Following the country's renewed interest in the mining sector, the Federal Government has disclosed that the country's mining sector is now targeting a five percent contribution to the Gross Domestic Product (GDP) by the year 2025. Apparently, this is a leap from its 2016 position where it stated that it had re-positioned the mining sector to contribute three percent to the country's GDP by 2025. The Minister of Mines and Steel Development, Arch. Olamilekan Adegbite, made this known to New Telegraph, saying that the government's position had changed forthrightly because of the new developments in the sector.
The minister explained that the government had rolled out incentives to prospective mining investors willing to invest in the country, with tax holiday for investors willing to invest a huge amount of money in the country's economy. Adegbite explained that Nigeria was a nation rich in resources, with about 44 different types of solid minerals located in 500 locations across the country. According to him, these resources are going to be aggressively developed to fast track the sector's growth and contribution to the country's GDP…
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