House Proposes 5% Host Communities Fund For Mining Areas In Nigeria
The piece of legislation titled: "Nigerian Minerals and Mining Act (Amendment) Bill" was sponsored by Hon. Jonathan Gbefwi and Hon. Benjamin Kalu. Gaza noted that the bill, when passed, will allow for formalisation between states and the federal government to work together in order to harness the benefits in the sector.
FG Reviews Mining Rates To Boost Sector Reforms | Science Nigeria
The Minister of Solid Minerals Development, Dr. Dele Alake. The Federal Government, through the Ministry of Solid Minerals Development, has announced a new regime of rates for the mining sector to enhance ease of doing business and consolidate ongoing reforms. At a press conference, the Minister of Solid Minerals Development, …
A Framework for Federal Mining Reform: Impact Planning, …
Mining reform should require jointly developed and funded impact plans before and during mining permitting. Community benefits agreements: Federal law must also assist communities with long-term ...
Nigeria: Reform Nigeria's Mining Sector
Nigeria: Reform Nigeria's Mining Sector. ... the path towards a responsible and sustainable mining sector in Nigeria is a multi-faceted endeavor that necessitates a whole-of-government, whole-of ...
(PDF) LEGAL ANALYSIS OF NIGERIA'S MINING LAW AND …
The development of Nigeria's mining sector has been slow despite its huge potentials. To reinvigorate the seemingly comatose sector, successive administrations have taken initiatives aimed at ...
Nigerian Mining Sector Watch
The Nigerian mining sector has recently seen some pertinent developments, especially in the areas of technology and ... security, funding and reform initiatives, all directed towards the maximization of the Sector's benefits. The above suggestions should be considered for implementation as they are pivotal to restoring investor confidence
Mining is next in Nigeria reform drive.
Mining is next in Nigeria reform drive. Link/Page Citation For Nigerian president Bola Tinubu, the October 18 sod-turning ceremony for a $250m lithium battery factory by a Chi- nese investor was both symbolic and pivotal. It was a chance to signal the government's switch to solid minerals, rather than petroleum, as the bulwark of the …
Mining in Nigeria: Challenges, opportunities, and prospects
To unlock the full potential of the mining industry in Nigeria, several key actions are necessary: Policy and regulatory reforms: The government should …
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. Discover the world's ...
Nigeria Implements Increase in Mining Royalties and …
The federal government of Nigeria has announced a significant overhaul of its mining sector, including a increase in royalties and the introduction of new charges for various mining licenses ...
Promoting climate-Smart Mining In nigeria
regulatory and institutional initiatives to transform the mining landscape in Nigeria. Reforms included the establishment of: The Nigerian Geological Survey Agency; the Nigeria Institute of Mining and Geosciences; the Mining Cadastre Office; the Mines Environment Compliance Department; the Artisanal and Small Scale Mining …
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%.
Deputy Speaker Challenges Nigeria's untapped Mining Sector
"To demonstrate this concisely, in the 3rd quarter of 2023, the Segilola Gold mine in Osun State, Nigeria's first industrial-scale gold mine, posted $118 million in revenue for its owners, Thor Explorations Limited, after reporting $71.7 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in 2022, according ...
Miners Association of Nigeria Profile
He did his NYSC in the former Anambra state in 1991. He worked with Azigbo Brothers Mining Company,as Tin Shade Manager in 1993 but resigned in 1996 to form his company-MAILALLE NIG LTD. The company is now into gold exploration and marble quarrying. Sani Shehu has been deeply involved in Nigerian Mining Reform Initiative.
Nigeria is betting on local value addition to boost lithium mining
The reform of Nigeria's solid minerals sector is long overdue. A distressing pattern has emerged over the years where companies exploit solid mineral resources in the country without contributing to the development of the local economy. ... The development of a lithium mining industry in Nigeria would lead to job creation and increased ...
Ministry of Solid Minerals Development – On the Road to Shared Mining
The Nigerian Mining Sector now offers one of the best returns on investment, and we welcome everyone on board. ... FG REVIEWS MINING RATES TO BOOST SECTOR REFORMS. Admin. 08.07.2024. 0. Press Release. FG MOVES TO REVIEW MINING LICENSE RATES. Admin. 06.05.2024. 0. Explore Our Agencies.
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 …
Reform Nigeria's Mining Sector
Reform Nigeria's Mining Sector. by Editorial. ... the path towards a responsible and sustainable mining sector in Nigeria is a multi-faceted endeavor that necessitates a whole-of-government ...
Funding, legal reforms, security, key for Nigeria's mining …
According to KPMG, the Federal Executive Council on April 5, 2023, approved a draft amendment of the Nigerian Minerals & Mining Act ("the Act"), 2007 – …
Mining sector reform spur investors' confidence — Alake
The Minister of Solid Minerals Development, Dr. Dele Alake has affirmed that reforms implemented by the Tinubu administration have led to a renewed investor interest in Nigeria's mining sector ...
The President Tinubu's Strategy for Growing Nigeria's …
Nigeria's Ministry of Solid Minerals has announced a free mining training deal it entered into with Australia's Ministry of Mining. With the right policies, …
FG Announces Imminent Mining Reforms To Enhance …
The Minister of Solid Minerals, Dr. Oladele Alake. Nigeria's Minister of Solid Minerals Development, Dr. Oladele Alake has revealed plans for forthcoming reforms in the mining industry aimed at distinguishing genuine long-term, value-added investors from those merely exploiting raw minerals for quick gains. Addressing the Mining Ministers …
Nigerian Mining Sector Brief
Overview. 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 …
Nigeria's mining sector reforms: A path to economic expansion
Recent mining sector reforms and the expected effects. The FGN, through the Ministry of Solid Minerals Development, has announced plans to review the rates of …
How To Start A Lucrative Mining Company In Nigeria and …
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 the other ... The Nigerian government is making efforts to reform the mining sector and attract foreign investments through policies that promote the sector's growth. In addition ...
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.
All you need to know about Nigeria's new mining law
Here is everything you need to know. In November, the Nigerian government unveiled plans to revise its crucial mining law, the Nigeria Minerals and …
Niger's mining code may finally be reformed
After many long months of discussion over reforming Niger's mining code, established in 2006, there may be a light at the end of the tunnel. - 11/29/2021 ... Nigeria Fertiliser giants Indorama and Dangote in ... move on to Parliament. The team in charge of the reform for mining minister Ousseini Hadizatou Yacouba stated the project was …
The Nigerian Mining Sector In 2023
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 …
Nigerian Gold Mining Reform a Blueprint to Reducing Global Lead …
Nigerian Gold Mining Reform a Blueprint to Reducing Global Lead and Mercury Exposure . January 2015 (Washington) The Environmental Law Institute (ELI) has released a comprehensive assessment of Nigeria's artisanal and small-scale gold mining (ASGM) sector, designed to improve long-term health and environmental outcomes. ...