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The Double-Edged Sword of Foreign Investment in Nigerian Mining

Earlier this year we recounted the mining and trading corporation Glencore intentions to invest in Nigeria’s mining industry if the government maintains a stable business environment. The CEO of the company made this announcement on April 26 while meeting with Nigeria’s minister of solid minerals. Companies like Glencore, which make foreign investments, are what keep

New Opportunities for Foreign Investors

The Nigerian government needs to take a balanced stance in order to optimise the advantages of foreign investment while minimising its drawbacks. This entails putting in place and upholding stringent social and environmental laws to guarantee that international mining corporations behave ethically, Encouraging international investors to give local content a high priority in their operations—for

Five ways Nigeria can Digitise its Mining sector

It is not uncommon knowledge that Nigeria’s public service is plagued by bureaucracy, and run by outdated analog systems which frustrates fast development and the smooth running of agencies and parastatals. The Mining Industry is not safe from these issues. And digitising the industry is one sure way to boost production and efficiency. Prateek Suri’s

Awake The Giant: Unleashing Nigeria’s Mineral Market Potential

Africa’s economic trajectory is frequently contrasted with China’s. The Asian nation’s rise to economic superpower status in the twenty-first century is mostly due to its coal and steel mining sectors. The economic effects of mineral discoveries solidified the mining sector’s and South Africa’s continued prominence in the country’s economic development, even as Cecil John Rhodes

Everything You Need to Know About a Good CDA Under the New Guidelines.

The “Guidelines for the Production of Community Development Agreement in the Solid Minerals Sector” (the “Guidelines”) were formally introduced on November 16, 2023, by Dr. Dele Alake, the Honourable Minister of Solid Minerals Development. In accordance with Section 116 of the Nigerian Minerals and Mining Act, 2007 (the “Act“), the Guidelines were released. What you

Potential of Gemstone mining in Nigeria

In recent times Gemstones mining has boomed in various parts of Plateau, Kaduna and Bauchi states for years. Some of these gemstones include sapphire, ruby, aquamarine, emerald, tourmaline, topaz, garnet, amethyst; zircon, and flourspar which are among the world’s best. Good prospects exist in this area for viable investments.Nigeria’s gemstone industry is still in its

Nigeria’s fight against Illegal mining

According to NEITI, six states in Nigeria have been identified as the top destinations for the illegal mining of solid minerals in the country. Of the six states, Niger State leads with 10 illegal mining sites where minerals such as Gold, Lead, Zinc and Tantalite are consistently extracted, illegally. Nigeria’s government is cracking down on

Mining and Community Development In Nigeria

A general trend of lack of concern for community development was observed in commodity dependent regions including Africa, Asia and America. Nigeria’s vast mineral resources offer the potential to drive economic growth and uplift marginalized communities. However, to achieve this, it is essential to adopt a community-centric approach to mining. By involving local communities in