Mining Governance in Nigeria: 2024 Insights
The Nigerian Minerals and Mining Act of 2007 remains the bedrock of the country's legal framework for mining. However, in 2024, the Federal Government introduced …
WhatsApp: +86 18221755073The Nigerian Minerals and Mining Act of 2007 remains the bedrock of the country's legal framework for mining. However, in 2024, the Federal Government introduced …
WhatsApp: +86 18221755073Fiscal – License holders pay royalties and fees based on the type of mineral and scale of mining. Royalties include (i) 3% for precious metals, (ii) 4% for metallic minerals, and (iii) 5% for industrial minerals. Mining companies are subject to regular corporate income tax at 30%, as well as Value Added Tax at 7.5%, Capital Gains Tax at 10%, and a 2% Education Tax on profits to fund ...
WhatsApp: +86 18221755073out this study, an examination of other laws concerning/bothering on minerals in Nigeria was undertaken. These laws include Nigerian Mineral and Mining Act 2007, Mineral and Metal policy 2008 and Nigerian Mining Regulations 2010. The Nigerian Mineral and Mining Act 2007 vest ownership and control over all mineral resources in the Nigerian
WhatsApp: +86 18221755073mining sector was to ensure the vesting of the ownership and control of Nigeria's mineral resources in the British Crown. This was generally reflected in the Colonial
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WhatsApp: +86 18221755073Mr Adegbite said the law in operation is the 2007 Nigeria Mineral and Mining Law that has become obsolete. He added that a lot of new things have come up in the mining sector.
WhatsApp: +86 18221755073The Nigerian Minerals and Mining Act 2007 (the Mining Act) and Nigerian Minerals and Mining Regulations 2011 are the primary sectoral legislations governing the Nigerian mining sector. The laws expressly provide that the entire property in and control of all mineral resources in, under or upon any land in Nigeria shall be vested in the ...
WhatsApp: +86 18221755073The Mining Act. The Mining Act is Nigeria's major legislation governing the mining sector. It regulates all aspects of the exploration and exploitation of solid minerals in Nigeria. The Mining …
WhatsApp: +86 18221755073the Minerals and Mining Act, (Act 703), 2006, these Regulations are made this day 20th of March, 2012. Application and general administration Regulation 1—Application (1) These Regulations apply to (a) the conveyance, storage, possession, manufacture and use of explosives for mining, quarrying and civil works; and
WhatsApp: +86 18221755073Mining is a critical component of Nigeria's economy, contributing significantly to its gross domestic product (GDP). ... The process of acquiring a mining license in Nigeria is governed by the Nigerian Minerals and Mining Act, 2007, and its regulations. Below, we outline the key requirements and steps involved in obtaining a mining license in ...
WhatsApp: +86 18221755073Further to the provisions of the Act and the Nigerian Minerals and Mining Regulations of 2011, the Guidelines emphasise the key elements of a CDA to include: ... in accordance with existing laws and Regulations in Nigeria. However, should the community opt to engage a legal practitioner, the fees of such legal practitioner shall be borne by the ...
WhatsApp: +86 18221755073Nigeria's mining sector can further maintain sustainable growth through affordable funding, expediting the amendment to mining laws, regulations and policies, access to reliable geodata, provision of tax incentives and/or …
WhatsApp: +86 18221755073The Mining Regulations. The Mining Regulations are the subsidiary legislation issued under the Mining Act. The Regulations contain detailed provisions for the administration of mineral titles by the Mining Cadastre Office, including the procedure, duration and documentation required for the application of a small-scale
WhatsApp: +86 18221755073In 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 the nation's underdeveloped mining sector.
