- Plateau mine blast kills 38, site shut down
- Nigeria seeks $1bn yearly mining FDI
ABUJA, NIGERIA – Nigeria is targeting $1bn in annual foreign direct investment for mining, but a fresh wave of deadly accidents threatens to undermine investor confidence in the sector.
The federal government unveiled the target in its industrial policy on February 15, projecting mining as a cornerstone of its diversification drive away from crude oil. Yet just days later, 38 miners died from carbon monoxide leakage at an underground mine in central Plateau State, with 50 others injured.
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