Post by Trade facilitator on Apr 23, 2013 13:47:32 GMT 1
VENTURES AFRICA- Nigeria has urged Brazilian investors to exploit diverse opportunities presented by its agriculture, minerals and metals sector.
Nigeria decided to partner Brazil on agriculture because of its growing global influence, which was due to its ability to feed itself and export to the rest of the world; a statement signed by the Director of Press in the Ministry of Agriculture, Idowu Jokpeyibo said.
The West African nation is also willing to commit to a mineral and metal exploration partnership with Brazil, world’s sixth largest economy; to strengthen trade ties and collaborate for the development of Nigeria’s minerals and metals sector.
Speaking at a business forum with some Brazilian investors, Minister of Mines and Steel Development, Musa Mohammed Sada, who was represented by the Permanent Secretary, Linus Awute, said Nigeria is blessed with huge deposits of several minerals like coal, bitumen, iron ore, gold, limestone, lead and zinc, which are open to local and foreign investments for strategic development of the nation’s economy .
“Government has repositioned the minerals and metals sector in line with the international best practices with the enactment of transparent laws, regulations and guidelines for the regulation of the sector; creation of a favourable fiscal regime that would be beneficial to the holders of the mineral titles, the government and the communities living on the land where minerals are exploited; setting up of institutional frameworks for the generation, storage and dissemination of geological and mining information; provision of transparency and access by the public to mining sector information; provision of clear safeguards for health, safety; and intergenerational equity with respect to the environment among others,” he said.
While noting that there are Brazilian companies already in operation in Nigeria; Brazil’s Director of the Department of Trade and Investment Promotion of the Ministry of External Relations, Rubens Gama said Brazil has the required technical expertise in agro allied industry and was ready to invest in the Nigeria’s economy.
Source: www.ventures-africa.com/2013/04/nigeria-wants-brazil-investors-to-invest-in-agric-solid-minerals-sector/
Nigeria decided to partner Brazil on agriculture because of its growing global influence, which was due to its ability to feed itself and export to the rest of the world; a statement signed by the Director of Press in the Ministry of Agriculture, Idowu Jokpeyibo said.
The West African nation is also willing to commit to a mineral and metal exploration partnership with Brazil, world’s sixth largest economy; to strengthen trade ties and collaborate for the development of Nigeria’s minerals and metals sector.
Speaking at a business forum with some Brazilian investors, Minister of Mines and Steel Development, Musa Mohammed Sada, who was represented by the Permanent Secretary, Linus Awute, said Nigeria is blessed with huge deposits of several minerals like coal, bitumen, iron ore, gold, limestone, lead and zinc, which are open to local and foreign investments for strategic development of the nation’s economy .
“Government has repositioned the minerals and metals sector in line with the international best practices with the enactment of transparent laws, regulations and guidelines for the regulation of the sector; creation of a favourable fiscal regime that would be beneficial to the holders of the mineral titles, the government and the communities living on the land where minerals are exploited; setting up of institutional frameworks for the generation, storage and dissemination of geological and mining information; provision of transparency and access by the public to mining sector information; provision of clear safeguards for health, safety; and intergenerational equity with respect to the environment among others,” he said.
While noting that there are Brazilian companies already in operation in Nigeria; Brazil’s Director of the Department of Trade and Investment Promotion of the Ministry of External Relations, Rubens Gama said Brazil has the required technical expertise in agro allied industry and was ready to invest in the Nigeria’s economy.
Source: www.ventures-africa.com/2013/04/nigeria-wants-brazil-investors-to-invest-in-agric-solid-minerals-sector/
