- published: 22 Sep 2017
- views: 399
This week Laura Cornish, editor of Mining Review Africa speaks about the reasons why the future of the Nigerian mining industry has a positive outlook. The Minister of Mines and Steel Development in Nigeria, Dr. Kayode Fayemi, is determined to deliver a profitable mining industry in the country. Fayemi hopes to see a mining industry that contributes significantly to the economy within the next decade. He has pointed out that the government in Nigeria is focusing on the development and growth of seven strategic minerals – coal, lead/zinc, iron-ore, gold, bitumen, barites and limestone.
“Mining In Nigeria” is a TV programme by Ministry of Mines and Steel Development which features News, Interviews, Field Reports, Analysis and Vox pop about Nigerian Mining Industry The programme also provides technical information on mining equipment, mining leases and location among others.
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The mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore. Rights to ownership of mineral resources is held by the Nigerian government, which grants titles to organizations to explore, mine, and sell mineral resources. Organized mining began in 1903 when the Mineral Survey of the Northern Protectorates was created by the British colonial government. A year later, the Mineral Survey of the Southern Protectorates was founded. By the 1940s, Nigeria was a major producer of tin, columbite, and coal. The discovery of oil in 1956 hurt the mineral extraction industries, as government and ...
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Nigeria’s Acting President, Prof Yemi Osinbajo, on Tuesday disclosed that the country’s mining sector will receive $600 million investment fund through the Nigerian Sovereign Investment Authority, the Nigerian Stock Exchange and others. Osinbajo disclosed this while declaring open the ongoing three-day National Mining Summit, with the theme, ‘Unearthing Nigeria’s Mining Sector’, in Abuja. “We are currently working with the Nigeria Sovereign Investment Authority, the Nigerian Stock Exchange, and others to assemble a $600m investment fund for the sector. Internationally we have secured $150m in funding from the World Bank for the Mineral Sector Support for Economic Diversification (MSSED).” He expressed optimism that with the recently launched Economic Recovery and Growth Plan, the country...
“Mining In Nigeria” is a TV programme by Ministry of Mines and Steel Development which features News, Interviews, Field Reports, Analysis and Vox pop about Nigerian Mining Industry. The Program is broadcast on the Nigeria Television AUTHORITY (NTA) very Thursday at 9:30am and on Channels TV on Wednesdays at 7:00pm. Keep a date with us
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Sand-mining along the shores is being blamed for major erosion which has been happening in Nigeria. The government of Lagos has been trying to regulate the process. Although only a small number of companies are licensed to dredge sand, scores of others, take it illegally. AL Jazeera's Rawya Rageh reports from Nigeria's commerical capital, Lagos.
The Nigerian government says it will harness Chinese technology to improve its mining sector and attract more foreign investment. The Nigerian mining sector contributes about 3 percent to the country's current GDP, but the government has a long-term goal to increase its share.
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Several kids have died as a result of lead poisoning in Nigeria's Zamfara state. Human Rights Watch exposes the cause of deaths of hundreds of kids due to gold mining and the minimal efforts by the Nigerian authorities to protect children from lead poisoning
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