The Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, on Tuesday, said that Nigeria’s mining and the metal sector is set to witness increased interest from foreign investors as a result of the successes recorded by Segilola Resources Operating Limited in gold production.
“An Aurelian company came into Nigeria in 2021, brought some investment in and others are about starting operation while another company who has also made imprints in Nigeria is acquiring equities right now. According to the statement: “We need more of Segilola in Nigeria, you are the pioneer and we are happy that it is a success story because when I started going to the mining calendar events and inviting them to invest in the sector, they were hesitant as they saw Nigeria as a shark-infested water and wanted to see who dived in and came out first. They wanted to see how Thor’s exploration will fair, your success story is out there now and everybody wants to be the next Segilola.
He encouraged communities to be receptive to mining companies so as to accelerate development in their communities, provide job opportunities for their teaming youth and create wealth. He called on more foreign mining companies to invest in Nigeria and take advantage of the abundant mineral resources, not just gold but also other minerals spread all over different parts of the country such as Lithium, Coal, Nickel and Cobalts, among others.
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