₦airaland Forum

TossTos:
Traoré is stopping foreigners from coming to their country to extract their resources while ours is celebrating their coming and still want more of them ..

treatise:
Their system abhor corruption but....

Gerrard59:
Ndi "China is bad"...

Please, how many Western mining firms have invested similar sums into our mining industry? How many Western firms have opened processing facilities to process the minerals as Chinese firms have done?

blowjohn:
So we cannot even mine minerals ourselves to export!

Edoreborn:
Bastards,,how much be 1billion dollar wey ds bastards dey celebrate? Some of dem even get more than that..They rather impoverish the people than to invest..

jimi4us:
$1billion dollars? That's it?

So-called Giants of Africa is boasting of attracting only $1billion.

APC have taken Nigeria 45 years backwards.

The next president in 2027 have to work 10X for Nigeria to recover from this APC calamity

PheelzAlmighty:
All these debt.
I hope one day Nigerians do not wake up into slavery sha

It's crazy

benels:
Only God knows why the likes of America is not cueing up on Our mining

The Senate Committee on Solid Minerals has pledged to provide legislative support aimed at protecting Chinese companies planning to invest $1 billion in the country’s solid minerals sector.

Representatives of the Chinese firms were at the National Assembly to secure the assurance of the federal lawmakers before investing their funds.

They planned to invest an initial $500 million in Zamfara, Kebbi and Nasarawa states and bring another $500m if they enjoyed a favourable outcome.

Arise News


President Tinubu and President Xi Jinpin.
https://subsites.chinadaily.com.cn/cppcc/att/20240904/1725419925529011319.jpg


Meanwhile, the acting Chairman of the Committee, Senator Onawo Mohammed Ogoshi (SDP – Nasarawa South), gave the assurance during an interactive session between the panel and a Chinese delegation.

According to a statement by his media office on Sunday, Ogoshi assured the delegation that the Senate will provide enabling legislation to protect their investments in any part of the country.

He said: “The Nigerian Senate is supposed to give you all the necessary encouragement to come and bring this huge amount of money to our economy.''

“Our laws on solid minerals exploration are very robust. We intend to make it more robust by amending some of the laws that are obsolete, outdated and enact laws that will give your companies better protection in doing good business in Nigeria,” he said.

He appealed to the delegation to bring in more investors into Nigeria to do business.

Also speaking, a member of the committee, Senator Adamu Aliero said: “I join the chairman to commend you for coming to invest in our country. You have come at the right time when the country is ... diversifying her economy.

“We had a mono-economy before now, where we depended heavily on oil for our foreign exchange earnings.

“However, the federal government has realised that we had no better choice than to look for other sectors of economy to earn revenue to finance our budget and solid minerals is one area where we have a lot of potentials.

“We will do all we can to facilitate your involvement in this sector. We will liaise with the Ministry of Solid Minerals at the national level to secure licenses and to give you permission to go and start mining.

“We will also talk to the governors and the traditional institutions to ensure that you have free access to the areas where you are going to do your business and once that is done, I don’t think you will have any problem,” he said.

Earlier, the leader of the delegation comprising some solid minerals exploration firms from China, Mr. Chen Twan of Zong Hong Kotai Group said that the delegation is coming up with an initial $500million to invest in three states of Nigeria, comprising Zamfara, Kebbi and Nasarawa.

He noted that if they do well within the first one year of their exploration in the three states, they would extend their investments to other states that have solid minerals’ potentials.

Mr. Chen Twan said: “If we test the waters and see that it is good, we will attract more investors to Nigeria to invest in minerals deposits.''

“As an international group, our company specialises in mining and bitumen. In the past few years, we have invested extensively globally, and on that strength, we have come to Nigeria to survey the possibility of investing in the mining and industrial park sectors in your country for the coming year.

“We also have another investment in Nigeria and we will make that known in the course of our stay in the country.”

Also, a representative of Nigerian investors and Managing Director of El-Tahdam Exploration Limited, Mr. Adamu Tah, said: “Over time, we have been engaging them for the past two years. We have gone to their factories in China.

“I have personally visited their factories for the past one year, I saw their processes and we know what they do and we trust them and we are a Nigerian based company.

“They are not coming to Nigeria on their own, they are coming based on the investigation they have done, the companies that we have and the licenses that we have acquired.

“So, they are coming to build on those licenses and that is why when they came, we had to introduce them to our fathers so that they will have full confidence of investing in Nigeria knowing that we are a true company doing the right thing and following the laws of the country.”

He said the support of the Senate has given them the courage to invest the huge amount of money in the nation’s solid minerals’ sector.

