The federal government (FG) says miners operating in the country would qualify for a three to five-year tax holiday and waiver for imported mining equipment.
![](https://thenigerialawyer.com/wp-content/uploads/2024/11/TheNigerialawyer-WhatsApp-Channel1.jpg")
Olamilekan Adegbite, minister of mines and steel development, disclosed this while speaking to journalists in Abuja, ahead of the 5th annual Nigerian mining week to hold from October 12-16.
Adegbite said the purpose of the virtual event is to showcase the mining potential of the country to a global audience.
“With the results we are getting, we have been able to go on roadshows, present our potentials to the world of mining. People are beginning to show interest and classify Nigeria as a mining country, ” he said.
“During this mining week, we are going to showcase what we have to the rest of the world and people who are interested will explore. This year, we are going to have over 2000 participants from all over the world join us online.
“We have three to five years tax holiday for miners in Nigeria, duty and waiver on mining equipment imported into the country and government allows 100 percent ownership for foreign investors.”
Adegbite added that the ministry has a target of increasing the mining sector’s contribution to the nation’s gross domestic product(GDP) by 5% in 2025, a significant increase from its current contribution of less than 1%.
Kabir Kankara, national president of Miners Association of Nigeria(MAN) said the event would boost collaboration between local miners, suppliers, mining operators, and other relevant stakeholders.
“The annual gathering aims at providing support for the development of the local workforce and the mechanization of the industry and at facilitating the dialogue between private and public sectors across the value chain, to boost the future of mining in Nigeria through collaboration and partnerships, ” he said.
“With a network of industry leaders, investors, visionaries and pioneers transforming the face of mining in the country, Nigeria mining week is the place to be to uncover the latest projects, meet new partners, and land new deals.”
ARTIFICIAL INTELLIGENCE FOR LAWYERS: A COMPREHENSIVE GUIDE
Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd
Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria.
Bonus:
Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.
How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com
Ebook Version: Access directly online at: https://selar.com/prv626
________________________________________________________________________ The Law And Practice Of Redundancy In Nigeria: A Practitioner’s Guide, Authored By A Labour & Employment Law Expert Bimbo Atilola
_______________________________________________________________________
New Year Promo: Get Five Maritime Law Books For N150,000 — 63% Discount
The promotion, which commenced on January 8 and runs until February 8, 2026, offers five core maritime law books authored by Dr. Emeka Akabogu, SAN, ordinarily valued at N405,000, for just N150,000 — a 63% discount.
Interested buyers can place their orders through the following channels:
Phone: 0704 329 3271
Online Store: https://paystack.shop/aa-bookstore
Website: www.akabogulaw.com
______________________________________________________________________
