• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

FG liberalizes the Mining sector, grants 5 years tax concession to miners

Chidi Emenike by Chidi Emenike
October 14, 2020
in Business News
FG liberalize mining sector, grants 5 years tax concession to miners and other perks
Share on FacebookShare on TwitterShare on Linkedin

The Federal Government of Nigeria has intensified efforts in liberalizing the mining sector, by granting five years tax holiday for miners who operate in the nation’s mining sector and waivers on imported mining equipment amongst other perks.

This was disclosed by the Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, and reported by Vanguard Newspapers.

Mr. Adegbite said, “We have three to five years tax holiday for miners in Nigeria. Also, duty and waiver on mining equipment imported into the country and government allows 100% ownership for foreign investors.”

RelatedStories

Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank

Dele Alake faults N9 billion allocated for Nigeria’s mining sector in 2025 budget, seeks upward review

January 12, 2025
Dr. Oladele Alake

Minister Alake urges mineral-rich African countries to favour equity over debt

March 11, 2024

The Nigeria Mining Week is an annual Business-to-Business event where key stakeholders in the mining sector are expected to converge to discuss and tackle key issues. Over the years it has been an enabler for the mining sector in Nigeria to leap forward.

Due to the pandemic, this year’s event will be virtual and the conference and exhibition are organized by Miners Association Nigeria (MAN), in conjunction with the Ministry of Mines and Steel Development, Clarion Events, and PwC.

Being a resource endowed country, the event is expected to avail an opportunity for the country’s potential to be exhibited to the rest of the world, enabling potential investors to have first-hand information about investment opportunities in the mining sector.

(READ MORE:Crude oil prices rally higher as OPEC+ ramps up effort to curb oversupply)

Backstory

Recall that Nairametrics had earlier reported sustained efforts on the part of the Ministry of Mining to shore up revenue and contribute to the GDP by 3.0% by 2025.

What they are saying

Commenting on the impact of the conference on the development of the mining sector in Nigeria, the National President of Miners Association of Nigeria, Kabir Kankara said, “The annual gathering aims at providing support for the development of the local workforce and the mechanization of the industry, and at facilitating the dialogue between the private and public sectors across the value chain, to boost the future of mining in Nigeria through collaboration and partnerships.

“With a network of industry leaders, investors, visionaries, and pioneers transforming the face of mining in the country, Nigeria Mining Week is the place to be, to uncover the latest projects, meet new partners, and land new deals.”

Why this matters

The recent efforts are in line with the drive of economic diversification as encapsulated in the Economic Recovery Growth Plan (ERGP). It is capable of increasing the revenue from the sector, creating more jobs, and reducing the over-reliance on oil.


Follow us for Breaking News and Market Intelligence.
Tags: Arc. Olamilekan Adegbitemining sector
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

Related Posts

Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank
Budget

Dele Alake faults N9 billion allocated for Nigeria’s mining sector in 2025 budget, seeks upward review

January 12, 2025
Dr. Oladele Alake
Manufacturing

Minister Alake urges mineral-rich African countries to favour equity over debt

March 11, 2024
Federal Government to activate full potentials of mining sector
Business News

Finance Minister says Federal Government is set to activate full potentials of mining sector

February 6, 2023
We need to de-risk mining sector to attract investment, Lekan Adegbite
Business

We need to de-risk mining sector to attract investment – Minister of Mining

January 3, 2023
We need to de-risk mining sector to attract investment, Lekan Adegbite
Business

Minister clears air, says FG will not handover Ajaokuta Steel to British firm

April 12, 2022
CBN revokes licence of Eyowo, 46 other microfinance Banks
Business

CBN disburses N151 billion to boost projects under real sector facility

January 26, 2022
Next Post
#EndSARS protest weighs on Nigerian Stock Market

#EndSARS protest weighs on Nigerian Stock Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Palmpay

first bank








DUNS

Recent News

  • Katsina Govt approves N23.8 billion for infrastructure, health, security, and hospitality projects 
  • Customs records $1.586 billion exports, 27,721 containers at Lilypond command in first half of 2025 
  • Average price of 5kg cooking gas rises to N8,323 in June 2025 – NBS  

Follow us on social media:

Recent News

Dikko Umaru Radda,

Katsina Govt approves N23.8 billion for infrastructure, health, security, and hospitality projects 

July 31, 2025
Customs records $1.586 billion exports, 27,721 containers at Lilypond command in first half of 2025 

Customs records $1.586 billion exports, 27,721 containers at Lilypond command in first half of 2025 

July 31, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics