Nigerian Mining Sector Watch

Nigeria currently boasts of over forty-four (44) priced solid minerals in the mining space, with huge deposits scattered over different parts of the country. However, the contribution of this sector …

An Overview of the Tax Incentives Available to Operators …

article examines the incentives provided by the Nigerian Minerals and Mining Act of 2007 and assesses their alignment with other tax laws. Tax Incentives under the Minerals Act The Minerals Act grants tax concessions to companies or enterprises engaged in mining operations in Nigeria. Some of those concessions include the following: 1.

(PDF) Solid Mineral Deposits and Mining in …

Solid Minerals and Mining in Nigeria Final pdf.pdf. Content uploaded by Moses Olade. Author content. All content in this area was uploaded by Moses Olade on May 11, 2019 .

THE IMPLICATIONS OF ILLEGAL MINING FOR NIGERIA'S …

This paper assesses the national security implications of illegal mining of solid mineral in Nigeria within the context of a resurging government's interest that is primarily based on ...

Artisanal & Small-Scale Mining – Ministry of Solid Minerals …

The functions of the ASM Department include the implementation of the provisions of the Nigerian Minerals and Mining Act, 2007 as it concerns Artisanal and Small-scale Mining and developing a robust policy/legal framework to guide artisanal and small-scale mining in Nigeria. In specific terms, the functions include; a.

UNDERSTANDING THE LEGAL AND REGULATORY …

Over time, the solid mineral sector in Nigeria has remained largely undeveloped. However, in recent times, the government has committed to developing the country's mining sector. This …

Ministry of Solid Minerals Development – On the Road to Shared Mining

To exploit the nation's mineral endowments in an environmentally sustainable manner and establish a vibrant minerals and metals industry for wealth creation, poverty reduction, promotion of economic growth and significant contribution to the GDP of Nigeria. ... Mineral deposits in Nigeria. There are at least 44 Mineral deposits in commercial ...

The environmental implications of the exploration and …

This study aims to geospatially assess the environmental impacts of mining activities on water sources in Itagunmodi, Osun State, Nigeria, with the following objectives: (i) map the locations of ...

Nigeria: Tax Incentives for Investment in Mining and Metals …

Mining activities before 2007 in Nigeria were carried out in accordance with the provisions of the Federal Minerals and Mining Act (FMMA) of 1999. In 2007, the Nigerian Mining and Minerals Act (NMMA) was enacted, repealing the FMMA of 1999, for the purpose of regulating the exploration and exploitation of minerals in Nigeria.

Solid Mineral Deposits and Mining in Nigeria:

The solid minerals and mining sector contributed a paltry 0.5% to the Gross Domestic Product (GDP) in 2018, with annual production averaging 40 million metric tons valued at about 34 billion naira ...

Mining and Quarrying (Solid Minerals) PRODUCTION …

Mining and Quarrying (Solid Minerals) PRODUCTION (OUTPUT IN TONS), 2016. Source: National Bureau of Statistics, Nigeria. Mining and Quarrying. Data. National Bureau of Statistics, Nigeria. Mining and Quarrying (Solid Minerals) PRODUCTION (OUTPUT IN TONS), 2016. Bauchi. Bauchi. Bauchi - TOTAL; Bauchi - Granite Aggregate;

MINING LICENSE/ PERMITS, COST & REQUIREMENTS IN NIGERIA

Mining license is in Nigeria, the eligibility to mine and fees/ cost of mining license, Types of licenses and requirements to obtain mining license/ permits. ... Nigeria has historically gained minimal value from its abundant mineral resources. The mining sector's contribution to the nation's gross domestic product remains below 1% ...

Is Nigeria's solid minerals corporation the mining sector's …

Read also: Why Nigeria's solid minerals sector is crawling Despite the hurdles, the proposed Solid Minerals Corporation holds promise as a solution to the mining sector's challenges. On the positive side, it aims to attract Foreign Direct Investment (FDI) by creating a conducive environment for investors, fostering economic growth, and providing job opportunities.

Solid Mineral Mining in Nigeria

Illegal mining prevails prevails because leaders have not provided a feasible legal way for interested parties to derive value from solid minerals; Nigeria is one of the countries of the world ...

Nigerian Mining Sector Brief

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 Federal Government of Nigeria (FGN). The Minerals and Mining Regulations and the National Minerals and Metals Policy also govern the sector.

NIGERIAN MINERALS AND MINING ACT

Minerals and Mining Act 2007 for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria; and for related purposes. [2007 No. 50.] [29. th March, 2007] [Commencement.] ENACTED by the National Assembly of the Federal Republic of Nigeria. CHAPTER 1 . Minerals, Exploration, Mining and Quarrying. PART ...

Solid Minerals and Mining Incentives in Nigeria

Solid Minerals and Mining Incentives in Nigeria The mining sector in Nigeria enjoys Pioneer Status with attendant tax holiday to all companies operating in the sector.A comprehensive package of incentives has been put in place to create …

Nigeria, France Sign MoU to Transform Solid Minerals …

Nigeria and France have signed an MoU aiming to promote sustainable mining, secure critical minerals, and advance environmental rehabilitation in mining communities. Nigeria and France have agreed to develop joint projects to promote and diversify the critical minerals' value chain in the solid minerals sector of both countries, the West ...