“With Senate’s support, they still want to invest more money into this venture and if that is good, they intend to invest another $1Billion into the solid minerals sector when this first phase of the investment scales through,” he said.

Kayberg:
If that will retain the love and unity among its people…
What is its honour as it is now?

donmik:
Quality foods

Good and more natural environment feel living

Happiness, at least cos what to eat is for sure

Stronger health cos clean environment

kings59:
Stop embarrassing yourself

The beautiful environment: the way streets are constructed, houses, trees, roads, and glowing lights. Those things would add to the picture effect.


I give up on Nairaland, too many illiterates here. I can't stay in an environment where fools, tribal bigots, and perpetrators are inhibited because I don't want to be like or sound like them.

No need to quote me because I have deactivated this account!


I'm done!

Watcharena:
When they kidnap her and demand 100m as ransom she will understand that everything is money

geoworldedu:
All these stories are for the poor Americans who are far less in number to the average and rich Americans.

franchasng:
There is no husband in Nigeria, Tinubu's destroyed economy has rendered many young men financially useless, so dear Miss Okoli, I hope you are ready to be the breadwinner of your marriage? No sensible, ambitious man will even take you serious after hearing about your irrational decision borne out of laziness, foolishness and stupidity.


That husband that made you leave United States of America where Nursing professionals are highly rewarded to come back to labor foolishly in Nigeria without first setting up a thriving business or investment to fall back on should things go south, you may not find one because most of them are struggling to survive Tinubu's harsh economy.


Time will teach you a hard lesson.

That small dollar you saved that is making you feel like you can survive Tinubu's damaged economy will soon finish, na today? You go soon start Lekki/VI hookup for survival, time will tell.

That propaganda APC failed government wants to use you to promote to deceive gullible Nigerians that Nigeria is now better than US, you will definitely regret it. Lazy girl forming nonsense, I know your type very well


Lazy girl looking for an easy way out of life, a waste to her family and community that she ought to have helped working in the US as a Nurse; her mates are opening free community healthcare centers in their hometowns after working in the US as Nurses to help their poor communities, she ran back to Nigeria because she is lazy to work while giving useless excuses

Dspsalvate:
Fake news (to me) is wrong way to make money

Obaaderemi2:
lol@bolded

Don't mind them. They can defend anything. You said Africans developed Europe, how can Africa has failed to develop itself?

VeeVeeMyLuv:
He is ignorant of the fact that these leaders have unlimited greed!

They will just hijack and wallop the $100trillion without batting an eyelid

RenaissanceGuy:
It's like somebody saying that he's very intelligent, but only chooses to be behaving like a mad man. If we're that sensible let's show it in city and town planning first. When we say a city is developed, it's not the number of professors, surgeons, computer scientists or even vehicle, ship or aircraft manufacturing factories it has, but the physical attraction—street layout, and the way houses, roads and bridges are neatly arranged we're talking about. If you can't get that right, if you like have a $30tr GDP, you're a joker.

RenaissanceGuy:
Quit basking in the glories of yesteryears. It's like Greece or Spain or Italy currently being a full-blown slum but telling us that they were once World powers bla bla blah.

RenaissanceGuy:
So why then are you saying Nigeria's underdevelopment is due to trillions Britain is owing it? Do you think if Nigeria receives $100tr today that it'll automatically develop into a Finland, Sweden or Singapore?? Money is just paper. It's intellect that develops a country.

RenaissanceGuy:
Rubbbbish. It's not natural resources that develops a country; it's meticulous use of the brain and thorough urban planning. A country can have zero natural resources but imports them from other countries and then processes them using its intellect and then make hundreds of billions of dollars annually while the African nations whom the resources were imported from can't manufacture ordinary razor.

mohbadliveson:
And even that 35 billion is being looted by your leaders, buying presidential jets about

gidgiddy:
Can we ever get there? Nigeria has never worked since 1960 to this day, what miracle will you do to get there?

Bouncingbabyboy:
You want to know the painful difference?
They take care of their environment while we are dirty over here

columbus007:
See Nigeria villages, see dirty, but this Nigeria dirty shaa.

Bigboytinz:
you don't have an idea what you wrote up there. Keep whining ignorantly. Same Malaysia that collected it's first seeds from Nigeria today is greater than Naija. Naija Singapore Malaysia were all on the same level 1965. Same all battered by colonialism. All

mohbadliveson:
Stop typing in all caps just because you want to make a useless point. Tha is a breach of Nairaland rules. You said UK owes Nigeria 50 trillion. E be like say too much book don make you craze

erad:
Very silly post riddled with Inferiority complex and low self esteem.