Challenges and prospects in solid minerals development in nigeria sunday iduh korea development institute school of public policy mineral development in nigeria has been highly focused on the oil industry. Nigeria is the largest oil producer in africa and contributes three percent of global oil production. Each content also contains information, maps, pictures or images as well as the uses and products derived from such minerals after each final processing. Dada abstract nigeria has an enormous amount of solid minerals which can be harnessed for our economic well being. Historically, nigeria s mining industry was monopolized by stateowned public corporations. The solid minerals sector had been targeted by the previous administration to contribute 5% to gdp by 2015 and 10% to gdp by 2020.
The growth in nigerias economy since independence in 1960 has not significantly affects the lives and the general well being of its citizens. How to create 10 million jobs in the nigerian solid minerals. As a result, mining is done virtually in all the states of the federation. Pdf the growth in nigerias economy since independence in 1960 has not significantly affects the lives and the general well being of its. Nigerian mining sector brief 1 nigerian mining sector brief. We shall touch on the promise these mineral raw materials hold in the new millennium for exciting new. Mining regulation is handled by the ministry of solid minerals development, which oversees the management of all mineral resources. Nigeria is endowed with abundant mineral resources including gold, iron, lead, zinc, rare metals snnbta, coal and gemstones which. Report on the financial audit of nigeria solid minerals sector 20072010 1 nigeria extractive industries transparency initiative neiti financial audit. Assessing the ecological effects of mining in west africa. Experts list challenges facing solid minerals sector the. Comparative analysis of solid minerals in nigeria with subsaharan africa and.
Pdf on may 11, 2019, m a olade and others published solid mineral deposits and mining in nigeria. Sep 19, 2018 he said geological and geophysical data on solid minerals in nigeria were grossly inadequate, adding that the geoscientific data help in delineating mineral locations, among others, which are are. Nigeria earned zero revenue from solid minerals in q3 2017. That said, based on current data, nigeria s solid minerals sector makes up about 0. Mining in nigeria the nigerian minerals and mining act, 2007 for long, west africa has been a destination of choice for mining executives the world over, with countries like burkina faso, ghana, ivory coast and niger. The annual nigeria extractive industries transparency initiative neiti solid minerals audit report put total revenue from the sector in 20 at n33. Fayemi said the approval for the reconstitution of the. The act vests entire right and control of all mineral resources in, under, or upon any land in nigeria, its contiguous continental shelf and all rivers, streams and.
Mineral resources management information system onuiri ernest. Developing the solid minerals sector quick wins for the new. Challenges and prospects of mining of solid mineral resources. Nigeria solid minerals sector volume 1 pdf slideshare. Nigeria is endowed with vast reserves of solid minerals, including, but not limited to, precious and base minerals, industrial minerals, energy minerals and metals. However, the mineral deposits that are broadly categorized according to their uses, has seven strategic solid minerals which the ministry has identified its commodities in nigeria. Nigeria has a range of world class minerals resources, such as gold, limestone etc. He said geological and geophysical data on solid minerals in nigeria were grossly inadequate, adding that the geoscientific data help in delineating mineral. In this article, we gave you the list of mineral resources in nigeria and their locations. J m eyre frics mimmm miq cenv afrin, a v agba phd wardell armstrong international limited may 2007 ref. Abuja on product development for solid minerals in nigeria, tuesday 16th thursday 18th january 2018. I speak today on behalf of the core leadership of this ministry and duly acknowledge the support and contributions of my brother and colleague hon. The environmental implications of the exploration and exploitation of solid minerals in nigeria with a special focus on tin in jos and coal in enugu. Of all the minerals, limestone which is essential in manufacturing.
Scope and status of privatization activities in the solid mineral sector of the nigerian economy pdf. In general, the yearly demand for all these items has transcended one million tonnes. List of nigeria natural resources and solid mineral deposits. We began to explore and exploit her natural mineral resources in 1902 and in its prime, the solid minerals sector was one of the largest producers of tin and coal, as well as a producer of a considerable 1. Nigerias solid minerals as a source of economic development. Solid minerals exploration mining exportation sales. Strategies, prospects and constraints of solid minerals development in nigeria okechukwu i. Solid minerals development stated that in order to give the reforms in the mining sector a more meaningful approach, the leadership of the ministry has prioritized the development of seven strategic minerals 7sm, coal, bitumen, limestone, iron ore, barytes, g old and leadzinc. The mining of minerals in nigeria accounts for only 0. In 2015, a marginal growth was recorded in solid minerals mining with.
The mining and solid mineral sector of the extractive industry in nigeria has always been a viable greenfield and is now getting the attention it deserves, having. Nigeria solid mineral resources and their location naijabizcom. Solid minerals sector audit report for the year ended 31st december, 2015. In spite of the abundant and diverse solid mineral deposits in nigeria about 44 different types of nonoil mineral resources including gold, copper, ironore. Official pdf, 126 pages world bank documents world bank group. Talc over 40 million tonnes deposits of talc have been identified in niger, osun, kogi, ogun and kaduna states. The countrys solid mineral resources were one of the major attractions for colonialism and it was with the proceeds of these resources that the economy was maintained and industrial resources acquired. Buhari appoints malami, six others to board of solid minerals.
