Nigerian President Tinubu directs local value addition for mining licenses to boost revenue and attract investment.
Nigerian President Bola Tinubu has directed the Federal Ministry of Solid Minerals Development to issue mining licenses only if they involve local value addition. This initiative aims to boost the nation's revenue from the mining sector, engage young Nigerians in economic activities, and contribute to foreign exchange earnings. Tinubu's administration plans to make Nigeria a leader in critical metals and create an enabling business environment to attract investment promoting value addition on solid minerals before exportation.
July 17, 2024
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