mining nigeria reform

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Nigeria hopes gold mining reforms can bring in $500 …

Nigeria hopes changes it has made to gold mining regulation will earn the government $500 million a year in royalties and taxes and create 250,000 jobs, President Muhammadu Buhari said on Thursday.

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Nigeria secures US support for mining project funding

The Federal Government of Nigeria, represented by the Minister of Solid Minerals Development, Mr. Dele Alake, and the United States, through Assistant Secretary for Energy and Natural Resources Geoffrey Pratt, have initiated discussions on financing mining projects in Nigeria.

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De-risking Mining Business In Nigeria Through Fiscal …

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. This is abysmally low given the variety and reserves of precious minerals that the country is endowed with. ... Refining Nigeria's Oil Sector: Legal Reforms And The Path To …

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Nigerian Mining – Progress, but still a long way to go

Globally, the mining industry is experiencing a boom as there is an increase in the need of critical minerals and new mining technologies, the Nigerian Mining is not left out in this change, this document highlights the progress made and the steps to …

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What to Know About the Gemstones Found in Kaduna

Nigeria can attract mining giants and funding for mining development through the… Shittu Fowora; August 6, 2024; Environment and Sustainability; ... Reform or Bleed: Experts Demand Urgent Reforms in Mining Industry; People, Planet, Profit: Mining Nigeria's Future; MIREMCO, EFCC to Partner in Fight Against Illegal Mining; Featured …

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The Nigerian Mining Sector In 2023

The Federal Government, in a bid to attract investment, generate revenues and develop the local mining industry, has begun legal, regulatory, institutional, and …

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A Framework for Federal Mining Reform: Impact Planning, …

Mining reform should require jointly developed and funded impact plans before and during mining permitting. Community benefits agreements: Federal law must also assist communities with long-term ...

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Nigeria's mining sector reforms: A path to economic expansion

Recent mining sector reforms and the expected effects. The FGN, through the Ministry of Solid Minerals Development, has announced plans to review the rates of mining …

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Nigeria's mining sector reforms: A path to economic …

Introduction Mining operations in Nigeria hold significant potential for contributing to the country's economic development if properly harnessed. 1 The Federal Government of Nigeria ("FGN") is making positive strides towards the growth of the mining sector, which could ultimately boost mining operations in the country. Recently, the Honorable …

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Nigeria Economic Update: Resilience through Reforms

The Nigeria Development Update Resilience through Reforms states that reforms implemented by the Nigerian government were critical and timely to alleviate the impact of the recession on the economy and to create additional fiscal space. Reform slippages would threaten the pace of recovery and limit the government's ability to …

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EXTRACTIVES HUB POLICY BRIEF FOR NIGERIA Reforms …

(Nigerian Mining Sector Road Map, 2016). 1.2 Nigeria's Mining Sector In comparison with other countries with similar potential, Nigeria [s mining sector is still largely underdeveloped. This situation has risen despite the sectors promising performance a …

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Nigeria

The Nigerian government announced it will auction bitumen blocks in the four rich states of Ondo, Ogun, Lagos, and Edo in the third quarter 2021, however this date was moved to 2022 and is pending. Despite these efforts, however, mining production in Nigeria decreased 10.6% as of September 2021 over the previous year.

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FG Announces Imminent Mining Reforms To Enhance …

The Minister of Solid Minerals, Dr. Oladele Alake. Nigeria's Minister of Solid Minerals Development, Dr. Oladele Alake has revealed plans for forthcoming reforms in the mining industry aimed at distinguishing genuine long-term, value-added investors from those merely exploiting raw minerals for quick gains.

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Nigeria: Reform Nigeria's Mining Sector

Nigeria: Reform Nigeria's Mining Sector. ... Ultimately, in our opinion, the path towards a responsible and sustainable mining sector in Nigeria is a multi-faceted endeavor that necessitates a whole-of-government, whole-of-society approach. It demands unwavering political will, robust legislative frameworks, strengthened institutions, and ...

