November 18, 2017

World Bank to fund mining projects in Nigeria

MINNING... World Bank to fund mining projects in Nigeria.. NAIJA INVEST

Nigeria’s mining sector is to receive a boost as the World Bank is packaging a two-year Externally Funded Output (EPO) aimed at boosting exploration activities in the years ahead. About two World Bank agencies, namely the Australian Agency for International Development (AusAID) and the Canadian International Development Agency (CIDA) are extending the funding support  at the instance of the World Bank and will be focusing on three key priority areas in the artisan miners’ development, mineral taxation and spatial analysis on economic corridor development. This is the second time World Bank will be funding projects in the mining sector in…

World Bank: “Nigeria has most attractive investment environment”

Nigeria has the most attractive environment for investment despite the current infrastructure challenge facing it, Marie Francoise Marie-Nelly, Country Director, World Bank, Nigeria, has said. Marie-Nelly stated this on the sidelines of the launch of the World Bank’s Investment Climate Assessment (ICA) report in Abuja on Thursday. She, however, said there was need for the country to improve its business environment in order to maximise the hugely untapped investment opportunities that exist across the country. Marie-Nelly said, “Nigeria has the most attractive environment for investment because Nigeria is a large market in the continent; it is the second largest economy…