- published: 27 Oct 2016
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Minister of Solid Minerals Development, Dr. Kayode Fayemi has revealed Nigeria’s plans to champion the African mining vision (AMV). Fayemi made the disclosure while addressing participants at the maiden National Mining Summit, with the theme, ‘Unearthing Nigeria’s Mining Sector’, in Abuja. Excerpt of his speech: The African mining vision (AMV) is by far one of the most promising instruments that unite the whole of Africa towards achieving particular objectives. It is Africa’s own response to tackling the paradox of great mineral wealth existing side by side with pervasive poverty, through building economic and social linkages that benefit Africa. For us in Nigeria, in view of our present realities we have found our bearing from the African Mining Vision and have domesticated its provision...
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 ...
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.
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The Nigerian geological survey has signed an all-encompassing memorandum of understanding with the Chinese National Geological Survey to partner with the ministry of mines and steel development in the exploration of the mining sector in Nigeria. The two sides reached the understanding at the first mining investment road show held by the ministry in Beijing.
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...
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Tin Mining in Jos started way back in1902 and by the mid 1940s the British government formally entered tin exploration and mining in the region making it the number one foreign export from Nigeria. However, the discovery of oil in the mid 1950s and the subsequent shift in emphasis from tin mining left present day Plateau State with the huge challenge posed by degradation and devastation, with over 4,000 abandoned mining ponds dotting the state, neglected and have continually posed a serious threat to the environment and the inhabitants. Quite a lot of damages have been meted on the land, particularly around the Jos area of Plateau State.
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.
Original Publish Date: || Thu, 07 Feb 2013 07:06:43 GMT || The 2013 Mining Indaba is wrapping up and ABN's Chris Bishop caught up with Nigerian Mining and Steel Development Minister Musa Mohammed Sada about the growth of the mining sector in Nigeria.
On AIT's Straight Talk, Terverr Tyav takes you to communities in Nigeria's north-central state of Plateau where 112 years after the mining of tin, the mining ponds have been abandoned. What are the lessons for Nigeria as the country under the administration of President Muhammadu Buhari works on diversifying the economy through solid minerals exploration? @terverr
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NTA Insight interviews the Director General of the Gemological Institute of Nigeria (GIN) and President of the Gemstones Miners and Marketers Association of Nigeria, Prof. Adesoji Adesugba on issues in the mining of Solid Minerals in Nigeria, Prof. Adesugba takes us through the history of mining in Nigeria, its current status, problems and possibilities.
As Nigeria intensifies its drive to diversify its economy in the wake of low oil prices, CNBC Africa's Onyi Sunday in an exclusive interview with Nigeria's Minister of Mines and Steel development Kayode Fayemi, gets an insight on how Nigeria's mining sector is aligning with the vision.