MINERAL PRODUCTION STATISTICS

The aggregate production of mineral products in Nigeria in 2021 grew by 39.19% from 64.29 million tons recorded in 2020 to 89.48 million tons in 2021, indicating an improve-ment in production. On state profile analysis, Ogun state recorded the highest production in

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Welcome to the Integrated Automation and Interactive Solid Minerals Portal (IAISMP), the GO-TO portal for real time information on Mining Sector in Nigeria. Office:No. 2, Luanda Crescent, off Adetokunbo Ademola …

Permit/Licence Application Guidelines | Ministry of Mines …

Welcome to the Integrated Automation and Interactive Solid Minerals Portal (IAISMP), the GO-TO portal for real time information on Mining Sector in Nigeria. Office:No. 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, F.C.T., Nigeria. Call Us: +234 9 …

Nigerian Mining – Progress, but still a long way to go

Globally, the mining industry is experiencing a boom as there is an increase in the need of critical minerals and new mining technologies, the Nigerian Mining is not left out in this …

Nigerian Mining Sector Brief

1 Based on the Nigerian Gross Domestic Product Report for Q4 2023, published by the National Bureau of Statistics, the total contribution of the Mining sector (i.e., coal mining, metal ores and quarrying and other …

MINING LAWS AND TAXATION IN NIGERIA

Nigeria's mining laws are handled by the Ministry of Solid Minerals Development which oversees the management of all mineral resources. 3.1.1 Nigeria Minerals and Mining Act Of 2007 'The Act' The Nigerian Minerals and Mining Act of 2007 was passed into law on March 16, 2007 to regulate all aspects of the exploration and exploitation of ...

NIGERIA'S LITHIUM BOOM

The Nigerian government in the past have made some moves to support the exploration and mining of mineral resources in the country. The Minerals and Mining Act (2007) established the Solid Minerals Development Fund (SMDF) a sovereign fund aimed at catalysing private sector investments in Nigeria's mining sector. However,

THE LEGAL AND REGULATORY FRAMEWORK FOR …

the federal republic of nigeria national mining policy dialogue conference and exhibition federal ministry of solid minerals development in collaboration with the world bank july 12 – 14, 2004 ----- the legal and regulatory framework for mining in nigeria1 by 'gbite adeniji2----- i. introduction

Nigerian Mining Sector Brief

The Nigerian Minerals and Mining Act is the principal legislation that regulates the sector. The Act vests the control, regulation and ownership of all mineral resources in the Federal Government of Nigeria (FGN). The Minerals and Mining Regulations and the National Minerals and Metals Policy also govern the sector.

All you need to know about Nigeria's new mining law

In November, the Nigerian government unveiled plans to revise its crucial mining law, the Nigeria Minerals and Mining Act (NMMA). The outdated law, which hasn't been updated since 2007, is accused of stifling growth in …

How To Start A Lucrative Mining Company In Nigeria and …

Mining has been a significant part of Nigeria and Africa's economy, providing valuable minerals and resources that have contributed to the development of various industries. In Nigeria, mining has historically played a crucial role in the growth of the country's economy, with the sector contributing 0.3% to the GDP in 2018. Africa, on …

OVERVIEW OF THE NIGERIAN MINING SECTOR: …

Regulatory Framework of the Nigerian Mining Sector. Establishment of the Minerals Act and Powers of the Minister. The mineral sector is regulated by the Minerals and Mining Act 2007 ("the Act"). The Act repealed the Minerals and Mining Act, No. 34 of 1999 and vests control and ownership of all properties and minerals in, under or upon …

An Overview Of The Nigerian Minerals And Mining Act 2007

The Nigerian Minerals and Mining Act 2007 ("the Act") was passed into law on March 16, 2007 to repeal the Minerals and Mining Act, No. 34 of 1999 for the purposes of regulating the exploration and exploitation of solid materials in Nigeria. This paper reviews the critical aspects of the Act.

