A Swiss multinational, Glencore Plc has indicated interest in investing in Nigeria’s solid mineral sector with a specific focus on nickel, cobalt and zinc.
This was made known following a meeting of the company’s representatives led by its Chief Executive Officer (CEO), Mr Gary Nagle with the Minister of Solid Minerals Development, Dele Alake
The CEO of the company expressed satisfaction with the efforts of the current administration especially in moving the economy away from oil and gas into solid minerals.
The minister affirmed Nigeria’s preparedness to embrace major international players in the mining sector, emphasizing that the ongoing reforms seek to streamline operations and enact favourable policies. Alake reiterated President Bola Tinubu’s commitment to establishing a robust governance framework to foster a conducive atmosphere for mining activities.
He further relayed the activities of the Ministry which include the security of mining sites through the creation of mining marshals, the provision of incentives and tax waivers and the opportunity to repatriate profit for multinationals.
He urged investors to take advantage of Nigeria’s favourable investment climate and vast mineral resources by investing in the sector.