Nigerian Mining

Taraba State Taskforce Arrests 5000 Illegal Miners

The Taraba state taskforce on Environmental Protection , public safety arrested More than 5,000 illegal miners. The agency also expressed worry that the current attempt to limit the burning of trees for charcoal is motivated by the fear of desert encroachment and other environmental deterioration. According to Arise News, the continuous fight against unlawful tree-cutting

Legal Framework for Mining Operations in Nigeria

The main legislation controlling Nigeria’s mining industry is the Minerals and Mining Act (2007). In Nigeria, the law governs every facet of the exploration and extraction of solid minerals. Below are links to more significant laws that make up the mining industry’s regulatory framework. West Africa has for long been a destination of choice for

Promoting Investment in Nigeria’s Mining Sector

The Nigerian Mining industry has not received much investment in the past. Notwithstanding its potential, Alake bemoaned on May 8 that Nigeria’s exploration budget, with only $2.5 million committed, is placed 12th in Africa by S&P Global Ratings, while Côte d’Ivoire’s budget is $147 million. A lot of interesting initiatives never get past the feasibility

FG Revises Mining Rates to Drive Sector Reforms

The Ministry of Solid Minerals Development has issued updated rates aimed at enhancing the mining sector’s operational efficiency and supporting ongoing reforms. At a press conference, Dr. Dele Alake, Minister of Solid Minerals Development, emphasised that these adjustments indicate the government’s commitment to boosting revenue from solid minerals. According to the government, the new rates

$2 Billion Annual Losses Jeopardise Nigeria’s Solid Minerals Sector

Dr Oladele Alake, the Minister of Solid Minerals development after a preliminary survey conducted by GeoScan, estimated the worth of minerals hidden under the Nigerian soil to be more than $750bn leading the way to trillions of dollars. He blamed ‘powerful Nigerians’ for the illegal mining activities and acts of terrorism going on in different parts of the country, debunking the notion that foreigners were to blame. The