In the past two decades the Federal Government of Nigeria has made concerted efforts to revitalise and grow Nigeria s mining sector to diversify its sources of revenue and foreign exchange earnings
Nigeria s mining sector is a sleeping giant with immense economic potential Addressing its myriad challenges necessitates a concerted effort from government bodies industry stakeholders and the global community Armed with the right policies and sustainable practices Nigeria could well become the mineral powerhouse it aspires to be
The Nigerian mining industry has however not attracted the much needed investments to catalyse its full potential despite being rich in natural resources boasting over forty solid minerals in commercial Artisanal Miners Intervention Fund this is a loan product of the Bank of Industry of Nigeria BOI to artisanal miners in Nigeria The
This work seeks to highlight the regulatory framework of the Nigeria Mining industry and the challenges of mining operations in Nigeria with a view to proffering solutions
The Federal Government in a bid to attract investment generate revenues and develop the local mining industry has begun legal regulatory institutional and fiscal reforms for the mining sector some of which include the digitalizing upgrade and automation of the mining cadastral oce the national electronic geo databank which would
Nigeria is home to a wide variety of mineral resources including diamonds The mineral was discovered in Katsina state The Nigerian government is currently working to develop the industry and increase production focusing on the mining and cutting of stones to create a more profitable industry 7 Gypsum
Craft Industry Cottage industries is an industry which involves in the metal and wood carving work and constructive activities where the needed materials are sourced locally and the use of simple tools; Mining Industry is an industry which involves the extraction of raw materials from the earth crust
2 In Nigeria despite the wide spread economic impacts of the pandemic the Mining Sector the Sector exceeded budgeted revenue of the Federal Government FG in 2020 by about 10% as against 1 and increased its contribution to the Nation s Gross Domestic Product GDP by about 23% 2020 billion; 2019 N369
The legislation that institutes the underpinnings of the OSH system was examined against the industry in Nigeria The critique recognised that Nigeria analogous to other African countries had
Nigeria s mining sector is entering a new phase following the Covid 19 pandemic with greater government support and a growing role as an important generator of export earnings amid post pandemic economic recovery Many of Nigeria s mineral resources remain unexploited with considerable potential in gold precious and semi precious stones gemstones iron ore
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 % to the GDP in 2018 Africa on the other
Nigeria s mining sector is a sleeping giant with immense economic potential Addressing its myriad challenges necessitates a concerted effort from government bodies industry stakeholders and the global community Armed with the right policies and sustainable practices Nigeria could well become the mineral powerhouse it aspires to be
There is definitely an interesting story behind the mining sector in Nigeria says Kwadwo Sarkodie a partner at legal firm Mayer Brown International Before the brutal civil war between 1967 and 1970 there was an active mining sector in Nigeria and the country was a significant exporter of certain mined minerals including coal and tin
The argument stems in part from the fact that since most generally acknowledged environmental problems are anthropogenically induced there should be the need to call for social action on environmental sustainability Oyefara 2013 Similarly it is becoming more and clearer that technological answers to environmental problems are insufficient to
Nigeria offers other excellent investment opportunities for companies involved in the extractive industries including mining of solid minerals Opportunities especially exist in sales of mining equipment machinery and associated technology and services is working actively to attract local and international investment into Nigeria
This literature review addresses on socio economic and political impacts of the extractive mining industry The paper reveals 27 different impacts 23 socio economics and 4 political associated
This is the leading industry in Nigeria which entails the mining and conversion of natural resources like crude oil They refined these materials are further processed refined and converted to other useful resources Also all the apparatus needed for the extraction and mining of these materials are produced by these industries
Due to the poor management and regulation of the mining sector in Nigeria most mining activities are prompted by artisanal and small scale miners who make up about 95% of miners in Nigeria
The Mining Industry in Nigeria though not operating optimally due to the over dependence on Crude oil is definitely a haven of immense benefits to Investors and the country alike by serving as a huge source of foreign exchange as well as immense job creation for Nigeria s manpower pool This article will be focusing on the […]
Due to the poor management and regulation of the mining sector in Nigeria most mining activities are prompted by artisanal and small scale miners who make up about 95% of miners in Nigeria
6 World Bank Nigeria World Bank Approves $150 Million to Enhance Mining Sector Contribution and Support Economic Diversification 7 Ministry of Steel and Development; 2016 Roadmap for the Growth and Development of the Nigerian Mining Industry on the Road to Shared Prosperity Pages 28 36 8 Section 1 of the Act 9 Section 2 of the Act
Nigeria is a formerly agrarian country that in the past supplied many agricultural products to the world market and provided itself with food Everything changed after the shift of government focus agriculture to the mining sector Nigeria is still a country
Topics Covered in the Nigeria Electric Vehicle Market Report The Nigeria Electric Vehicle Market report thoroughly covers the market by propulsion vehicle drive type vehicle top speed and competitive landscape The report provides an unbiased and detailed analysis of the ongoing market trends opportunities/high growth areas and market drivers which would help the
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