Nigeria seeks Canadian expertise to boost mining sector reforms
The Federal Government is ramping up efforts to transform Nigeria’s mining sector, with Dele Alake, Minister of Solid Minerals Development, emphasizing the country’s readiness to partner with Canada for advanced technology and investment. During a meeting with Canadian High Commissioner Pasquale Salvaggio, both sides discussed deepening bilateral cooperation to attract investment and implement global best practices. The government is focusing on creating a transparent and investor-friendly environment, with incentives to boost confidence. Both countries agreed to establish a joint working group to identify priority areas for collaboration in mining.
What we know
- Dele Alake highlighted the importance of leveraging Canada’s mining expertise and technology to accelerate reforms and unlock Nigeria’s economic potential.
- The Federal Government is prioritising formalisation of artisanal mining, capacity building, technology transfer, and improved regulatory oversight.
- Incentives such as tax waivers on imported mining equipment and full repatriation of profits are being offered to attract investors.
- Pasquale Salvaggio praised Nigeria’s recognition of Canada’s support and emphasized the potential for expanded trade and investment, particularly in mining.
- Both parties agreed to set up a joint working group to develop clear timelines and measurable outcomes for renewed bilateral engagement in the mining sector.
