In the past two decades, the Federal Government of Nigeria has made concerted efforts to revitalise and grow Nigeria's mining sector to diversify its sources of revenue and foreign exchange earnings.
1 Based on the Nigerian Gross Domestic Product Report for Q4 2023, published by the National Bureau of Statistics, the total contribution of the Mining sector (i.e., coal mining, metal ores and quarrying and other …
Nigeria's government is cracking down on illegal mining, making dozens of arrests of unlicensed miners since April for allegedly stealing the country's lithium, a critical mineral used in batteries for electric vehicles, smartphones and power systems.
The impact of COVID-19 on mining operations in Nigeria. COVID-19 led to draconian lockdown measures in countries around the world, including Nigeria. Reduced mining operations and lower demand led to the closure of mines worldwide. The uncertainty that accompanied the pandemic has also led to the volatility of commodity …
Classes of mining title - The Act creates two classes of mining title: the Prospecting Right and the Mining Lease. A Prospecting Right may either be exclusive or …
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.
"Section 2 of the Explosives Regulations, Cap. 117, Laws of the Federation of Nigeria, 1990 defines explosives…The same section defines mining as having the meaning assigned to it in the Minerals Act, and shall include the use of explosives in works authorized under the Petroleum Act.
Energizing the Nigerian Mining Sector and Placing Nigeria on the Global Mining Map Legal and Regulatory Framework Types of Mineral Titles and Licences 2.1 Coal 9 2.2 Bitumen 10 2.3 Limestone 10 2.4 Iron-Ore 10 2.5 Barites 11 2.6 Lead-Zinc 11 2.7 Gold 11 2.8 Other Emerging Strategic Minerals 12 5.1 Taxes, Royalties and Fees 20 5.2 Fiscal ...
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 …
This study offers a thorough legal examination of strategies and regulatory measures aimed at addressing illicit mining operations in Nigeria.
Despite these frameworks, Nigeria's mining sector is yet to reach its full potential [40][41][42]. Research has shown that enacting an Act and introducing laws or policies to drive Nigeria's ...
MEREMCO is a provision of the Nigerian Minerals and Mining Act. The law envisaged that there will be partnership between the federal and state governments. There are provisions for all the ...
The Dangers of Sand Mining in Nigeria. Sand mining has severe environmental consequences. It can cause erosion and sedimentation, which can alter the flow of rivers and affect the habitats of aquatic organisms. ... The government can enforce existing laws and regulations to ensure that sand mining activities are carried out in a …
Mr Adegbite said the law in operation is the 2007 Nigeria Mineral and Mining Law that has become obsolete. He added that a lot of new things have come up in the mining sector.
This paper presents the loopholes and the ways to curtail the activities of illegal mining of minerals in Nigeria. KEYWORDS: illegal, mining, government, foreigners, mining rights, minerals, Nigeria, license, reform, services, monitoring. INTRODUCTION Illegal mining is the mining operation that is carried out without consent permit or allowance
NIGERIAN MINERALS AND MINING ACT . An Act to repeal the Minerals and Mining Act, No. 34 of 1999 and re-enact the Nigerian ... N19, Laws of the Federation of Nigeria, 2004 and the National Parks Service Act, Cap. N65, Laws of the Federation of Nigeria, 2004; or (e) over which a mineral title has previously been granted by the Mining Cadastre
In pursuit of this aim, Nigeria revamped its mining law in 2007 and, again in 2011, with the aim of diversifying its economic and the Ministry of Mines and Steel Development has designated seven strategic minerals for …
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.
It is important to further emphasis that any foreign company seeking to engage in mining or buying of lithium or other mineral resources in Nigeria must first incorporate a local company in Nigeria. Under the Nigerian company law, every foreigner seeking to engage in business activities in Nigeria must incorporate a local entity; a …
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
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 …
By virtue of the Constitution and the Nigerian Minerals and Mining Act 2007 (Chapter N162 Laws of the Federal Republic of Nigeria (LFN) 2004 (the Mining Act), the federal government has title to ...
Regulatory Framework of the Nigerian Mining Sector. Establishment of the Minerals Act and Powers of the Minister. The mineral sector is regulated by the Minerals and Mining Act 2007 ("the Act"). ... The importance of an effective environmental law cannot be over-emphasised, as lack of adherence to exploitation protocols have resulted …
Nigerian Mining –Progress, but still a long way to go 3 Executive Summary 01 The Nigerian Mining Landscape: The mining industry was once a substantial contributor to the growth of the Nigerian economy, accounting for approximately 4 to 5 percent of the GDP in the 1960s and 1970s. However, with the discovery of
Over the past decade, the Nigerian mining sector (the Sector) contributed less than 1% to the Nation's Gross Domestic Product (GDP), year-on-year. Nigeria Home About Mondaq Topics. ... the respective laws afford the beneficiaries of the tax holiday incentive different levels of additional fiscal benefits other than exemption from income …
New Bill to Replace Nigerian Minerals & Mining Act, 2007 The Federal Executive Council (FEC) on 5 April 2023, approved a draft amendment of the Nigerian Minerals & Mining …
In Nigeria, there are a number of laws applicable to the mining sector such as the Constitution of the Federal Republic of Nigeria 1999 (as amended) (the Constitution), Land Use Act, Cap L5, Laws of the Federation 2004 (the Land Use Act); Nigerian Minerals and Mining Act, 2007 (the Mining Act); Nigerian Minerals and Mining
The Nigerian Minerals and Mining Act of 2007, National Minerals and Metals Policy 2008 and Nigerian Minerals and Mining Regulations 2011 regulate the mining industry in Nigeria. In …
1 LEGAL AND POLICY ISSUES IN THE DEVELOPMENT OF NIGERIA'S MINING SECTOR: CHARTING THE WAY FORWARD BY P.T. Akper, SAN, OFR * & Laura Ani ** Abstract The development of Nigeria's mining sector has been slow despite its huge potentials. To reinvigorate the seemingly comatose sector, successive administrations …
Unlike countries such as Ghana and Burkina Faso, Nigeria does not have a well-developed large-scale mining sector, and the majority of gold mining in the country is carried out by artisanal and small-scale miners. Artisanal mining activities in Nigeria are almost by definition informal – that is, operating outside current laws and regulations.
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نشانی: شماره 1688، جاده شرقی گاوک، منطقه جدید پودونگ، شانگهای، چین.
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