In an industry long characterised by underutilisation, poor investment, and opaque governance, Nigeria’s mining sector is gradually being reimagined as a frontier of national wealth and sustainable development. At the heart of this emerging transformation is the visionary leadership of Hajiya Fatima Umaru Shinkafi, Executive Secretary of the Solid Minerals Development Fund (SMDF). Since assuming
The industry has been greatly impacted by the Nigerian Minerals and Mining Act of 2007, which is the cornerstone of the nation’s mining regulatory system. It has definitely encouraged investment and economic progress, but it hasn’t been without difficulties and controversy. The Act’s success in luring foreign direct investment is one of its noteworthy accomplishments.
An essential part of Nigeria’s mining regulatory structure, the Nigerian Mining Marshals are charged with upholding the law, guaranteeing compliance, and encouraging sustainable mining practices. The Mining and Minerals Act of 2007 gave rise to the Marshals, who are essential in tackling the industry’s many problems, such as unlawful mining, environmental damage, and safety issues.
The Nigerian government’s recent announcement of a comprehensive forensic audit into the mining sector has sparked widespread interest and speculation. This move, aimed at uncovering potential irregularities and ensuring transparency in the sector, is a significant step towards enhancing the country’s economic prospects. The mining sector in Nigeria has been a subject of scrutiny for
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