Predicting the Effects of Economic Diversification on Solid Mineral
The variables are: infrastructure and solid mineral development, contribution of solid mineral to internally generated revenue and policy strategies for solid mineral development. 4. Results and Discussion Results from the Forced entry method in Table 1 shows F=14.0872, R Square = 0.6901 and indicates that only four predictor variables ...
Does mineral development provide a basis for
We address the issue of whether mineral extraction provides a basis for sustainable development. • Because mineral endowment can and has been considered …
Sustainable development of Nigeria's solid minerals …
Metal recycling as a path way to sustainable development of Nigeria solid minerals deposits has been reviewed. This paper brings to bear the United Nations Sustainable Development Goals (2015-2030 ...
Solid mineral development and Chinese economic growth: …
To determine the impact of solid mineral development on economic growth accompanied by the role of technological advancement, the following model is specified: (1) lGDPG t = α 0 + α 1 lmn t + α 2 lta t + α 3 mdep t + α 3 lgfcf t + α 3 lpopg t + α 3 ltd t + μ t Where GDPG shows economic growth, mn shows mineral development, ta shows ...
Senate directs BPE to stop planned sale of NCC's 5 coal blocks
The senate committee on solid minerals development has directed the Bureau of Public Enterprises (BPE) to stop all the processes for the privatisation of the remaining five coal blocks belonging ...
Nigeria: Leading Africa's Potentials In Mining Solid Minerals
Africa has a wealth of solid minerals and a diverse range of natural resources. These include but are not limited to diamond, gold, iron, cobalt, uranium, copper, bauxite, silver, and oil. Nigeria holds a position as the hub for solid minerals within ... Dr. Dele Alake, Nigeria's Minister of Solid Minerals Development, emerged as the pioneer ...
Influence of Solid Mineral Development on Economic …
The study examined the influence of solid mineral development on economic growth in Nigeria, using the Auto Regressive Distributed Lag (ARDL) Approach. Time series data …
SOLID MINERAL RESOURCE DEVELOPMENT IN …
The mineral exploitations and industrial establishments that are solid minerals based, in no small way, contribute to the socio-economic transformation of the environments …
Economic Diversification in Nigeria: Any Role for Solid Mineral
For over four decades, the Nigerian economy has mostly depended on proceeds from the sale of crude oil. This is at the expense of other sectors such as solid minerals and agriculture that hitherto, contributed significantly to the economy of Nigeria. Employing both qualitative and quantitative analysis, this paper shows that the solid …
Developing the solid minerals sector
The roadmap for the development of the solid minerals sector further projects a 30% contribution by coal to the nation's power generating capacity. coal required as feed …
THE IMPACT OF SOLID MINERALS RESOURCES ON …
Solid Minerals development is positively related with economic growth in line with economic theory. From the OLS output above, a billion naira increase in solid minerals …
Developing the solid minerals sector
development of the solid minerals sector. Establishment of a solid mineral development bank The development of the solid minerals sector is hampered by the lack of adequate funding to cater for the different stages of the life cycle of a typical mining operation. Before returns can be generated from a mining operation, the
Defining geological maturity: The effect of discoveries on …
First, an information spillover effect (due to the spatial correlation of deposits) that is expected to dominate in the early-stage of mineral development that is exemplified by gold rushes (Lynham, 2017). Second, a depletion effect reducing the stock of exploration opportunities over time that should dominate as the region matures.
Nigerian govt approves draft policy on solid minerals development
Nigerian govt approves draft policy on solid minerals development The policy will empower the ministry to act precisely on various issues, including security measures, combating illegal mining ...
