Babatope Agbeyo, Chairman of Gem Giant Ltd, encourages foreign investment in Nigeria’s mining sector, citing a safe environment and community development. He appeals to state governments for supportive policies and calls for regulatory compliance within the mining industry. The local community leader, Oba Faforiji, also supports Gem Giant’s initiative, expressing hope for the discovery of valuable minerals.
Babatope Agbeyo, Chairman of Gem Giant Ltd, has urged foreign investors to select Nigeria as their investment destination, particularly in the mining sector, citing a conducive, safe, and secure environment. His remarks followed the signing of a Community Development Agreement (CDA) with the Faforiji Community in Osun State, which enhances the local mining activities.
Agbeyo encouraged state governments to foster favorable conditions for mining operations, which will ultimately benefit both the local communities and the national economy. He emphasized the need for states to support the safety and security of both employees and community members engaged in mining activities.
He also called for government intervention to mediate any disputes among involved parties and urged other mining firms to comply with regulations and Environmental and Social Impact Assessment (ESIA) guidelines. Agbeyo reiterated the importance of state governments accommodating mining investors.
In a related viewpoint, Oba (Dr) Adebayo Faforiji, the King of Faforiji, commended Gem Giant for its commitment to explore and potentially exploit the community’s mineral resources. He expressed optimism for the discovery of gold and other minerals that could positively impact both the company and the local community.
Oba Faforiji highlighted the historical lack of engagement from other companies in exploring the community’s mineral wealth, appreciating Gem Giant’s local credentials and efforts to ascertain mineral deposits in commercial volumes. The event culminated in a foundation-laying ceremony for a Gem Giant office in Faforiji, symbolizing a collaborative effort towards exploration activities while emphasizing community welfare and adherence to international standards in environmental and social responsibility.
In summary, the invitation for foreign investors to consider Nigeria, especially its mining sector, comes from credible local leaders advocating for regulatory support, community cooperation, and the adherence to environmental standards. With the support of the state and community leaders, companies like Gem Giant Ltd are poised to enhance local economies while ensuring responsible mining practices that benefit all stakeholders involved.
Original Source: businessday.ng
