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Investors Hail FG proposed Nigerian Solid Minerals Corporation Plan

Following the revelation of the strategic roadmap by the Minister of Solid Minerals, Mr. Dele Alake to drive the industry, investors applauded federal government’s plan to setup Nigerian Solid Minerals Corporation (NSMC).

Presenting a robust case for investment in the country’s mining industry in Perth, Australia, the Minister disclosed that estatic investors besieged the Ministry’s exhibition boot after highlighting the nation’s strategic roadmap in the solid minerals industry.

In a statement by the Ministry’s Deputy Director Information, Alaba Balogun on Thursday, indicated that the solid mineral corporation would serve as interface between the global mining industry and Nigeria.

He stressed that the laws also permit investors to take profits out.

Alake emphasized that a major plan to display government’s readiness to assist investors is the massive investment into geoscientific investigation of Nigeria’s minerals, their grade and quantum to enable investors project with greater certainty the costs of their investments and the profits they can make.

Sequel to the prospect of the extensive occurrence of lithium in the country, the battery minerals making waves in the automobile industries, Alake said the progress made by investors such as Basin Limited in their Jupiter project, mining lithium in the North and Lithium King investments in the South West confirm reports of Nigeria as the most profitable destination for the precious mineral.

Assuring investors of safety and best returns, the Minister affirmed, “Nigeria is open for business and with our ongoing reforms in the solid minerals sector, I can assure every investor that comes into our country of conducive operating environment and good returns on their investments”.

Also, Dr. Stevens Davies and partner Hugh Morgan of Basin Limited, aligned opinion to that of the Minister, asserting that lithium deposits in several parts of Nigeria occur close to the surface requiring mainly quarrying for excavation.

Both investors revealed that their company is working on a nickel project that has shown good prospects in Nigeria.

Mr. David Gardner, a mining investor, who based in United Kingdom and Ghana attested to the minister in a meeting after the session how the roadmap has re-ignited his interest to invest.