The Vice President of Nigeria, Yemi Osinbajo has said the Federal Government is committed to revive and develop the mining sector to attract more local and foreign investments.
Osinbajo made this known in his remarks at the opening of the 5th Annual Nigeria Mining Week Discourse Series, with the theme, “Top Seven Reasons to Invest in Nigeria’s Mining Sector.”
The vice president said that within the space of a year, the sector recorded a 26.7% increase in revenue generation from 2019 to 2020.
Osinbajo while highlighting the entry of outstanding investments already recorded in the sector said, “These investments include Thor Exploration Limited’s Segilola Gold Mine in Osun State, with an initial production capacity of 80,000 ounces of gold annually, representing the first large-scale gold mine in Nigeria.”