Babatope Agbeyo, Chairman of Gem Giant Ltd, encourages foreign investment in Nigeria’s mining sector, citing a supportive environment and community development agreements. He calls for state government support and adherence to regulations, emphasizing safe and responsible mining operations. The King of Faforiji community, Oba Adebayo Faforiji, praises the company’s efforts to explore mining opportunities in the region, hoping for beneficial mineral discoveries.
Babatope Agbeyo, Chairman of Gem Giant Ltd, has urged foreign investors to consider investing in Nigeria, particularly in the mining sector. He emphasized that the environment for investment is conducive, safe, and secure, especially following a recent Community Development Agreement (CDA) signed with the Faforiji Community in Osun State.
Agbeyo encouraged state governments to foster an enabling environment for mining activities, promoting both the development of host communities and the overall economic growth of the state and nation. He also called on these governments to provide support in ensuring the safety and security of workers and community members during mining operations.
Moreover, Agbeyo highlighted the government’s role in mediating any conflicts that may arise among stakeholders. He urged other mining companies to comply with regulations and Environmental and Social Impact Assessment (ESIA) guidelines to maintain industry standards.
The King of Faforiji community, Oba (Dr) Adebayo Faforiji, commended Gem Giant Ltd for their dedication to exploring the community’s mining potential and expressed hope for the discovery of gold and other valuable minerals. He noted that despite speculation about the presence of gold in the region, no other company had previously undertaken such exploratory efforts in the community.
The event concluded with the laying of the foundation for Gem Giant’s office in Faforiji, marking the commencement of exploration activities that prioritize community welfare and adhere to best practices in environmental and social responsibility.
In summary, Babatope Agbeyo has articulated the advantages of investing in Nigeria’s mining sector, emphasizing safety, conducive environments, and the importance of state support for mining activities. The positive reception from the Faforiji community further highlights the potential benefits of such investments to both investors and local populations. By abiding by regulations and prioritizing community welfare, foreign investors can play a vital role in the sustainable development of Nigeria’s mining industry.
Original Source: businessday.ng