WhatsApp: +86 18221755073Industrial Mineral Mining and Trade: Minerals like limestone, clay, ... Decoding Nigeria's Mining Laws: Your Simple Guide to Instant Success (Navigate with Ease!) January 16, 2025. Blog, Gold Mining Strike Gold: Essential Tools for Prospecting in …
WhatsApp: +86 18221755073By PINHEIRO LP INTRODUCTION "Section 2 of the Explosives Regulations, Cap. 117, Laws of the Federation of Nigeria, 1990 defines explosives…The same section defines mining as having the meaning assigned to it in the Minerals Act, and shall include the use of explosives in works authorized under the Petroleum Act. Although there is no definition […]
WhatsApp: +86 18221755073Nigerian minerals and mining regulations, 2011. Publication [Abuja, Nigeria] : Federal Republic of Nigeria, Ministry of Mines and Steel Development, [2011] Physical description 219 pages ; 29 cm. ... Regulations to accompany Nigerian Minerals and Mining Act, 2007. Librarian view | Catkey: 12001124 Hours & locations; My Account; Ask us;
WhatsApp: +86 18221755073Minerals and Mining Regulations 2011 ... According to the World Bank the mining of minerals in Nigeria has accounted for less than 0.5% of GDP in recent years, though the government is targeting growth up to around 3% of GDP by 2025. …
WhatsApp: +86 18221755073Nigeria 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. ... a new national focus and strategy on mining evolved and this culminated in the enactment of the Nigerian Minerals and Mining Act (the Act or ...
WhatsApp: +86 18221755073CENTER FOR LAWS OF NIGERIA: FEDERAL LAWS Constitution Federal Laws TreatiesState Laws Court Judgments Court Rules DOWNLOAD OF A COPY OF THIS LAW IS AVAILABLE [N3,000 (PDF)] CLICK HERE FOR […] To access this content, you must purchase one of these plans: Two-Day Membership Plan, Weekly Membership Plan, Monthly …
WhatsApp: +86 18221755073The principal legal framework guiding the development of CDAs in Nigeria is the Mining Act and the Nigerian Minerals and Mining Regulations 2011 (the Mining Regulations). There is also the Revised Guidelines for the Production of Community Development Agreement in the Solid Mineral Sector 2023 (the CDA Guidelines), which was issued by the ...
WhatsApp: +86 18221755073Historically, mining in Nigeria began in the early 20th century with the extraction of tin from the Jos Plateau. The sector was a significant contributor to the economy until the discovery of oil in the 1950s, which shifted focus and investment towards petroleum. ... The Nigerian Minerals and Mining Regulations, 2011. These regulations provide ...
WhatsApp: +86 18221755073An 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.
WhatsApp: +86 18221755073This 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.
WhatsApp: +86 18221755073Regulations to accompany Nigerian Minerals and Mining Act, 2007 Show more information WorldCat is the world's largest library catalog, helping you find library materials online.
WhatsApp: +86 18221755073the federal republic of nigeria national mining policy dialogue conference and exhibition federal ministry of solid minerals development in collaboration with the world bank july 12 – 14, 2004 ----- the legal and regulatory framework for mining in nigeria1 by 'gbite adeniji2----- …
WhatsApp: +86 18221755073The Nigeria Mining Cadastre Office (NMCO) was established in 2007 with the responsibility for the Administration and Management of Mineral Titles in Nigeria in accordance with Section 5 (1) of the Nigerian Minerals and Mining Act, 2007 (the Act). Address: 37 Lobito Crescent; Off Ademola Adetokunbo, Wuse II, Abuja Nigeria +234 (0) 816-410-1937
WhatsApp: +86 18221755073This paper adopted the doctrinal research design. Data was sourced from both primary and secondary sources. Primary sources of data were statutes like Nigeria Minerals Mining Act and the regulations; while secondary sources were garnered from books, journal articles, conference papers, research report, newspapers and Internet.
WhatsApp: +86 18221755073The Nigerian Minerals and Mining Act 2007 ("the Act") was passed into law on March 16, 2007 to repeal the Minerals and Mining Act, No. 34 of 1999 for the purposes of …
WhatsApp: +86 18221755073These Regulations may be cited as the Nigerian Minerals and Mining Regulations, 2011. 2. In these Regulations— (l) Unless the context indicates otherwise any word to which a meaning …
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