The Federal Government has assured investors in Nigeria’s mining sector that their assets will be fully protected, as part of efforts to attract more investment into the industry.
Minister of Solid Minerals Development, Mr Dele Alake, gave the assurance during a recent engagement with stakeholders, stating that the government is committed to safeguarding investments and creating a stable business environment.
He explained that Nigeria’s adoption of international standards, including the Cape Town Convention, provides legal backing and protection for mining equipment and other movable assets used in the sector.
According to him, “the move is expected to boost investor confidence, improve access to financing, and encourage both local and foreign participation in the mining industry”.
The minister added that the ongoing reforms by the Federal Government was aimed at strengthening regulations, improving transparency, and positioning Nigeria as a competitive destination in the global mining sector.
