Nigerian Government To Set Up $500 Million Exploration Fund
Headlines Africa
Welcome
Login / Register

Nigerian Government To Set Up $500 Million Exploration Fund

Thanks! Share it with your friends!

URL

You disliked this video. Thanks for the feedback!

Sorry, only registred users can create playlists.
URL


Added by Headlines Africa in Nigeria
157 Views

Description

Nigeria's government is in advanced talks with its sovereign wealth fund and stock exchange to create a $ 500 M exploration fund and corporate mining bonds. The instruments are expected to attract investment. Mining Minister Kayode Fayemi says Nigeria has made a promising nickel discovery and is looking for investors for a moribund steel plant as it tries to reduce reliance on oil exports. The OPEC member has made boosting the mining sector a priority as a slump in crude sales, which provide 70% of government revenues, has pushed Africa's biggest economy into recession.

Post your comment

Comments

Be the first to comment