On 14 April 2025, the Nigerian Investment Promotion Commission (NIPC) hosted Mr Abubakar Abba Bello, Managing Director of the Nigerian Export-Import Bank (NEXIM), alongside representatives from the Chinese company Oasis, in a strategic engagement focused on facilitating Oasis' entry into Nigeria's solid minerals sector.
Key discussions centred on investment processes, regulatory frameworks, customs procedures, and leveraging government incentives such as the Pioneer Status Incentive (PSI). To ensure smooth integration into the Nigerian business landscape, NIPC will assign a dedicated team, including a legal adviser, to guide Oasis through the required legal and regulatory steps.
Oasis is set to kick-start large-scale production of tin and lithium, with Kaduna State serving as its operational hub and additional activities spanning two other states. The company is bringing advanced machinery and innovative technology that will significantly enhance Nigeria's mining and industrial landscape.
This collaboration underscores NIPC's strategic role in driving foreign direct investment, promoting industrialisation, and opening up the immense potential within Nigeria's mining value chain.
