Explore our collection of Ebooks on the Nigerian Mining Industry, covering everything from the lucrative lithium and gold sectors to the vibrant gemstone trade. We delve into critical aspects such as mining operations, environmental compliance, investment opportunities, mining finance, and navigating the complex regulatory landscape. ...
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Nigeria, a country well-known for its reserves of gas and oil, has advanced significantly in the mining industry recently. Numerous mineral resources, such as coal, zinc, iron ore limestone, gold, and tin, are found in …
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executive summary 13; the industry today 17; constraints and challenges to full potential 28; proposed strategic framework for full mining potential 37; implementation and action plan 47; communication strategy 75; next steps 77; historical context of the nigerian mining industry 79; nigerias mineral endowment 81; sample case studies of mining sector transformations 84; …
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Welcome to the investment renaissance in Nigeria's mining sector! 2025 is shaping up to be the golden year for savvy investors looking to capitalize on one of Africa's most dynamic industries. Nigeria's rich mineral landscape is not just a bedrock of opportunity; it's a treasure chest waiting to be unlocked by visionary investors like you.
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INTRODUCTION. The Nigerian mining sector showed considerable resilience and potential for growth in 2024, despite ongoing challenges. The National Bureau of Statistics recently reported that Nigeria's GDP grew by 3.19% year-on-year in real terms in the second quarter of 2024, surpassing the 2.51% growth recorded in the same period of 2023.
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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 …
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Highlighting the potential of the mining sector, the National President of the National Association of Chambers of Commerce, Industry, Mines and Agriculture, Ide Udeagbala, said that Nigeria's ...
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With greater government support and a growing role as a generator of export earnings, Nigeria's mining sector is poised to maximise its considerable potential in precious metals and gems. Total revenue from the sector is expected to rise by 25% to N3.6bn ($8.5m) in 2023, reflecting its resilience, as well as continued federal and state
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The Nigerian mining sector ("the Sector") has recently witnessed some notable advancements, driven by strategic reforms, digitalization and enhanced regulatory oversight.
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23 CONCLUSION The Nigerian mining industry is a catalyst for the nation's vision of diversification and industrialization. With the myriad of issues facing the industry presently alongside the roadmap and plans of the government in building a competitive mining sector, we are sure on the right track in delivering the collective wealth of ...
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Despite its appellation as the "Giant of Africa," Nigeria's mining sector has remained largely underdeveloped, overshadowed by the country's booming oil and gas industry. Yet, Nigeria is endowed with a plethora of minerals, …
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Nigeria's GDP grew by 3.52% 1 (year-on-year) in the fourth quarter of 2022. The Nigerian Mining Sector ("the Sector") also witnessed growth in its contribution to the Nation's GDP, having contributed 0.85% in 2022 (2021: 0.63%), representing a 32% year on year growth over 2021 2. Interestingly, the Sector has witnessed sustained growth ...
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Research and Development in the Mining Industry The Nigerian Society of Mining Engineers (NSME) is a Non-profit and volunteer professional organization founded in 1989, and incorporated in 1990. The objective of the Society is to advance the science and practice of engineering in the fields of geological engineering, Mining engineering, Mineral ...
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Nigerian Mining Corporation BACKGROUND. The NMC is a Federal Government Public Statutory Corporation established by Decree number 39, as contained in Gazette No 54, Vol. 59 of 1972, and amended by Decree 34 of 1976 (now NMC Act, Cap. 317, 1990). ... Jakura Marble Industry Ltd, Jakura Near Lokoja, Kogi State; Nigerian American Mining Company Ltd ...
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Career. We offer the chance to join indigenous exploration and mining company in the emerging solid minerals industry of Nigeria to established professionals and new graduates of Nigerian institutions.
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Mining. Nigeria's solid minerals and mining sector has great potential to transform the nation's economy to greater extent. African Industries Group has been a significant contributor to this growth. ... African Industries Group (AIG) is a diversified global conglomerate with a legacy of 54 years of business excellence and sustainable ...
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It is common Knowledge that Nigeria is rich in mineral resources, making it a hub for several top mining companies in Nigeria contributing significantly to the economy. These companies not only create jobs but also …
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Agropet offers many services in the mining sector and their experienced specialists are engaged throughout the industry. This helps them to advise clients in terms of the extensive knowledge and skills from many other …
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Welcome to the dawn of a new era in Nigeria's mining industry! 2025 is set to be a transformative year that will catapult our nation into the global mining spotlight. The winds of change are blowing strong, and the Nigerian mining sector is poised to become an economic juggernaut, delivering unprecedented growth, innovation, and prosperity.
