Nigerian Mining Springs Opportunities for Foreign Investors
Commercial quality mineral resources abound in Nigeria but that’s not the issue here. While it’s true Nigeria has been blessed with grand quantities of gold, diamonds, iron ore, a variety of gemstones and lead, among others, find the technical expertise and financial savvy to take advantage of the resources has long plagued the region.
The Federal Gov’t of Nigeria is the custodian of the mineral resources on behalf of the citizenry and they are taking steps to make the resources more lucrative than before but investors have long been weary of sending their money to an area known for its political instability.
In decades past, the government granted mineral rights to investors so they could explore, mine and get the minerals to market but the gov't preferred to act as an owner-operator. T...