Lagos - The federal government has removed all duty payable on mining equipment as part of measures aimed at encouraging investment in the sector.
Announcing the government decision, Minister of Mines and Steel Development, Musa Sada said the measure would also enhance job creation.
Companies wishing to benefit from the duty exemption were urged to present valid mining leases issued by the Ministry of mines and write a letter, which the Ministry would forward to the Ministry of Finance for processing.
Meanwhile, Sada hailed the recent development of a new coal mine, the Eta-Zuma Coal Mine, thereby bringing the number of large coal mines in the country to two.
It facilitated the creation of more than 1,2 million rural-based jobs arising from operations in about 1 800 quarries, 220 small-scale mining operations, 195 mining leases, 845 co-operatives and more than 2 000 exploration licences.
- CAJ News