Senate Committee on Solid Minerals has promised to provide enabling legislations to protect Chinese companies prospecting to invest $500 million investments in solid minerals exploration in the country.
The acting Chairman of the Committee, Onawo Mohammed Ogoshi said this during an interactive session between the Chinese delegation and the Senate Committee on Solid Minerals resources at the weekend in Abuja.
Ogoshi assured the delegation that the Senate will provide enabling legislations to protect their investments in any part of the country.
“The Nigerian Senate is supposed to give you all the necessary encouragement to come and bring this huge amount of money to our economy.
“Our laws on solid minerals exploration are very robust. We intend to make it more robust by amending some of the laws that are obsolete, outdated and enact laws that will give your companies better protection in doing good business in Nigeria,” he said.
