Nigeria Offers Three-Year Tax Holiday to Mining Investors

September 9, 2016

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