Babatope Agbeyo, Chairman of Gem Giant Ltd, advocates for foreign investment in Nigeria’s mining sector, citing safety and a conducive environment. He emphasizes the role of state governments in supporting mining activities, while prioritizing community welfare. Oba Adebayo Faforiji praises Gem Giant’s initiative and potential mineral discoveries during the CDA signing ceremony, which leads to the establishment of their office in Faforiji.
Babatope Agbeyo, Chairman of Gem Giant Ltd, has urged foreign investors to consider Nigeria as a prime investment destination, particularly in the mining sector, emphasizing a conducive, secure, and safe environment. His advice follows the successful signing of a Community Development Agreement (CDA) with the Faforiji Community in Osun State, aimed at enhancing mining activities.
Agbeyo encouraged state governments to focus on creating enabling environments for mining projects that promote the development of host communities and contribute to both state and national economic growth. He also emphasized the importance of states providing support to ensure the safety and security of personnel and local communities involved in mining operations.
He called on the government to facilitate peaceful relations among all parties participating in mining undertakings and urged mining companies to adhere to regulations and Environmental and Social Impact Assessment (ESIA) guidelines.
Additionally, Oba (Dr.) Adebayo Faforiji, the King of the Faforiji community, commended Gem Giant for its initiative to explore and capitalize on local mineral resources. He expressed optimism about the potential discovery of gold and other minerals that would benefit both the community and the firm.
The event culminated in the foundation-laying ceremony for Gem Giant’s office in Faforiji, symbolizing the commencement of exploration activities that prioritize community welfare and comply with international environmental standards. Gem Giant Ltd is now prepared to move forward with its operations under this community-focused framework.
In summary, Babatope Agbeyo’s invitation to foreign investors to engage with Nigeria’s mining sector underscores the nation’s robust investment potential. By fostering secure environments and supporting regulatory compliance, Nigeria can attract investment that not only benefits investors but also enhances community welfare and economic development. The partnership between Gem Giant Ltd and the Faforiji Community serves as a template for such beneficial collaborations.
Original Source: businessday.ng
