Exciting times are unfolding in Nigeria’s solid minerals sector! The recent landmark agreement between Dukia Gold & Precious Metals Refining Co. Ltd and SGS Bateman for polymetallic mining operations is not just a deal; it’s a powerful signal of Nigeria’s growing attractiveness as a mining investment destination.
Adding significant weight to this positive momentum, Nigeria’s Minister of Solid Minerals Development, Dele Alake, has issued a robust assurance to foreign investors: their assets are not just welcome, but strongly protected under Nigerian law. This guarantee is a critical development for anyone looking to tap into Nigeria’s vast mineral wealth.
Minister Alake underscored the country’s unwavering commitment to the Cape Town Convention on International Interests in Mobile Equipment. For investors, this is more than just legal jargon; it’s a globally recognized framework that provides robust legal protection for high-value mobile assets, significantly de-risking investments in sectors like mining.
The Convention’s adherence means that investors in Nigeria’s mining sector can proceed with greater confidence, knowing that their equipment and assets are safeguarded by an internationally respected legal instrument. This commitment directly supports the kind of substantial foreign direct investment seen with the Dukia and SGS Bateman partnership, which is poised to unlock significant value from Nigeria’s diverse mineral resources.
This proactive stance by the Nigerian government, particularly through the Ministry of Solid Minerals Development, is crucial for fostering a stable and predictable investment climate. It sends a clear message to the global investment community that Nigeria is not only open for business but is also serious about upholding international best practices for asset protection.
With such assurances in place, coupled with the immense potential of its mineral resources, Nigeria is firmly positioning itself as a premier destination for solid minerals investment. The future looks bright for the sector and for the nation’s economic diversification goals.
Source: Original Article
