{"id":47097,"date":"2022-12-09T19:00:16","date_gmt":"2022-12-09T19:00:16","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=47097"},"modified":"2022-12-09T19:00:24","modified_gmt":"2022-12-09T19:00:24","slug":"nigeria-receives-over-1bn-fdi-in-mining-sector-minister","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/nigeria-receives-over-1bn-fdi-in-mining-sector-minister\/","title":{"rendered":"Nigeria receives over $1bn FDI in mining sector \u2013 Minister"},"content":{"rendered":"<p>The Minister of Mines and Steel Development, Mr Olamillekan Adegbite, says the country\u2019s mining sector has received over 1 billion dollars in Foreign Direct Investments (FDI) in recent times.<\/p>\n\n\n\n<p>Adegbite said this in his recent presentation of the ministry\u2019s achievements during the 9th edition of \u201cPMB Scorecard\u201d series, organised by the Federal Ministry of Information and Culture.<\/p>\n\n\n\n<p>According to him, the ministry has engaged over 500 prospective mining investors through international conferences, some of which have started setting up businesses in Nigeria.<\/p>\n\n\n\n<p>He cited the Segilola Gold Company in Osun State, with an investment portfolio of 900 million dollars.<\/p>\n\n\n\n<p>He said the company had paid about N1 billion to the Nigerian government in royalties.<\/p>\n\n\n\n<p>\u201cThere is also African Natural Resources Ltd. with investment portfolio of of 600 million dollars, Kano Smith Gold Refinery, Duka Gold and Precious Metals,\u201d he said.<\/p>\n\n\n\n<p>He said the ministry also launched the Gold Durbar in Kano, in partnership with Kian Smith Trade Company.<\/p>\n\n\n\n<p>\u201cIt served as a regional gold market place to attract jewellers and gold buyers from across Nigeria, West Africa and the rest of the world.<\/p>\n\n\n\n<p>\u201cThe event has boosted investment in the gold value chain, increasing access to data, providing visibility for policy decisions, stimulating development of the trade of gold and developing the jewellery value chain,\u201d he said.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-47097\" data-postid=\"47097\" class=\"themify_builder_content themify_builder_content-47097 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Minister of Mines and Steel Development, Mr Olamillekan Adegbite, says the country\u2019s mining sector has received over 1 billion dollars in Foreign Direct Investments (FDI) in recent times. Adegbite said this in his recent presentation of the ministry\u2019s achievements during the 9th edition of \u201cPMB Scorecard\u201d series, organised by the Federal Ministry of Information [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":22644,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949,235],"tags":[202],"class_list":["post-47097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","category-resources","tag-mining","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria receives over $1bn FDI in mining sector \u2013 Minister - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/nigeria-receives-over-1bn-fdi-in-mining-sector-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria receives over $1bn FDI in mining sector \u2013 Minister - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Minister of Mines and Steel Development, Mr Olamillekan Adegbite, says the country\u2019s mining sector has received over 1 billion dollars in Foreign Direct Investments (FDI) in recent times. 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