The Nigeria Mining and Geosciences Society (NMGS) is set to host stakeholders at its 60th Annual International Conference and Exhibition, to drive conversations on mining industry reform, policy ...
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Over the past two years, Nigeria has undertaken significant reforms to revitalise its mining sector, positioning itself as a key player in Africa's solid minerals industry. These reforms aim to attract foreign investment, …
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When President Bola Tinubu assumed office on May 29 2023, he vowed to elevate Nigeria's economic standing by diversifying its mono-cultural economy. One of his key strategies is the revitalisation of the solid minerals sector. This is important following Nigeria's endowment with seven critical minerals needed for the global energy transition, all in commercial quantities.…
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Over the past two years, Nigeria has implemented key policies and reforms to revitalize its mining industry, attract investment and strengthen the sector's contribution to GDP. Recent government-led initiatives have streamlined licensing processes, removed bottlenecks and simplified market entry for international investors, enhancing production across the country's …
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NIGERIA'S MINING ACT - A Case Study for Mining Reform Presented by ... •Follows global trends in mining sector reforms: Latin America (Chile, Argentina, Peru) and Africa (Ghana, Guinea, Mali, Burkina Faso, Botswana, Namibia, Tanzania) 5 . THE MINERALS & MINING ACT 2007 .
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These reforms aim to attract foreign investment, streamline operations, and boost GDP contribution from the sector. With a wealth of 44 solid mineral types, Nigeria is looking to leverage its rich geological endowment through policy changes and strategic investments.. At the African Mining Week (AMW) 2025, scheduled from October 1-3 in Cape Town, Nigerian …
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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 ...
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Nigeria is revamping its mining sector with structural reforms, sustainability-focused policies, and investments in critical minerals like lithium, aiming to boost economic …
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Introduction Mining operations in Nigeria hold significant potential for contributing to the country's economic development if properly harnessed. 1 The Federal Government of Nigeria ("FGN") is making positive strides towards the growth of the mining sector, which could ultimately boost mining operations in the country. Recently, the Honorable Minister of Solid Minerals …
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and the Nigerian Minerals and Mining Act 2007 (Chapter N162 Laws of the Federal Republic of Nigeria (LFN) 2004 (the Mining Act), the federal government has title to all mineral resources beneath or upon any land within Nigeria, including Nigeria's continental shelf, territorial waters and exclusive economic zone.
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Comprehensive policy reforms are vital for Nigeria to leverage its mineral endowments. The government must streamline regulations, offer transparent guidelines, and resolve land tenure issues. Prioritizing infrastructure development in mining hotspots is crucial, and public-private partnerships can be a viable funding avenue. ... Nigeria's ...
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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 ... Mining reforms in ...
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The NSCDC Mining Marshals have unveiled strategic measures to combat illegal mining and protect Nigeria's solid mineral resources, with enhanced... Home; Mining Insights. Market Analysis; Innovation and Technology ... African Forum on Mining Urges Bold Reforms to Transform Mineral Sector. The 3rd African Forum on Mining (AFM), held at the ...
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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 ...
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Strengthening Legal Frameworks for Mining Activities. The Nigerian Minerals and Mining Act of 2007 remains the bedrock of the country's legal framework for mining. However, …
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In Nigeria, there are a number of laws applicable to the mining sector such as the Constitution of the Federal Republic of Nigeria 1999 (as amended) (the Constitution), Land Use Act, Cap L5, Laws of the Federation 2004 (the Land Use Act); Nigerian Minerals and Mining Act, 2007 (the Mining Act); Nigerian Minerals and Mining
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Niger State Governor Mohammed Bago is pushing for significant reforms in the mining sector by proposing the "Responsible Mining" executive bill, which is set to be presented to the state House of Assembly. This legislative effort aims to regulate mining activities in Niger State, as the governor seeks to address irregularities and harmful practices in the sector.
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Over the past two years, Nigeria has implemented key policies and reforms to revitalize its mining industry, attract investment and strengthen the sector's contribution to …
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revamp the current mining law in conformity with international best practices. This is a very important development as mining law reform is a fundamental pillar in the entire sector reform process. My objective in this paper is not to conduct a section-by-section review of the principal legislation on mining, the Minerals and Mining Act of 1999.
