The Minister of Solid Minerals Development, Dr Dele Alake has described Nigeria as Africa’s choice mining investment destination to Australian investors. He said that was due to its incentives and policies designed to promote ease of doing business in the sector.

Alake made this statement while virtually making his address at the Nigeria-Australia Investment Roundtable. is contained in a statement by his Special Assistant on Media, Segun Tomori, on Thursday in Abuja.

Investors in the mining sector in Nigeria are granted a tax holiday of three to five years, deferred royalty payments, and exemption from customs and import duties for their equipment, among other benefits.

He urged the community of investors to consider Nigeria highly as their investment destination, especially with the commitment of President Bola Tinubu’s administration to removing impediments to the ease of doing business.

“Australians seeking to expand their mining portfolio to Africa should prioritise Nigeria in view of our positive investment friendly policies and ongoing rapid transformation. “Many of the heavy equipment imported for mining can be evaluated to qualify for tax waivers and exemption from import duties.”

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