Evaluation of gold mineralisation potential using AHP …

Recently, the global pandemic and falling oil prices have further prompted Nigeria to consider diversifying its economy into solid minerals (such as gold, iron, etc.) …

Solid Minerals in Nigeria – Mining Nigeria

Nigeria is a nation that is endowed with abundant mineral resources buried in its soil waiting to be exploited. The vastness of the Nigeria's mineral resources cannot and should not be over emphasized, as the solid mineral sector was the main hub of the Nigeria's economy, second only to agriculture before the discovery of crude oil in the …

Taxation of Solid Mineral Mining in Nigeria

The import of this provision in the constitution is that only the National Assembly can make laws for the development of solid minerals in any part of Nigeria. 3.2.2 Minerals and Mining Act, 2007 Nigeria‟s current federal legislation on solid minerals, the Minerals and Mining Act 2007, was intended to reflect international best practice and ...

Mining reforms in Nigeria to drive sector growth

Inside the explosive illegal mining business in Nigeria

The Nigerian Minerals and Mining Act has provisions for environmental impact remediation. There are provisions for revenue and transfer of socio- economic benefits to land-owning communities.

Solid Mineral Deposits and Mining in Nigeria:

Nigeria's solid mineral and mining sector is moving steadfastly along a path of transitional change, and it is a matter of time for the implementation strategies to achieve the desirable goals and outcomes. Recently in …

An in-depth look at the current state of mining in Nigeria

Exploitation and exploration of solid minerals are governed by the Nigerian Minerals and Mining Act 2008 (the Act), and the Nigerian Minerals and Mining Regulation 2011. The Act vests control of all properties and minerals in Nigeria in the States and prohibits unauthorised exploitation or exploration of minerals.

MINING INDUSTRY

The Nigerian Minerals and Mining Act (2007), with globally competitive sector incentives has been in place since 2007, however, the sector's growth and contributions to GDP have remained less than ideal, accounting for only about N400 billion in GDP (about 0.33%) in 2015. To address this,

Nigeria To Unlock Mineral Wealth At 9th Mining Week – …

Folalumi Alaran in Abuja. As Nigeria prepares for the 9th edition of the Nigeria Mining Week, the Minister of Solid Minerals Development, Dr. Dele Alake, has reiterated the country's commitment ...

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Nigerian Minerals and Mining Act 2007 Download. Nigerian Minerals and Mining Act 2007. Guidelines for Mineral Title Applications Download. ... (IAISMP), the GO-TO portal for real time information on Mining Sector in Nigeria. Office:No. 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, F.C.T., Nigeria. Call Us: +234 9 523 9064

A Potential Game Changer For The Nigerian Mining Sector

Nigeria is blessed with over forty-four (44) identified solid mineral resources in commercial quantities. Yet, the contribution of the mining Sector to the country's gross domestic product (GDP) has remained less than 1% in each of the past five (5) successive years – although, it has consistently grown over the same period to 0.85% in 2022 (from …

Nigeria cracks down on illegal mining as the country …

The recent arrests come as Nigeria seeks to regulate its mining operations of critical minerals, curb illegal activity and better benefit from its mineral resources.

Artisanal & Small-Scale Mining – Ministry of Solid Minerals …

The functions of the ASM Department include the implementation of the provisions of the Nigerian Minerals and Mining Act, 2007 as it concerns Artisanal and Small-scale Mining and developing a robust policy/legal framework to guide artisanal and small-scale mining in Nigeria. In specific terms, the functions include; a.

(PDF) Solid Mineral Deposits and Mining in Nigeria: -A …

The solid minerals and mining sector contributed a paltry 0.5% to the Gross Domestic Product (GDP) in 2018, with annual production averaging 40 million metric tons valued at about 34 billion naira ...

Guide On How To Acquire A Mining License In Nigeria

The mining lease holder has the right to market, sell, export, and dispose of mineral products produced during mining activities. Mining leases are awarded for 25 years and renewed every 24 years, provided certain conditions are met. The key requirements for obtaining a Mining Lease in Nigeria:

Solid mineral industry growth fuels transparency calls

A breakdown showed that the sector consisting of coal mining, metal ore and quarrying and other minerals sub-activities contributed N364.49bn to GDP in Q3, 2023.