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 minerals) to the 2023 GDP is about 0.77%.
According to the Nigerian Geological Survey Agency, Nigeria's lithium is acclaimed to be of high grade given it's lithium oxide content which ranges from 1 percent up to 13 percent, …
We are the leading source of solid mineral and mining news in Nigeria. From policymakers to international investors our vast audience are kept informed on the latest trends and developments in the Nigerian mining sector.
Corporate social responsibility (CSR) is a key to communication with people in an ethical way in the mining industry. • Many small mining companies are still hesitant to adopt CSR initiatives to expand their operations and improve their reputation due to the ambiguity of their economic impact.
In this post, we detailed what Mining license is in Nigeria, the eligibility to mine and how much (fees/ cost) is a mining license?, Types of mining licenses and requirements.
The clinic provided an interactive avenue intended for identifying and addressing important problems inherent in the Nigerian minerals and metals industry, including security …
NESG Hosts NES 30 Pre-Summit Webinar on Transforming Nigeria's Mining Industry The Nigerian Economic Summit Group (NESG) held a significant pre-30th …
Nigeria's reliance on oil revenue leaves the economy vulnerable and susceptible to global oil price fluctuations. Diversifying revenue sources through the exploration of solid minerals is a prudent strategy to mitigate this self-induced risk. KEY CHALLENGES IMPEDING NIGERIA'S MINING INDUSTRY.
Tribune Online#NES30: NESG hosts webinar on transforming mining industryThe Nigerian Economic Summit Group (NESG) has held a significant pre-30th Nigerian Economic Summit (#NES30) webinar focused on Leveraging the African Mining Vision for Nigeria's Mining Industry Transformation and Growth. The meeting aimed to raise public …
A strategic and diversified approach to financing will not only facilitate the development of mining projects but also contribute to the overall growth and sustainability of the Nigerian mining industry. Nigeria ranks as second in Africa. Nigeria's Mineral Production Statistics. High-grade lithium discovered in Nigeria.
Dr. Dele Alake commends ANRML's $600M investment in Nigeria's mining sector, marking a significant stride in global steel production. A pivotal move for economic growth and industrial diversification. During a recent inspection in Kaduna State, Dr. Dele Alake, Minister of Solid Minerals Development, highlighted the significant strides taken …
The Nigerian government is targeting $5bn in mining investments over the next 10 years under a new industry roadmap, as part of a broader drive to diversify revenue sources away from non-oil sectors. In August Kayode Fayemi, the minister of mines and steel development, unveiled a new strategic plan for the sector that targets …
The Nigeria Mining industry is not left out and continues to attract domestic and international investors despite the fact that it is still quite underdeveloped. Given the industry's potential as a major revenue earner for the country in its quest for diversification, it becomes crucial for the Government to tackle the ...
MAN is the only business association in the mining industry that is well structured to capture all categories of miners in Nigeria. Gem Stones Entrepreneur Association of Nigeria, Dimension Stones Association of Nigeria, and Association of Miners and Processors of Barite, are all members of MAN.
Rebooting Nigeria's dormant mining industry. Nigeria's mineral wealth could be substantial – but the industry has long suffered from underinvestment and chaotic regulation. Minister Dale Alake hopes to change that, writes Olumide Adesina.
The mining sector in Nigeria has not been considered an essential service which has caused challenges for revenue generation. It has affected operators in some of following ways: ... The following recommendations offer guidance on how the government and key stakeholders in the mining industry can accelerate the growth of the sector.
Corporate Social Responsibility Practices in Nigerian Mining Industry: Host Communities' Perspectives - Author: Joseph K. Achua, David A. Utume This chapter addresses the need to evaluate the outcomes of extractive companies in the mining industry's behaviours in terms of CSR expectations of the host communities as …
Mining in Nigeria has immense potential to contribute to economic growth and diversification. However, it faces significant challenges that require concerted efforts …
These crushing machines can be used as mining machines, engineering equipmentand construction machines and so on. Due to the reliable quality, stable performance and high production efficiency, the crushing equipment can be used in mining, metallurgy industry, building industry, road construction, chemical industry, and other fields.
The Nigerian Senate has begun a three-day investigative hearing to examine the input and output values of the country's mining industry. This initiative comes in response to the industry's ...
The Mining Industry in Nigeria is governed by the following laws :-– The Constitution of the Federal Republic of Nigeria 1999(as amended). – The Nigerian Minerals and Mining Act(NMMA) 2007 and the Nigerian Mineral and …
Nigeria presents considerable potential to return high yields on investment in the manufacturing industry. The administration has introduced a range of incentives to launch and broaden activities in various manufacturing segments, including agro-processing, biofuels, cement and automobiles. Coupled with the country's broad resource base, the …
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 …
Nigeria currently boasts of over forty-four (44) priced solid minerals in the mining space, with huge deposits scattered over different parts of the country. However, the …
This series crusher is regarded as a new generation for replacement of the traditional spring cone crusher in modern mining industy.The crushing chamber specially designed according to particles sink principal and its matching speed can sharply increase the crushing ratio, output and content percentage of cubical product in final crushed material.
Despite abundant solid mineral resources, which include gold, lead, zinc, coal, bitumen, iron ore, limestone and barite, the Nigeria mining industry only contributes 0.15 percent to the nation's GDP. The contribution, projected to hit 0.34 percent in 2025, is far from the three percent target set out in the country's mining roadmap 1. The ...
The Nigerian mining sector is gradually becoming the toast of both local and foreign investors, going by the current reforms undertaken by the Federal Government in the sector. Data obtained from t…
A A. The Nigerian Economic Summit Group (NESG) has held a significant pre-30th Nigerian Economic Summit (#NES30) webinar focused on 'Leveraging the …
Nigeria's abundant mineral potentials can be harnessed to significantly contribute to her socio-economic development if the regulatory framework of the Nigerian Mining Industry (NMI) is properly articulated and implemented, devoid of the regulatory conflicts that have been observed amongst various regulatory and government entities.
Nigerian's mining sector can be categorized according to the key activities in the sector as follows: exploration and mining (upstream), processing and beneficiation (mid-stream), …