja ahead of the 5th edition of the International Mining Investment Conference and Exhibition On Nigeria (IMICON) scheduled for August, Director General of the Commission, who was represented by Alhaji Aminu Suleiman Takuma said, the commission will continue to work with relevant stakeholders to market Nigeria’s solid mineral potentials to the world.

“We will continue to promote Nigeria’s interest locally and internationally. The diversification efforts of the present administration is commendable especially with the dwindling oil revenue. The solid minerals sector offers a viable alternative.

“Although the inherent challenge is that we have limited and outdated documents as regards this sector. Investors want to see a robust documentation of the mineral potentials of the country before they can put down their money,” he said.

Earlier, the President of the Nigerian-American Chamber of Commerce Alhaji Sherif Balogun said his organizations involvement, is to promote business relations between Nigeria and the United States staing that the upcoming conference would afford the relevant stakeholders and potential investors come together to initiate partnerships for the growth of the sector.

Acccording to the conference coordinator Ashley Emenike, IMICON is a private sector led initiative designed to foster information sharing that will lead to home grown investments in the mining sector.

Source: Daily Trust.