Minister of state for Solid Minerals, Hon Abubakar Bawa Bwari said Nigeria will continue to welcome investors with open arms, but they must be mindful of extant regulations.
Hon Bwari said in this era of sustainable development and corporate social responsibility, investors should be careful not to do anything that will harm the people or further damage the environment.
Speaking while receiving a delegation from China’s biggest steel manufacturing plant, the HBIS-Tangshan Group, which has completed plans to establish an integrated 3 million tonne steel plant in Nigeria, Hon Bwari said we must try to avoid the mistakes of the past.
“These laws are in the long run mutually beneficial to the investors and the people of our country and we urge you to abide strictly by them,’’ he said.
He thanked the Group for its commitment towards investing in Nigeria saying it is a mark of the great confidence investors have on the potentials of this nation and the integrity of the current administration that the HIBISH-Tangshan Group was willing to commit so much to a business in Nigeria.
The minister also said it is propitious that the group is coming at a time when the nation is focusing attention on looking for alternative sources of foreign exchange. He said, ‘’This ministry will give you all the cooperation you need but there are certain conditions of safety, propriety and quality that must be adhered to by our partners’’