Friday, 7 April 2017

Miners of seven minerals in Nigeria will be getting tax holidays



   Dr Kayode Fayemi, Minister of Mines and Steel Development, made the promise at a stakeholders meeting of the Association of Miners Processors of Barite and Tse Torkula Community in Guma Local Government area of Benue state, which also had the Minister for State Mines and Steel Development, Abubarkar Bwari, in attendance.

   Fayemi said that out the 40 solid minerals in the country, the Federal Government was concentrating on seven minerals for full exploration, as they also get free duty on all mining equipment.
The minister however advised miners to adequately compensate host communities for peace and healthy working condition.
   On his part, Mike Mku, Vice President, Association of Miners and Processors of Barite, appealed to the Federal Government to ban importation of barytes into country, saying that local processors of barytes had enough to sustain the oil and gas companies.

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