The Nigerian mineral extraction industry consists of 3 major sub-sectors namely, Oil sector, Gas sector and the Solid minerals sector. However, the country is mainly known for its oil and gas endowments, leading to the neglect of over 34 solid minerals located in about 450 locations across the country’s extractive industry.
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· For over four decades, the Nigerian economy has mostly depended on proceeds from the sale of crude oil. This is at the expense of other sectors such as solid minerals and agriculture that hitherto, contributed significantly to the economy of Nigeria. Employing both qualitative and quantitative analysis, this paper shows that the solid
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· Solid Mineral resources are the result of mineral and organic formations in the earth’s crust creation over millions of years starting with the first sources of the Earth’s origin. It contributed immensely to the economic development of Nigeria in the pre-independence years.
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However, only a few of these minerals are currently being exploited. Previously significant foreign exchange earnings from coal, gold, tin, columbite, tantalite, lead, zinc and wolf Amite, were reduced dramatically with the onset of the oil boom and the neglect of the
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· The Minister of Solid Minerals, Mr. Dele Alake, has unfolded President Bola Tinubu’s seven-point agendas for the solid minerals sector. Alake, during an interactive session with Political Correspondents, today , in Abuja, said that he has the mandate of President Tinubu to ensure that the Solid Minerals sector accounts for at least 50
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:Neglected Minerals of DevelopmentPublish Year:2020Author:Amir Lebdioui · We prepared reports describing the fundamental role of minerals and their governance in sustainable development, and we formulated draft wording for goals
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· While the renewed interest in solid minerals exploitation will yield more revenue for the country, if not properly controlled it will lead to further devastation to the environment. The case histories of Tin in Jos and Coal in Enugu show clearly that exploitation of these minerals pose numerous environmental hazards.
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:[email protected] Business Climate Reporter · However, while linkages arising out of high-value mineral resources are at the core of academic attention, opportunities arising out of so-called ‘low-value minerals’
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:Adeyinka O. Omotehinse, Bankole D. AkoPublish Year:2021 · The solid minerals sector has been a long neglected one but the new drive towards diversification has rekindled interest in the sector, Anna Okon writes. The
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。，。。 · Nigeria’s mining sector is diverse in mineral resources that make a significant contribution to the nation’s gross domestic product. The country is endowed with an estimated US $700 billion in commercially viable minerals with the capacity to diversify its revenue sources and boost foreign exchange earnings.
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· However, while linkages arising out of high-value mineral resources are at the core of academic attention, opportunities arising out of so-called ‘low-value minerals’ have often been neglected. This paper aims to contribute to the recent efforts attempting to fill this gap by evidencing the ways in which industrial minerals and construction
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· The solid minerals sector has been a long neglected one but the new drive towards diversification has rekindled interest in the sector, Anna Okon writes The commercial value of Nigeria’s solid
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The solid minerals sector alone has the potential to generate employment and wealth for over five from oil no doubt led to the neglect of this huge economic hub. The “Dutch disease ” (Auty
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However, only a few of these minerals are currently being exploited. Previously significant foreign exchange earnings from coal, gold, tin, columbite, tantalite, lead, zinc and wolf Amite, were reduced
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Nigeria’s solid mineral sector through legal intervention. Section 2 of the paper looks at the issues and challenges experienced in Nigeria’s solid mineral sector. Section 3 discusses the role of law in the sustainable development of the sector. Section 4 evaluates
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mining of solid mineral resources. It was alleged that two companies robbed the country of over ₦100 billion while the total loss was put at about ₦400 billion in 2017. In its effort to revive the sector, the Federal Government of Nigeria introduces a lot of reforms in
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:Development MineralsMining Industry · The exploitation stage of a solid mineral consists of the mining of the relevant mineral. Mining could be open-pit when the mineral deposit occurs at shallow
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· Alake stressed that the era of carting away solid minerals is over, charging countries on the continent to speak with one voice on value addition as a prerequisite for investment in the mining
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Keyword: Solid Mineral, Mining, Mineral Resources, Investors. I. INTRODUCTION T he discovery of oil in Nigeria has led to the neglect of a sector like solid mineral that has the capacity to generate large revenue, foreign exchange and employment for the nation
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· The exploitation and exploration of solid minerals are governed by The Nigerian Minerals and Mining Act 2007 (“the Act”) which was passed into law on March 16, 2007 to repeal the Minerals and
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· Gov. Alia's solid steps to exploit Benue's solid minerals. Written by Bridget Ikyado. 28 February 2024. In spite of efforts of governments at various levels to diversify the economy, earn foreign exchange and create jobs, reports of illegal mining of solid minerals across many states of the federation are very disturbing.
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Persons in paid employment. 300.675 228.276. One of the allied sub sectors of the solid mineral industry is the building and construction industry. As can be seen from the graph above, the number
Consulta · 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.
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The Federal Government collected a further sum of N 26,120,477,004.00 as tax revenue from the solid minerals sector in same 2010. The total of these revenues generated in 2011 do not portray the probable revenue than can be generated from the quantum of solid mineral reserves available in Nigeria.
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· 38 NEITI, Solid Minerals Sector Audit Report for the Year Ended 31 December 2014 (December 2016) P. 57 39 This was stated by the Minister of Solid Minerals Development, Kayode Fayemi. See "How
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· Neglect Of Solid Mineral Sector Fuelling Insecurity – Masari Governor Masari says agitation for resource control and restructuring would dry up when other resources, such as solid minerals, are
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· By Isaac Anyaogu. LAGOS, Jan 30 (Reuters)-Nigeria plans to offer investors at least a 75% stake in a proposed solid minerals corporation, a minister said on Tuesday, as lawmakers draft
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· Solid Minerals: Nigeria’s neglected cash cow Mining as a major economic activity has a long history in Nigeria. Its importance could only be compared to agriculture as both sectors were once… Mining as a major economic activity has a long history in Nigeria. Its
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solid mineral in Nigeria due to the neglect of the sector by the present administration despites of the campaign promise to over 180 millions Nigerian. Available data revealed that Nigeria has
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· Nigeria’s mining sector is diverse in mineral resources that make a significant contribution to the nation’s gross domestic product. The country is endowed with an estimated US $700 billion in commercially viable minerals with the capacity to diversify its revenue sources and boost foreign exchange earnings.
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