nigerian government involvement in mining

  • the legal and regulatory framework for mining in nigeria

    The Mineral and Mining Act vests "the entire property in and control of all the minerals in, or upon the any land in Nigeria, in the Government of the Federation"5 . This is affirmed by the 1999 Constitution. 6 . This puts Government in a frontal role in mineral development through the Federal Ministry of Solid Minerals 

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  • Africa in the news: South Africa's 2018 budget, Tanzania's new

    Feb 23, 2018 Africa in the news: South Africa's 2018 budget, Tanzania's new mining regulations, and Nigeria's electricity loan. Mariama Sow Friday, February 23, The increase in the VAT is expected to raise an additional 2 billion dollars in revenue for the government in 2018. The opposition reacted strongly to the 

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  • Nigerian govt accuses two mining firms of taking N100 billion worth

    Sep 3, 2017 The federal government has declared that two firms allegedly involved in illegal mining may have taken out minerals worth over N100 billion. Yinka Oyebode, an aide to the Minister of Mines and Steel Development, Kayode Fayemi, quoted the minister as saying this in a recent meeting with staff of his 

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  • Nigerian mining earmarked for growth, but GDP contribution in last

    Mar 4, 2016 He further suggested the revamping of efforts and linking of interventions to develop the mining sector through such initiatives as the SMDF, in addition to renewed involvement by government in developing Nigeria's mining sector. "I will seek the commitment of my office on the development of the mining 

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  • Petroleum industry in Nigeria Wikipedia

    Nationalization of the oil sector was also precipitated by Nigeria's desire to join OPEC, which was encouraging member states to acquire 51% stakes and become increasingly involved in the oil sector. Although the Nigerian government had maintained involvement in the industry prior to 1971, this was accomplished mainly 

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  • Nigeria The Mining Law Review Edition 5 The Law Reviews

    Some of the recent developments in the mining sector include the establishment of the proposed Mining Intervention Fund (MIF) by the Ministry in This is in addition to the already existing memorandum of understanding entered into between the federal government of Nigeria and a consortium of Chinese and Nigerian 

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  • the legal and regulatory framework for mining in nigeria

    The Mineral and Mining Act vests "the entire property in and control of all the minerals in, or upon the any land in Nigeria, in the Government of the Federation"5 . This is affirmed by the 1999 Constitution. 6 . This puts Government in a frontal role in mineral development through the Federal Ministry of Solid Minerals 

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  • An update on the Nigerian mining sector Mayer Brown

    the importance of the Nigerian government continuing to pursue economic diversifiion. In previous publiions we have explored some of the main obstacles to the Nigerian mining sector achieving its full potential, including with regards to power, significant costs and risks that can be involved in mining exploration 

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  • Boosting Nigeria's Mining Industry – Ministry of Mines and Steel

    Apr 5, 2017 With some pragmatic steps taken so far by the Ministry of Mines and Steel Development, the federal government has demonstrated its commitment to the a better understanding beyond the routine office paper work by interacting with the stakeholders as well as institutions involved in mining in the country.

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  • New roadmap to increase investment in Nigeria's mining industry

    Oct 31, 2016 The Nigerian government is targeting $5bn in mining investments over the next 10 years under a new industry roadmap, as part of a broader drive to way to make more funds available for investors, with the Federal Executive Council approving a N30m ($98,522) mining intervention fund in midOctober.

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  • FG accuses 2 mining firms of taking N100bn worth of minerals out of

    Sep 3, 2017 ABUJA – The Federal Government has declared that two firms allegedly involved in illegal mining may have taken out minerals worth over N100 billion. two alleged illegal mining companies, Solid Unit Limited and Geotess Nigeria Limited, that were shut down in Zurak, Wase Local Government Area of 

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  • Mining Investment Nigeria 16 18 April 2018, Lagos

    Mining Investment Nigeria is a strategic mining conference and exhibition for the leaders of the mining, quarrying and construction materials industries.

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  • NIGERIA : Buhari's tactics to push oil firms into mining

    Jan 30, 2018 As its counts on raising nearly $600 million to finance mining exploration and the institutions needed to frame the sector with one hand, Nigerian president Muhammadu Buhari's government intends to get local oil operators involved in mines with the other. After three years of depressed oil prices, this could 

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  • Nigeria analyses gaps in the mining sector UNDP in Nigeria

    Jul 11, 2017 United Nations Development Programme in collaboration with the Ministry of Mines and Steel Development organised a one day validation meeting of the African The Government of Nigeria is putting in measures that will create an enabling environment for full involvement of the private sector in the 

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  • FG accuses 2 mining firms of taking N100bn worth of minerals out of

    Sep 3, 2017 ABUJA – The Federal Government has declared that two firms allegedly involved in illegal mining may have taken out minerals worth over N100 billion. two alleged illegal mining companies, Solid Unit Limited and Geotess Nigeria Limited, that were shut down in Zurak, Wase Local Government Area of 

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  • Third Edition, February 2017 KPMG in Nigeria kpmg.com/ng

    All rights reserved. Printed in Nigeria. Nigerian Mining Sector Brief 1. Third Edition, February 2017. KPMG in Nigeria kpmg.com/ng. Nigerian. Mining. Sector. Brief . intervention fund to open up the sector to multinational companies. The fund will be .. government authorities to maximize the positive role the mining sector 

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  • An Empirical Analysis of the Contribution of Mining Sector to

    contribution of mining to the national Gross Domestic Product (GDP) has been declining and was about 0.5% in 2009. This has led Nigerian economy to become a mono product economy and hence vulnerable to international oil politics and its repercussions. The domineering role of oil did not allow past governments to.

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  • market intelligence report Nigeria Mining Week

    Despite signs of recession and low global commodity prices, the Nigerian mining industry has certainly witnessed some phenomenal developments within the past 10 months, but a lot of progress still needs to be made to develop the sector, and bring about the required grass roots impact for a country in dire need of.

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  • Fresh Awakening for the Mining Sector – Ministry of Mines and Steel

    Nov 4, 2016 The minister recently declared that the federal government would understudy the Australian mining sector in a bid to reposition Nigeria's solid Nigeria Mining Week in Abuja, which drew participation from within and outside Nigeria, including representatives of frontline mining nations in Africa and beyond 

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  • Fresh Awakening for the Mining Sector – Ministry of Mines and Steel

    Nov 4, 2016 The minister recently declared that the federal government would understudy the Australian mining sector in a bid to reposition Nigeria's solid Nigeria Mining Week in Abuja, which drew participation from within and outside Nigeria, including representatives of frontline mining nations in Africa and beyond 

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