Nigeria’s Minister of Solid Minerals Development, the Honourable Dr Dele Alake, says the theme of year’s Nigeria Mining Week: “From the Inside Out: Building the Mining Sector to be the Cornerstone of Nigeria’s Economy,” reflects the ministry’s “unwavering commitment to creating a mining industry that anchors national prosperity, supports sustainable growth, and fuels industrialisation.” The
Key Takeaways from Dr. Dele Alake at the Nigerian Mining Week Press Briefing
The Nigerian Mining week Press briefing held at the Ministry of Solid Minerals Development on November 12, at the Press Briefing the Minister of Solid Minerals Development addressed Stakeholders on the upcoming Nigerian Mining Week slated to hold at the Abuja Continental Hotel on November 18-20. Here are Key Takeaways from the Ministers address. The
NSCDC Arrests Chinese Illegal Miners in Nasarawa State
The Nigeria Security and Civil Defence Corps’ Mining Marshal in Nasarawa State has intensified its crackdown on illicit mining by detaining three foreigners and two locals, aiming to strengthen the fight against economic sabotage. In a statement released on Sunday, Commander General Mining Marshals J. A. Onoja emphasised a strong commitment to safeguarding the country’s
Boundary Commission is Instrumental to Resolving Mining Disputes – Alake
Dr. Dele Alake, the Minister of Solid Minerals Development, has repeatedly emphasised that in order to resolve boundary-related disputes in mining regions, cooperation with the National Boundary Commission is essential. Speaking at the commission’s Director-General’s reception in his office, Surv. Adamu Adaji emphasised the agency’s critical role in facilitating the ministry’s seamless operations, notably with
Effect of Fuel Price Increase by NNPC on Nigeria’s Mining Industry
The Nigerian National Petroleum Corporation (NNPC) has announced another increase in fuel prices, which is anticipated to have a significant impact on a number of industries, including the mining sector in Nigeria. Fuel costs have increased dramatically as of October 2024, mostly as a result of global market changes and the elimination of subsidies. Nigeria’s
Senate Approves Bill for Mine Rangers Service Establishment
The Senate has passed for second reading a bill to create the Nigeria Mine Rangers Service (NMRS), aimed at tackling illegal and artisanal mining across Nigeria. This decision followed a presentation at Thursday’s plenary by the bill’s sponsor, Sen. Mohammed Onawo (SDP-Nasarawa), who outlined the general principles of the proposed legislation. According to Onawo, the
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
Global Economic Downturn’s Effect on Nigeria’s Mining Sector
Global economic growth is expected to fall to 2.6% in 2024, according to UN Trade and Development (UNCTAD), which is slightly higher than the 2.5% mark that is typically linked to a recession. This year’s growth is less below the pre-pandemic rate for the third year in a row, averaging 3.2% from 2015 to 2019.
Mining Crucial to Nigeria’s Economic Transformation
The Federal Government, through the Ministry of Solid Minerals Development, is poised to use the upcoming Nigeria Mining Week as a platform to promote the country’s critical minerals for domestic industrialisation, economic transformation and foreign investment. This was revealed by the Honourable Minister for Solid Minerals Development, Dr. Dele Alake, during a pre-event press briefing
How Nigeria is Attracting Investors to its Mineral Wealth
The Nigerian Ministry of Solid Minerals Development (MSMD) is exploring several options and routes to attract investors to the country’s mining sector. And surplus mineral resources. Recognising the immense potential of Nigeria’s mineral resources, the MSMD has implemented a series of reforms and incentives aimed at creating a more attractive investment environment. One of the