The Minister of Mines and Steel Development, Mr Olamillekan Adegbite, says the country’s mining sector has received over 1 billion dollars in Foreign Direct Investments (FDI) in recent times.
Adegbite said this in his recent presentation of the ministry’s achievements during the 9th edition of “PMB Scorecard” series, organised by the Federal Ministry of Information and Culture.
According to him, the ministry has engaged over 500 prospective mining investors through international conferences, some of which have started setting up businesses in Nigeria.
He cited the Segilola Gold Company in Osun State, with an investment portfolio of 900 million dollars.
He said the company had paid about N1 billion to the Nigerian government in royalties.
Segilola Resources Operating Limited is a company domiciled in Osun State, that operates the Segilola Gold Project, located in Iperindo and Ido Ijesa.
