According a 2023 report Despite several obstacles, the Nigerian gold mining sector, also known as “the Industry,” has grown significantly in recent years. Nigeria has a lengthy history of gold mining that dates back to the pre-colonial period. But it wasn’t until 2009 that the government started to take meaningful action to advance the industry.
Gold in Nigeria: Exploration and Exploitation
Gold is one of the most valuable resources in the world and a large amount of it is in Nigeria although the government focuses more on crude oil mining they need to shift their focus to exploration of gold in Nigeria as the nation is heavily endowed with it. Exploration of Gold in Nigeria is
The Growing Risks of Illegal Mining: Human and Environmental Costs
Illegal mining in Nigeria has become a pervasive challenge, claiming lives and devastating local ecosystems. The recent tragedies in Plateau, Taraba, and Adamawa States highlight the severe consequences of this unregulated activity. These incidents, resulting in the deaths of young miners, underscore the urgent need for robust regulatory oversight and community intervention. The dangers of
Gold Prices in Nigeria – Trends and Implications for the Local Mining Industry
Gold prices have shown significant fluctuations in recent years, and 2024 continues this trend. These shifts are having a direct impact on Nigeria’s gold mining sector, creating both opportunities and challenges for local miners and investors. While rising global gold prices could boost export revenues, forex instability and the rising costs of mining equipment are
A Comparative Analysis of Gold and Lithium Mining in Nigeria in 2024
Nigeria’s mining sector experienced notable developments in 2024, with gold and lithium mining emerging as key contributors to the nation’s drive toward economic diversification. Both minerals have distinct roles in the global and local markets, but their trajectories in terms of production levels, market demand, and regulatory frameworks present unique opportunities and challenges. This article
Zamfara Miners Urge Hajia Shinkafi to Boost Job Creation in Solid Minerals Sector
The Zamfara State chapter of the Association of Small Scale Miners of Nigeria has tasked Hajia Fatima Umaru-Shinkafi, the re-appointed Executive Secretary of the Solid Minerals Development Fund and Presidential Artisanal Gold Mining Initiative (SMDF/PAGMI), with job creation Daily Post Reports . The association stated that her appointment should further consolidate, deepen, and strengthen the
SROL Strengthens Stakeholder Relations Advances Nigeria’s Non-Oil Export Goals
Segilola Resources Operating Limited (SROL), a subsidiary of Thor Explorations Ltd, has strengthened its position as a leader in Nigeria’s mining industry by hosting key stakeholders in the gold value chain. In November, the company conducted various initiatives to demonstrate its commitment to responsible mining and community development. Highlighting these efforts was a Stakeholder Reception
Abandoned Treasures: A Historical Lens on Northern Nigeria’s Gold Mines
Gold mining has for a long time been tied to insecurity in North Western Nigeria. But activities of bandits and illegal miners does not tamper with the rich deposits that are found in the area albeit chipping away copious amounts of it. Understanding the background of Gold mining in Nigeria proves valuable in the course
Nigeria’s Minister Oduwole Lauds Gold Industry Contributions to Non-Oil Exports
Jumoke Oduwole, Minister of Industry, Trade, and Investment, emphasised the importance of non-oil exports for Nigeria’s economy at a recent stakeholders’ reception hosted by Segilola Resources Operating Limited (SROL). SROL, Nigeria’s first gold exploration and production company, organised the event following its participation in the Nigeria Mining Week. Speaking at the reception, Oduwole praised SROL
Unlearning the Colonial Roots of Illegal Mining
Illegal mining in Nigeria has deep historical roots. During colonial rule, resource extraction prioritised profit over local development, leading to exploitative practices and informal mining communities. Post-colonial governments inherited these structural issues but struggled to regulate the informal sector effectively. During the colonial period, mining in Nigeria was a central aspect of economic exploitation by