The Ministry – Ministry of Solid Minerals Development

To exploit the nation's mineral endowments in an environmentally sustainable manner and establish a vibrant minerals and metals industry for wealth creation, poverty reduction, …

UNDERSTANDING THE LEGAL AND REGULATORY …

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

mining asolid mineral in nigeria

Nigeria and solid mineral gains - Vanguard News. 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 ...

Solid Mineral Mining in Nigeria: Gout and Cataracts in …

Solid Mineral Mining in Nigeria: Gout and Cataracts in the Lens of the Legal Instruments E. E. Egba A. Amuda-Kannike, SAN Abstract The principal legislation for mining and solid mineral development in Nigeria is the Nigerian Minerals and Mining Act 2007. However, this law and Section 44(3) of the Constitution took the entire mineral

Alake Unveils 7-Point Agenda For Solid Minerals

On the creation of the Nigerian Solid Minerals Corporation, the minister said "mining is big business. Nigeria must assert its presence in this environment by replicating its strategic ...

Understanding Solid Minerals Law and Taxation

mines and solid minerals, Nigeria's fiscal regime in mines and solid minerals and lessons from the fiscal regime in mines and solid minerals in selected economies in Africa. ... 4.3 Other Provisions in the 2007 Minerals and Mining Act 45 4.4 Impact of Taxes on Solid Mineral Exploration prior to 1999 ..... 49 CHAPTER FIVE Lessons from Fiscal ...

THE PROCEDURE AND COST FOR OBTAINING MINING LICENSE IN NIGERIA

Letter of consent from a Mineral title holder to be possessed or purchased; Payment of the prescribed fee; When a Possess or Purchase License is issued, the duration is 1 year subject to renewal. MINERAL BUYING CENTRE LICENSE. The Mineral Buying Centre License is required for companies or industries willing to process mineral resources in Nigeria.

Mining Regulatory Update – Highlights Of The Guidelines …

INTRODUCTION. On November 16, 2023, the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, officially launched the 'Guidelines for the Production of Community Development Agreement in the Solid Minerals Sector' (the "Guidelines").The Guidelines was issued in pursuance of the provisions of Section 116 of the Nigerian Minerals …

Nigeria's Mining and Metal Sector

Before the oil boom, Nigeria's economy was largely sustained by agriculture and exploration of solid minerals." Government attempted to liberalise the mining sector by introducing the new …

Artisanal & Small-Scale Mining – Ministry of Solid Minerals …

The functions of the ASM Department include the implementation of the provisions of the Nigerian Minerals and Mining Act, 2007 as it concerns Artisanal and Small-scale Mining and developing …

An Appraisal Of Business Potentials And Legal Framework In Nigeria…

Other Solid Minerals that can be found in Nigeria include; Rock salt, Gemstones, Kaolin, Tantalite, and Gypsum. Legal Framework. Exploitation and exploration of Solid Minerals are governed by the Nigerian Minerals and Mining Act 2007 ("the Act"), and the Nigerian Minerals and Mining Regulation 2011. The Act vests control of all properties and ...

Taxation of Solid Mineral Mining in Nigeria

The import of this provision in the constitution is that only the National Assembly can make laws for the development of solid minerals in any part of Nigeria. 3.2.2 Minerals and Mining Act, 2007 Nigeria‟s current federal legislation on solid minerals, the Minerals and Mining Act 2007, was intended to reflect international best practice and ...

Solid Mineral Mining in Nigeria: Gout and Cataracts in …

9 See Nigerian Mineral and Mining Regulation 2011. Other laws, policies and regulations regulating the mining law in Nigeria as noted above include Minerals and Mining Act LFN 2007; Mines and Quarries (Controls of Buildings, etc.) Act 2004 and Land Use Act 1978 now 2004. 10 Sections 33 and 63 of the Act 11 Section 10 of the Act

Nigeria: Leading Africa's Potentials In Mining Solid Minerals

Alake's approach positions the solid minerals sector in Nigeria for a promising era, emphasizing its role as a cornerstone for economic development. One thing is sure, better days lie ahead for solid minerals and mining in Africa under his leadership. Arabinrin Aderonke, an award-winning investigative journalist is a gender, peace, and good ...

Challenges and prospects of mining of solid mineral …

Challenges and prospects of mining of solid mineral resources in Taraba State, Nigeria Received 4 December, 2017 Revised 24 December, 2017 Accepted 10 January, 2018 Published 31 January, 2018 ... The vast economic potentials of the mining sector in Nigeria where government holds all mineral rights has been widely reported (Merem et al., 2017 ...

Ministry of Solid Minerals Development – On the Road to …

To exploit the nation's mineral endowments in an environmentally sustainable manner and establish a vibrant minerals and metals industry for wealth creation, poverty reduction, promotion of economic growth and significant contribution to the GDP of Nigeria.

Nigerian Mining Sector Watch

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 Act ("the Act"), 2007 - the principal legislation regulating the mining of solid minerals in Nigeria. The new Bill i.e., the Nigerian Minerals & Mining Bill 2023