Pdf the growth in nigerias economy since independence in 1960 has not significantly affects the lives and the general well being of its citizens. While that is a significant role, it is smaller than its true potential as the. I 1988 nigerian foreign investment law and policy, lagos mikzek law publication ltd. In this article, i will share with you the list of solid minerals in nigeria and their states of location. The minister of mines and steel development, kayode fayemi, on thursday inaugurated the board of solid minerals development fund smdf. Illegal mining of solid minerals in nigeria is an offence that attracts punishment by law, so if you want to start the business of mining solid minerals in nigeria i will advice you obtain solid minerals mining license from the federal ministry of mines and power in abuja. Resources, management information system, nigeria, mines, solid minerals introduction resources can be defined as a reserve of wealth and staff that can be obtained by an individual or an organization in order to function effectively. Nigeria is often descri bed as a country endowed with abundant mineral resources, including the occu rrence of over 40 different solid m inerals at approximately 450 locations. List of solid minerals in nigeria and their locations. Although the overall contribution of mining to the national gdp has. How to create 10 million jobs in the nigerian solid minerals industry image source. An overview 1 a state by state account of the solid mineral deposit in nigeria as well as their uses is the focus of the column for the week. The commercial value of nigerias solid minerals has been estimated to run into hundreds of trillions of dollars, with 70 percent of these buried. These solid minerals drive the economic sector of nigeria.
The world class minerals in nigeria warrants a closer look especially by foreign mining companies. This section of the site is about nigeria natural resources and solid minerals deposits from different nigeria states, regions and other locations. These minerals have remained untapped over the years. Mineral resources in nigeria and their locations legit. So, as far as you can see, nigeria is rich in mineral resources. A well mined and well processed solid mineral and gemstones attracts more money than a roughly or badly minedprocessed one. Natural resources are those supplied to us by nature. Pixabay the unemployment rate in nigeria has continued to experience a fastrise in recent years, with youth unemployment accounting for over half of the unemployed citizens. The specific objective is to examine the causal relationship between solid minerals resources and economic growth in nigeria. List of solid minerals in nigeria and where to find them. However majority of the mines have been abandoned and the nigerian government is making plans to bring it back using privatisation. Solid minerals, economic growth, exports, exchange rate, ols. Nigeria solid minerals nigeria high commission ottawa.
Generally, the act is administered by the minister for solid mine ral s. The environmental implications of the exploration and. Federal ministry of solid minerals development for accelerating and scaling up the role of solid minerals in nigerias economy. The absence of solid mineral buying centers and lapidaries has enabled the flourishing of illegal sale cartels out of the country, with resultant loss of solid minerals revenue from taxes and royalties. List of solid minerals in nasarawa state read citation on the mineral resources of nasarawa state. Using the mining sector to diversify nigerian economy. That means that based on current official exchange rates, the mining sector contributes n400billion in value to the economy. Solid minerals exploration mining exportation sales and investmen in nigeria 1. These seven minerals are world class and have been. Pdf taxation of solid mineral mining in nigeria perisuo. Tantalite ore mineral deposits in nigeria with their. Mining regulation is handled by the ministry of solid minerals development, which oversees the management of all. Policy brief on solid minerals sector for the national assembly cislac policy brief 4 nigeria is blessed with a lot of mineral resources that are widely distributed across the country. As a matter of urgency, the government should establish various mineral buying centers and lapidaries across the relevent zones in the country.
Nov 20, 2015 nigeria solid mineral resources and their location. Mining law is codified in the federal minerals and mining act of 1999. Current contribution of the solid minerals sector to gdp averages about 0. The vastness of nigeria s minerals resources cannot and should not be over emphasised. A state by state account of the solid mineral deposit in nigeria as well as their uses is the focus of the column for the week. An economic analysis of natural resources sustainability for the mining sector component nigeria prepared by. Tin ore is one of nigerias major solid mineral endowment. Mineral resource is definable us geological survey circular 831, 1980 as a concentration of naturally occurring solid, liquid or gaseous material in or on the. Nigeria earned zero revenue from solid minerals in q3. Nigeria has been unable to meet its gas supply obligation to its west african neighbors, while its plan to build the transsahara gas pipeline to europe is still pending. Developing the solid minerals sector quick wins for the. Benue, enugu, ondo, nasarrawa, plateau and zamfara are the states of coal discovery in nigeria. The nigerian mining sector is a formidable one with a very bright prospect,but needs government intervention in the area of infrastructure and. Before the oil boom, nigerias economy was largely sustained by agriculture and exploration of solid minerals.
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