Babatope Agbeyo, of Gem Giant Ltd, urges foreign investors to prioritize Nigeria, particularly in the mining sector. He emphasizes the need for state governments to create conducive environments for mining operations, ensuring safety and community welfare. The commitment to responsible mining practices was marked by a Community Development Agreement with the Faforiji Community, signaling potential economic benefits for both the community and investors.
Babatope Agbeyo, chairman of Gem Giant Ltd, urges foreign investors to choose Nigeria as their destination for investment, particularly in the mining sector, highlighting its conducive, safe, and secure environment. This appeal comes after the successful signing of a Community Development Agreement (CDA) with the Faforiji Community in Osun State, which signals a commitment to responsible mining practices.
Agbeyo recommends that state governments create favorable conditions for mining investments, contributing to the economic growth of both the host communities and the nation. He emphasizes the importance of accommodating mining companies and ensuring the safety and security of workers and local residents during mining operations.
He also calls for government intervention to help broker peace among all involved parties, stressing the need for compliance with regulations and Environmental and Social Impact Assessment (ESIA) rules by mining companies. Agbeyo reiterated that a collaborative effort from all parties can facilitate successful mining ventures in Nigeria.
Oba (Dr) Adebayo Faforiji, the King of Faforiji Community, praised Gem Giant for its initiative and commitment to exploring mineral potentials in their region. He expressed hope for discovering gold and other valuable resources that would benefit both the community and the company. The community has long waited for such exploration, and the involvement of a local company like Gem Giant has been warmly welcomed.
The event marked the laying of the foundation for Gem Giant’s office in Faforiji, signaling the start of exploration activities that promise to prioritize community welfare while maintaining international environmental and social responsibility standards. With the CDA in place, Gem Giant Ltd is prepared to launch its operations.
Overall, Nigeria is being positioned as a prime destination for mining investments, relying on effective partnerships between investors, government, and local communities for mutual benefit.
In summary, Babatope Agbeyo’s appeal for foreign investment in Nigeria’s mining sector emphasizes the favorable conditions for such initiatives. By fostering collaboration and safety, along with community development, both investors and local communities stand to gain significant economic benefits. The endorsement from community leaders further strengthens this call, presenting an encouraging landscape for mining investment in Nigeria.
Original Source: businessday.ng
