The president said his government intend to elevate Nigeria's critical mineral resource wealth from potential to reality
AFNIS 2024: Only mining licences with ‘local value addition’ will be issued to investors —TinubuPresident Bola Tinubu has instructed the Ministry of Solid Minerals Development to issue mining licences to investors only if tied to “local value-addition” to curb losses incurred during the export of mineral resources.
In his remarks, Mr Tinubu said his government is fully committed to creating an enabling business environment to attract investment that encourages ‘value addition’ on solid minerals before they are exported. “Therefore, the Ministry will only be issuing mining licences if tied together with local value-addition,” the president said.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.
“Africa holds vast potential in the sphere of local value addition. It is not merely about extracting minerals; it is about processing and refining them, thereby adding significant value,” the president noted. “Through robust Corporate Social Responsibility initiatives and proactive community engagement, our goal is to empower communities and foster inclusive development,” the minister said.
“The CDA exemplifies our unwavering dedication to sustainable development, transparency, and the enduring prosperity of all communities involved,” he said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
African Natural Resources and Energy Investment Summit, AFNIS 2024, holds in AbujaThe summit, with the theme ‘Natural Resources for Economic Development,’ will hold from 16th to 18th July, 2024 at the State House Conference Centre, Abuja, Nigeria
Read more »
2024 admission begins as JAMB holds 2024 policy meeting ThursdayThe stage is now set for admission into the nation's tertiary institutions as the long awaited 2024 policy meeting held annually by the Joint Admissions and Matriculation Examination, JAMB, holds this week.
Read more »
Euro 2024 Final: Local league potency proven by England, ItalyThe 2024 UEFA Euro Championship concludes on Sunday with Spain and England proving the veracity of having strong local football leagues.
Read more »
![Ballon d’Or 2024 ranking: Rodri takes lead after Copa America, Euro final [Top 5]](https://i.headtopics.com/images/2024/7/15/vanguardngrnews/ballon-d-or-2024-ranking-rodri-takes-lead-after-co-ballon-d-or-2024-ranking-rodri-takes-lead-after-co-AA81E367FE4161DED0C1FC8CB4959648.webp?w=640)
Ballon d’Or 2024 ranking: Rodri takes lead after Copa America, Euro final [Top 5]With the conclusion of Euro 2024 and the 2024 Copa America, the ranking for the Ballon d’Or 2024 has taken a new dimension.
Read more »
Jahman receives LSA 2024 Distinguished Personality AwardLagos Studies Association has announced Jahman Oladejo Anikulapo as the Winner of the 2024 LSA Distinguished Personality Award.
Read more »
Euro 2024: Underwhelming teams, dark horses as Round of 16 kicks offEuro 2024 featured 24 teams for the first time, in what was a newly-expanded format for the tournament. Although a lot of fans have claimed not to enjoy the matches, they have at least enjoyed some shock results, quick VAR resolutions, stunning goals and a slew of own goals. Spain has been pretty good.
Read more »