Attaining Sustainable Growth in Nigeria: Any Role for Solid Mineral
Using time series such as GDP per capita, solid minerals output, foreign trade balance, domestic interest rate, inflation, and gross domestic savings, for the period 1960-2015. the Linear Growth Regression model adopted for this study indicates that solid minerals positively impact on sustainable growth and is statistically significant. The study also …
Solid mineral development and Chinese economic growth: …
The findings indicate that solid mineral development has a positive significant influence on sustainable economic progression. On the other hand, it is found that solid mineral development is negatively related to foreign exchange due to the element of …
Oyo State Government MDA – Official Website
Oyo Solid Minerals Development Agency Oyo State Government LEARN MORE Oyo Solid Minerals Development Agency Oyo State Government LEARN MORE Who We Are. The Mineral Development Agency started as a division of Mining and Geology under the defunct Ministry of Cooperative, Commerce, Industry and Tourism in …
Nigeria to utilize Steel resources for economic growth
R-L: Minister of State, Ministry of Steel Development, His Excellency, Uba Maigari Ahmadu, the Permanent Secretary Ministry of Steel Development/Ministry of Solid Minerals Development Dr.Mary A Ogbe with the DG/CEO, National Steel Raw Materials Exploration Agency, NSRMEA, Kolawole Ogunbiyi during the tour of the Agency's facility …
Promoting value addition of Nigeria`s mineral resources for …
Read also: Insecurity, poor regulation threaten Nigeria solid minerals potential Data from the National Bureau of Statistics (NBS), showed that the mining and quarrying sector contributed 4.47 per cent to the overall Gross Domestic Product (GDP) in the fourth quarter of 2023, in 2022 of same quarter, 4.51 per cent while in 2021 it …
The Nexus between Solid Mineral Development and …
this study, we decomposed solid mineral development into solid mineral production, solid mineral export and solid mineral depletion. Many studies on solid mineral and economic growth used contribution of solid mineral ... effect of non-oil exports (solid mineral and agriculture) on economic growth over the period 1981 to 2010. Applying the …
Economic and social effects analysis of mineral development in …
Table 1 provides the contribution ratios of the urban fixed assets investment in various mineral developments to the total fixed assets investment in China varies with different minerals. The contribution ratio of mining and washing of coal increased during the 2003–2005 period but was relatively stable at about 1.3% during the 2006–2009 period; …
Financing
Africa Finance Corporation (AFC) and the Solid Minerals Development Fund (SMDF) have partnered to co-fund and co-develop commercial-scale mining projects in Nigeria. An initiative of this partnership is the Project Development Facility, launched to fast track the development of priority mining projects in Nigeria.
Predicting the Effects of Economic Diversification on Solid Mineral
The fundamental objective of this study is to predict the effects of economic diversification on solid mineral development in the attainment of sustainable development.
Nigeria
INTRODUCTION. On November 16, 2023, the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, officially launched the 'Guidelines for the Production of Community Development Agreement in the Solid Minerals Sector' (the "Guidelines").The Guidelines was issued in pursuance of the provisions of Section 116 …
Nigeria Unveils Mining Guidelines for harmonized operations
The permanent secretary, Ministry of solid minerals development, Dr. Mary Ogbe explained that, the Community Development Agreements (CDA) "is a statutory provision that ensures the transfer of socio-economic benefits to mining host communities, it is a legal document that contains obligations by the Mineral Title Holder to her host …
Agencies – Ministry of Solid Minerals Development
Ministry of Solid Minerals Development. ... Royalty Rates for Minerals (4th July 2024) ACTU Standing Order; Budget Performance on Senate Committee on Finance 2022; ACTU Study and Review MMSD; Contact Us. MI Principal Officers; ZMO/FMO Contacts; No 2 Luanda Crescent, Off Adetokunbo Ademola Crescent, Wuse 2, 900271, Abuja, Nigeria.
INFLUENCE OF SOLID MINERAL DEVELOPMENT ON …
Solid mineral development entails a full range of activities, ranging from ... (VAR), the finding from the study suggested that solid mineral exerts a positive effect on economic growth in Nigeria.
(PDF) Addressing the Socio-Economic and Community Issues …
development of the mine-impacted communities and the solid minerals industry. This paper examines those social and community issues arising from the exploitation of solid minerals in Nigeria and ...
The Ministry – Ministry of Solid Minerals Development
The Ministry of Solid Minerals Development (MSMD) is set up to unlock the economic potentials of the solid minerals sub-sector in Nigeria.The MSMD was established in 1985 as a bold attempt by the Nigerian Government to spur the rapid and beneficial development of the country's solid mineral resources. We are an agency set up to …