Tax holiday starts with commencement of mining operations in country, Mines and Steel Development Minister Kayode Fayemi says in statement posted on ministry’s website.
* Nigeria has discovered nickel deposits in northern Kaduna state;
* Nigeria exempts import duty on mining equipment;
* Nigeria offers 100% foreign ownership of mining projects;
* Government to improve security around mining sites;
* NOTE: Aug. 16, Nigeria Seeks $7 Billion to Kick-Start Mines, Steel Industry. Source: Bloomberg