• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Sunday, June 15
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Business»Labour»FG Offers Tax Holiday To Solid Mineral Miners
Labour

FG Offers Tax Holiday To Solid Mineral Miners

By orientalnewsngApril 7, 2017Updated:April 7, 2017No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Image result for kayode fayemi
Yemisi Izuora

The Federal Government has offered to give tax holidays to miners of seven minerals in the country.

Kayode Fayemi, the Minister of Mines and Steel Development, who made the promise at a stakeholders meeting of the Association of Miners Processors of Barite, AMAPOB, and Tse Torkula Community in Guma Local Government Area of Benue State, said that out the 40 solid minerals in the country, the federal government was concentrating on seven minerals for full exploration.

“As a country, we have the best tax holidays worldwide, all miners have three years tax holidays from the government.
“Again, out of the 40 minerals in the country, we have selected seven strategic ones for concentration.
The minerals are limestone, barytes, iron, bitumen lead and zinc.

“We also have duty free on all mining equipment,” he said at the event also attended by the Minister for State Mines and Steel Development, Abubarkar Bwari.

Mr. Fayemi advised miners to adequately compensate host communities for peace and healthy working condition.
“We are seriously discouraging a situation where miners fail to compensate host communities either by cash or through inequities that are resulting to unhealthy situations. We need a healthy environment to work”.

He said that the government needed to massively inject funds and create good market environment for full mining activities to take place in the country.

He said that there were serious mining activities ongoing in the country other than cement, but were not heard about until this national tour of mining sites by government.

The minister said that Benue, Nasarawa and Cross Rivers states had large quantities of barytes to satisfy the needs of the oil and gas companies.
He said that the government was likely to commenced substitution or ban importation of barytes for oil companies to patronise barytes produced locally.

Mike Mku, the Vice President of AMAPOB, appealed to the federal government to ban importation of barytes into country.
Mr. Mku said that the local processors of barytes had enough to sustain the oil and gas companies.

He said his members lacked equipment, infrastructure and market to sell their products since the oil companies were currently importing barytes.

He appealed to government to leverage on local content by partnering with them for effective output in the mining sector.

Gregory Tarkubu, spokesperson for the host community, promised their cooperation and support to the mining project in the community.

The minister visited Dajo Pottery, REMICO Processing Plant and Ploygaurd Investment while in the state.

Share this:

  • Share
  • Email
  • Tweet
  • Reddit
featured slider
orientalnewsng

Related Posts

Faces At CIIN Night Of Talents In Lagos Yesterday

March 19, 2022

Fuel Queues: MOMAN Extend Operational Hours

February 16, 2022

DSP Abba Kyari On NDLEA Wanted List

February 14, 2022

Leave A Reply Cancel Reply

The latest
  • Court Jails Four Filipinos, Seven Nigerians For Cyberterrorism, Internet Fraud
  • Apapa Customs Command To Boost Rail Cargo Movement
  • EFCC Arraigns Jesam Michael Over Alleged Investment Scam
  • NYSC Urges Corps Members To Be Of Good Behaviour
  • Air Peace Expands Africa’s Global Reach
  • Heirs Insurance Utilizes Influence Of Entertainment Industry To Advance Insurance Growth 
  • Nigeria’s Maiden Insurance Week To Boost Sector’s Growth Target
  • IEA Highlights How 2025 Global Energy Investment Will Hit $3.3 Trillion 
  •  EU Nations Requires $278 Billion Investment To Boost Nuclear Power Capacities
  • Spiraling Rig Increase Sign Of Revitalised Upstream Oil Sector In Nigeria- NUPRC 
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2025 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.