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Mining production in Nigeria increased 3.30 percent in September of 2024 over the same month in the previous year. Mining Production in Nigeria averaged -3.62 percent from 2011 until 2024, reaching an all time high of 34.30 percent in the first quarter of 2011 and a record low of -27.10 percent in the fourth quarter of 2011.
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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 .
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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 limestone and barite. The country was a major exporter of tin, columbite and coal in the 1960s to early 1970s.
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The Nigerian Mining Sector ("the Sector") also witnessed growth in its contribution to the Nation's GDP, having contributed 0.85% in 2022 ... in the Nigerian minerals and metals industry, including security challenges, lack of geosciences data and expensive exploration efforts, among others.
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T he Ministry under my stewardship is resolutely committed to implementing the Roadmap for the Growth and Development of the Nigerian Mining Industry, a policy document formulated in 2016 to unlock the various potentials in the sector.
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See the Roadmap for the Growth and Development of the Nigerian Mining Industry (the "Roadmap") issued by the erstwhile Ministry of Mines and Steel Development (now split into two ministries: the Ministry of Solid Minerals Development and the Ministry of Steel Development) in 2016. The Roadmap can be downloaded through this link: https ...
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Mining Infrastructure Corridor: An integrated infrastructure plan to improve access to minerals and enhance processing. Policy and Regulatory Enhancements: Ongoing reforms to create a transparent, investor-friendly regulatory environment. These strategic initiatives indicate a bright future for Nigeria's mining industry. 5.
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The non-oil sector has continued to be the lifeblood of the Nigerian economy. As at the third quarter of 2022, the non-oil sector contributed 94.34% (in real terms) to the nation's Gross Domestic product (GDP), higher than the share recorded in the third quarter of 2021 which was 92.51% and higher than the second quarter of 2022 recorded as 93.67% 1.
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To retract from its overdependence on crude oil fortunes and be a participant in the green energy economy, Nigeria has recently begun to revive and modernize its mining industry. The modernization is driven by the Nigerian Minerals and Mining Act, 2007 (NMMA) and Regulations promulgated thereunder. This paper examines whether and to what extent the NMMA and the …
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For instance, the High Resolution Airborne Geophysical Survey conducted between 2003 and 2009, which represented one the significant efforts in over three decades to update Nigeria's geological dataset, was nonetheless 'insufficient for initiating and building investor confidence in the mining industry'. 15 Furthermore, apart from data ...
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Artisanal and small-scale mining (ASM) accounts for over 70% of Nigeria's mining… Abdullahi Jimoh; April 3, 2025; Mining News; African Forum on Mining Urges Bold Reforms to Transform Mineral Sector ... March 28, 2025; Mining News; Challenges Facing Nigeria's Solid Minerals Industry and How to Overcome Them. Nigeria has many solid minerals ...
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The Policy Brief on Transforming Nigeria's Mining Industry: Aligning Policies with the African Union's African Mining Vision (AMV) for Enhanced Governance and Investments identifies the challenges undermining the mining sector's performance and proposes reforms and strategies that the Federal Government may consider to position the sector ...
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African Natural Resources and Mines Limited (ANRML), a group company of African Industries Group (AIG) has established an integrated iron ore mining and processing plant in Gujeni village, Kagarko LGA of Kaduna state, Nigeria—marking a pioneering initiative in Nigeria.It was incorporated as part of AIG's plan to embark on backward integration for its …
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Nigeria's mining sector issued 7,000 licenses but has less than 1,000 active mines—an 85% underutilization rate. Despite generating ₦38 billion in 2024, budget cuts have slashed the 2025 capital allocation to ₦9 billion, just …
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Nigeria's solid minerals and mining sector has great potential to transform the nation's economy to greater extent. African Industries Group has been a significant contributor to this growth. We have licenses to mine iron ore, and quartz across Nigeria. We have already set up a fully integrated iron ore mining and steel processing plant in ...
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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 ...
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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.
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Dr Dele Alake, Nigeria's Minister of Solid Minerals Development. According to the Minister, the theme of the conference, "Building A Resilient Mining Sector", reflects the …
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Industries Services Careers Open in new tab or window; Events About us ... If widely adopted, the System is capable of putting the Nigeria mining sector on the digitization journey, make it more prominent on the global mining map, boost investors' confidence in the nation's mining sector, attract Foreign Direct Investment (FDI) and ...
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