ely 4 to 5 percent of the GDP in the 1960s and 1970s. However, with the discovery of crude oil, the industry suffered from neglect, resulting in a mere 0.17%. ontribution to the GDP in recent years (2018 - 2022). In order to achieve the ambitious 3% target set in the mining roadmap for 2025, significant effort.

The extractive industry through mining activities (petroleum and solid minerals) is drastically changing the Nigerian landscape and tenure system. Everything from coal, sand, gold, petroleum and other precious stones are mined often in pristine ecosystem like the creeks, forests and mountains.

Salt iodization is a positive exemplar of a sustainable public-private partnership in promoting better nutrition outcomes in many countries. However, the gains in the past decades are gradually being eroded, following laxity in policy implementation, monitoring and regulatory roles resulting in increasing access to non-labelled salt in the …

In conclusion, several laws are regulating the oil and gas industry in Nigeria. This is because the oil & gas is very critical to the Nigerian economy; the earnings from oil & gas export is up to 90% of the total export earnings of the government. The most recent and reforming legislation is the Nigerian Oil and Gas Industry Content …

In 2019 the government made the decision to revise the Nigeria Minerals and Mining Act (NMMA), the law that has governed the sector since it came into force in 2007. However, as a result of the disruption caused by the Covid-19 pandemic, as well as other international and domestic challenges, the passage of the revised

There are various laws regulating oil and gas in Nigeria. The principals among these laws are the 1999 Constitution of Nigeria (as amended) and the Petroleum Act, which vested ownership and control of oil found anywhere in Nigeria in the Federal Government. This includes oil located within any land in Nigeria, under its territorial …

There are several problems in Nigeria's mining industry such as insufficient infrastructure, significant financing costs required for mining, unwholesome laws and illegal mining (Micah and Ibitomi, 2020). Illegal mining is widespread across Nigeria with very little data and deterrent measures in place to checkmate this unwholesome practice.

for any mining investor is a clear and unambiguous legal and regulatory framework. Major considerations for any investor under this head are licensing and permit requirements; …

In 2007, the National Assembly enacted the Nigerian Minerals and Mining Act, 2007 (hereinafter referred to as "the Act") repealing the 1999 Minerals and Mining …

The Sector has continued to prove itself a viable revenue generator for the country. As of August 2022, FGN's actual revenue from mineral and mining was ₦2.74Billion, representing over 40.7% of the prorata target of ₦1.94Billion1. This stellar performance was achieved despite some unplugged revenue leakages in the Sector and the inherent ...

A truck carries lithium carbonate at a lithium mine in the Atacama Desert, Chile. Photographer: Cristobal Olivares/Bloomberg via Getty Images. For the moment the find in Nigeria simply points to ...

This is a very important development as mining law reform is a fundamental pillar in the entire sector reform process. My objective in this paper is not to conduct a …

One of the key changes is that the law will give local governments the impetus to crack down on illegal mining by devolving responsibility from the federal to the state level of government. "The 2007 act is very federal government-centric, so essentially the powers and ownership of mineral …

Nigeria's Mining regulatory framework: To further attract investment, generate revenues and develop the local mining industry, the Federal Government of Nigeria has begun …

The Nigerian Oil and Gas Industry Contents Development Act 2010. The Act establishes the Nigerian Content Development and Monitoring Board (NCDMB) under Section 4 of the Act to guide, monitor, coordinate and implements the provisions of the Act. The Act aims at promoting indigenization of the nation's oil and gas industries in …

The Nigerian Minerals and Mining Act 2007 (the Mining Act) and Nigerian Minerals and Mining Regulations 2011 are the primary sectoral legislations governing the Nigerian mining sector. The laws expressly provide that the entire property in and control of all mineral resources in, under or upon any land in Nigeria shall be vested in the ...

In the first quarter of 2022, Nigeria recorded an average daily oil production of 1.49 million barrels per day (mbpd), accounting for 6.63% of total GDP. Nigeria is among the world's top five exporters of liquefied natural gas (LNG). The country's exports of natural gas rose by 14% in 2021, accounting for 9.24% of total exports.

In this publication we do a macroeconomic review of the Nigerian mining sector, look at mining and ESG and also review the mining regulatory framework.

In conclusion, the commitment to combat illegal mining and establish Nigeria as a prominent mining destination is a testament to the government's dedication to enhancing the mining industry. The training of over 2000 mine marshals marks a progressive step towards securing and regulating the mining sector, ultimately …

Quarrying business is an important sub-sector of the Nigerian mining industry. The mining and quarrying sector contributed over N100 billion to Nigeria's GDP in 2021 . The quarrying business sector is regulated by the Federal Ministry of Mines and Steel ("Ministry") in terms of issuance of registration, permits, community development ...

ABSTRACT. This work seeks to highlight the regulatory framework of the Nigeria Mining industry and. the challenges of mining operations in Nigeria with a view to proffering solutions. INTRODUCTION ...

The Nigerian Minerals and Mining Act 2007 ("the Act") was passed into law on March 16, 2007 to repeal the Minerals and Mining Act, No. 34 of 1999 for the purposes of regulating the exploration and exploitation of solid materials in Nigeria. This paper reviews the critical aspects of the Act.

Mining Review Africa (MRA) is the leading monthly magazine and digital platform in the African mining industry. Every month, MRA reaches an audience of over 50 000 influential mining authorities and key decision makers through a variety of channels, including an interactive website, videos and print distribution at all major mining …

This article will briefly discuss various laws affecting the oil and gas industry in Nigeria, as well as important compliances in the petroleum sector. 1. 1999 Constitution of the Federal Republic ...

Earlier this year Nigerian President Muhammadu Buhari signed the Petroleum Industry Act (PIA) 2021, bringing to a close a 20-year effort to reform Nigeria's oil and gas sector, with the aim of ...

The Nigerian Minerals and Mining Act is the principal legislation that regulates the sector. The Act vests the control, regulation and ownership of all mineral resources in the …

15 SS.30(1) and 85(1) Minerals and Mining Act, 1999: a right of preemption in the minerals discovered, won, obtained or processed is reserved to the Federal Government. Under S.30 (2) of the Act, minerals discovered during prospecting operations may only be removed with the consent of the Minister.

Nigeria is a lower middle-income country with a surface area of 923.8 thousand square kilometers and population of between 140 and 188.686 million (National Mineral and Metal Policy 2008; World Bank 2017; IMF 2017).It has a population growth of 2.6% and a GDP of 405.08 billion US dollars with an annual GDP growth rate of −1.5% …

Unlike the oil and gas industry, minerals extraction has typically lacked clear local content regulations. The new act aims to address this by ensuring that mines are connected …

36% is re-injected and applied operationally while approximately 16% represents domestic consumption, 70% of which is utilised in Nigeria's Power sector. Nigeria has about 14 gas processing plants capable of gas treatment and conditioning. Nigeria has a 1,000 km high-pressure inter-state gas pipeline that is the main …