Nigerian Mining Sector Brief

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. The erstwhile Ministry of Mines & Steel Development (MMSD) oversaw the mining sector in Nigeria, pre-2024.

Mining industry of Nigeria

Mining regulation is handled by the Ministry of Solid Minerals Development, who are tasked with the responsibility of overseeing the management of all mineral resources in Nigeria. Mining law is codified in the Federal Minerals and Mining Act of 1999. Historically, Nigeria's mining industry was monopolized by state-owned public corporations.

NIGERIAN MINERALS AND MINING ACT

NIGERIAN MINERALS AND MINING ACT . An Act to repeal the Minerals and Mining Act, No. 34 of 1999 and re-enact the Nigerian Minerals and Mining Act 2007 for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria; and for related purposes. [2007 No. 50.] [29. th March, 2007] [Commencement.]

MINING INDUSTRY

MINING INDUSTRY On the Road to Shared Mining Prosperity . Cover Design and Typographic Layout: Aluk.o Muyiwa (2016) ... REGULATORY, OVERSIGHT, AND TECHNICAL SUMMARY CHAPTER 2 - CONSTRAINTS AND CHALLENGES TO FULL POTENTIAL ... Historical contribution of minerals and mining sector to Nigeria's GDP …

Mining reforms to bring more power to state authorities in …

In 2019 the government made the decision to revise the Nigeria Minerals and Mining Act (NMMA), the law that has governed the sector since it came into force in 2007. …

Nigerian Mining Sector Watch

country, in other for Nigeria to benefit from the entire mining value chain, end-to-end5. The FG's position is consistent with the provisions of the "Nigeria Mineral Value Chain Regulations, 2021 ("the Regulation")" introduced by the FG in July 2021. The Regulation is primarily aimed at boosting the country's

Home | Ministry of Mines and Steel Development

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 …

Ministry of Solid Minerals Development – On the Road to Shared Mining

MISSION: To exploit the nation's mineral endowments in an environmentally sustainable manner and establish a vibrant minerals and metals industry for wealth creation, poverty reduction, promotion of economic growth and significant contribution to the GDP of Nigeria.

Nigerian Mining Sector Brief

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. The erstwhile Ministry of Mines & Steel Development (MMSD) oversaw the mining sector in Nigeria, pre-2024.

Nigerian Mining Sector Brief | 1 Nigerian Mining Sector …

Printed in Nigeria. Nigerian Mining Sector Brief | 3. Section. Page . 1erview of the Nigerian Mining Sector Ov 05 2 Mineral Endowment 08. ... 2.5arites B 09 2.6ead-Zinc L 11 2.7 Gold 11. 3al and Regulatory Framework Leg 12. 3.1 Mines Inspectorate Department 13 3.2 Mines Environmental and Compliance Department 13 3.3 Mining Cadastre Office 13

The Mining Industry in Nigeria: How to Export …

The mining industry in Nigeria is a key sector that contributes significantly to the country's economy. One of the valuable minerals in Nigeria is tin ore, which has substantial export potential. This guide provides an overview …

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

Nigerian Mining Sector Brief

Nigeria is endowed with vast reserves of natural resources such as energy minerals like coal and lithium, metallic minerals like gold and lead-zinc and industrial minerals like …

Federal Republic of Nigeria Official Gazette

Petroleum Industry Act, 2021 2021 No. 6 A 119 Federal Republic of Nigeria Official Gazette No. 142 Lagos — 27th August, 2021 Vol. 108 Government Notice No. 134 The following is published as supplement to this Gazette : Act No. Short Title Page 6 Petroleum Industry Act, 2021 .. .. .. .. .. .. .. A121-370

Mineral Mining Licensing in Nigeria: Legal Framework and …

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.

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 change, this document highlights the progress made and the steps to …

States regulating mining sector illegally – Miners …

President, Miners Association of Nigeria, and a member of the board of Nigerian Extractive Industries Transparency Initiative, Dele Ayanleke, speaks on the artisanal nature of the mining sector ...

Mining reforms to bring more power to state authorities in Nigeria

In 2019 the government made the decision to revise the Nigeria Minerals and Mining Act (NMMA), the law that has governed the sector since it came into force in 2007. However, as a result of the disruption caused by the Covid-19 pandemic, as well as other international and domestic challenges, the passage of the revised

LAWS REGULATING OIL AND GAS INDUSTRY IN NIGERIA

Nigeria has 10 pieces of legislation, excluding regulations and directives, regulating various aspects of the oil industry. The Petroleum Industry Bill (PIB) pending before the National Assembly aims to harmonize all the legislations and significantly restructures the industry, particularly the functions of the various regulatory agencies, …

THE LEGAL AND REGULATORY FRAMEWORK FOR …

II. The Institutional Framework. The Mineral and Mining Act vests "the entire property in and control of all the minerals in, ...or upon the any land in Nigeria, ... in the …

Nigeria: Mineral Policy

Nigeria is a lower middle-income country with a surface area of 923.8 thousand square kilometers and population of between 140 and 188.686 million (National Mineral and Metal Policy 2008; World Bank 2017; IMF 2017).It has a population growth of 2.6% and a GDP of 405.08 billion US dollars with an annual GDP growth rate of −1.5% …

De-risking Mining Business In Nigeria Through Fiscal …

However, the fact that mining companies (unlike companies engaged in upstream and midstream gas operations, the agro-allied industry or those engaged in the trade or business of manufacturing) suffer restriction on the quantum of CA claimable in any year of assessment (subject to sixty-six, two-third percent (66 2/3%) of assessable …

Nigerian Mining Sector Brief

DECEMBER 2015. THE LEGAL AND REGULATORY FRAMEWORKK NIGERIA: A CATALYST FOR INVESTMENTFORMININGIN. here is no gain saying that Nigeria is …

The Petroleum Industry Act, 2021 – What Are The Regulatory …

The Old Act will continue to regulate Oil Mining Leases (OML) and Oil Prospecting Licences (OPL), which are not converted to Petroleum Mining Leases (PML) and Petroleum Prospecting Licences (PPL) under the PIA regime, until all their terms expire (refer to our publication "The Petroleum Industry Act, What is next for Upstream …

UNDERSTANDING THE LEGAL AND REGULATORY …

13 Section 3(2) of the Mining Act. 14 Regulation 87 of the Mining Regulations. 15 Section 47 of the Mining Act. 16 Section 56(4) of the Mining Act; Regulation 91(3) of the Mining Regulations. 17 Regulation 92(1)(b) of the Mining Regulations. 18 Section 60(1) of the Mining Act. 19 Section 62 of the Mining Act. 20 Section 48 of the Mining Act.

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 minerals) to the 2023 GDP is about 0.77%.

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 …

New roadmap to increase investment in Nigeria's mining industry

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 …

Nigeria's Petroleum Industry Act: Addressing old problems …

Kasirim Nwuke considers key provisions and challenges of Nigeria's Petroleum Industry Act 2021. ... rents on petroleum mining leases are also assigned to Frontier exploration. ... and regulatory ...