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Furthermore, foreign entrants into the mining sector have been discouraged due to lack of security in these areas. A final end to terrorism in these regions, and other major areas in the country will encourage an increase in mining activities. Policy on artisanal mining Nigeria is recorded to have less than 0.5% of GDP from mining of solid ...
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Explore Nigeria's mining sector with 7,000 licenses issued but only 1,000 active mines. Discover opportunities, challenges, and potentials. Suite B57 EFAB Mall, Area 11 Garki Abuja NG ... just 1.7% of the ₦531 billion proposed. With reforms creating 45,000 new jobs and a strategic partnership with France promising advanced technology and ...
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demand for critical minerals, sectorial reforms, new mining technologies, innovation and soaring commodity prices. 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 ...
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African Mining Week 2025 will highlight emerging opportunities in Nigeria's mining sector, connecting local projects with global investors to drive industry expansion on the back of industry reforms.
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Looking ahead to 2025, the minister outlined ambitious reforms aimed at positioning Nigeria as a globally competitive mining destination.
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Tinubu stated this in Abuja, yesterday, during the eighth edition of Nigeria Mining Week, with the theme: "Capitalising on Nigeria's critical mineral resources for its economic growth."
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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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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 achieving the growth needed.
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The Nigerian Government has generated ₦6.96 billion in mining fees and registered 118 new, private solid mineral-buying centres across the country in the first quarter of 2025 …
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The Need for Policy and Implementation Reform. Jaiyeola highlighted the critical need for aligning Nigeria's mining policies with global best practices. "The mining sector across the world is experiencing significant development and changes. While Nigeria has policies that are adequate, implementation remains a challenge," he stated.
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Nigeria's top think-tank, the National Institute for Policy and Strategic Studies (NIPSS) and Bruit Costaud, an indigenous advisory and strategic communication organisation led by former ...
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Sequel to this, President Bola Ahmed Tinubu GCFR established the Fiscal Policy and Tax Reforms Committee in August 2023 to address the pressing need for comprehensive tax reform in Nigeria. The committee, chaired by the tax expert, Mr Taiwo Oyedele, was tasked with producing recommendations aimed at overhauling the nation's tax system and ...
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The ninth edition of the Nigeria Mining Week 2024 officially kicked off, with a pre-conference held yesterday, setting the stage for the official opening of the conference today (November 19) in Abuja. ... and sustainable mining environment. Alake said by focusing on investor-friendly reforms and enhanced security measures, the ministry is ...
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The leading source for solid mineral and mining news in Nigeria. The leading source for solid mineral and mining news in Nigeria. Home; Mining Insights. Market Analysis; Innovation and Technology; Press Releases ... African Forum on Mining Urges Bold Reforms to Transform Mineral Sector. The 3rd African Forum on Mining (AFM), held at the African ...
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Nigeria's mining industry faces severe environmental challenges, including drainage issues, pit lakes, mercury and cyanide pollution, heavy metal poisoning, and river siltation.
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Explore the future of mining in Nigeria, a sector poised for significant growth. Discover how innovation, diversification, and sustainability are driving the industry forward. ... -friendly environment by simplifying the regulatory framework and offering incentives to companies that invest in the mining sector. 3. Regulatory Reforms: A More ...
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transforming nigeria's mining industry. aligning policies with the african union's africa mining vision (amv) for enhanced governance and investments. b y t h e m a n ufa c t uri n g a n d m i n i n g. p o l i c y c o m m i s s i o n
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Nigeria's recent mining reforms focus on attracting investment through streamlined processes and improved governance. Key initiatives include the launch of a decision support …
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The Governor of Nasarawa State, Abdullahi Sule, has called for a reform in Nigeria's mining licensing process, urging the country to abandon the practice of granting mining licences solely based on community consent forms. Speaking at the 60th annual International Conference and Exhibition of the Nigerian Mining and Geosciences Society (NMGS), Sule …
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