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Nigerian Mining Sector Watch

The Nigerian mining sector has recently seen some pertinent developments, especially in the areas of technology and ... security, funding and reform initiatives, all directed towards the maximization of the Sector's benefits. The above suggestions should be considered for implementation as they are pivotal to restoring investor confidence

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NIGERIA'S MINING ACT

NIGERIA'S MINING ACT - A Case Study for Mining Reform Presented by ... •Follows global trends in mining sector reforms: Latin America (Chile, Argentina, Peru) and Africa (Ghana, Guinea, Mali, Burkina Faso, Botswana, Namibia, Tanzania) 5 . THE MINERALS & MINING ACT 2007 .

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Nigerian Mining Sector Brief

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. The erstwhile Ministry of Mines & Steel Development (MMSD) oversaw the mining sector in Nigeria, pre-2024.

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Nigeria: Reform Nigeria's Mining Sector

Nigeria: Reform Nigeria's Mining Sector. ... the path towards a responsible and sustainable mining sector in Nigeria is a multi-faceted endeavor that necessitates a whole-of-government, whole-of ...

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#AFNIS 2024: Sights and Sounds from Energy Investment …

During his speech, Dr. Dele Alake emphasised how Nigeria's extensive reforms have made the solid minerals industry a pillar of the country's economic diversification policy. The Minister stated that these consist of regulatory clarity, investor confidence, and transparency, all improved by policy reforms.

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Transforming Nigeria's Artisanal and Small-Scale Mining …

The Nigerian Mining Corporation, once a leading producer and exporter of solid minerals, saw a significant decline in production following the indigenization policy …

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THE LEGAL AND REGULATORY FRAMEWORK FOR …

revamp the current mining law in conformity with international best practices. This is a very important development as mining law reform is a fundamental pillar in the entire sector reform process. My objective in this paper is not to conduct a section-by-section review of the principal legislation on mining, the Minerals and Mining Act of 1999.

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EXTRACTIVES HUB POLICY BRIEF FOR NIGERIA Reforms …

• Nigeria can achieve this by focusing on using its mining assets to drive domestic industrialisation initially, and then migrate to winning in global markets; and • Nigeria …

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Nigeria to Launch Forensic Audit of Mining Sector

Nigeria is set to conduct a forensic audit of its mining sector to sanitise the industry and boost investor confidence, the Minister of Solid Minerals Development, Dr Dele Alake can confirm. Dr. Alake made this known during a meeting with Governor of Plateau State, Caleb Mutfwang.

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Nigerian Mining Sector Watch

The Nigerian mining sector has recently seen some pertinent developments, especially in the areas of technology and compliance. The Sector has continued to prove itself a …

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Nigerian Gold Mining Reform a Blueprint to Reducing Global Lead …

Nigerian Gold Mining Reform a Blueprint to Reducing Global Lead and Mercury Exposure . January 2015 (Washington) The Environmental Law Institute (ELI) has released a comprehensive assessment of Nigeria's artisanal and small-scale gold mining (ASGM) sector, designed to improve long-term health and environmental outcomes. ...

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Nigeria is betting on local value addition to boost lithium mining

The reform of Nigeria's solid minerals sector is long overdue. A distressing pattern has emerged over the years where companies exploit solid mineral resources in the country without contributing to the development of the local economy. ... The development of a lithium mining industry in Nigeria would lead to job creation and increased ...

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Biden-Harris Administration Report Outlines Reforms …

In its report, the IWG concluded that fundamental reform of the Mining Law of 1872 – the 151-year-old law that still governs access to mineral resources on hundreds of millions of acres of public land in the United States – is necessary to achieve the best outcomes for communities and Tribes impacted by mining, America's clean energy and ...

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Nigerian Mining Sector Brief

The report examines the history, policy, and performance of the Nigerian mining sector, which is endowed with vast reserves of natural resources but faces low contribution to …

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Nigeria's Mining: Prospects, Challenges and Opportunities

Comprehensive policy reforms are vital for Nigeria to leverage its mineral endowments. The government must streamline regulations, offer transparent guidelines, …

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What to Know About the Gemstones Found in Bauchi

Nigeria has emphasised the importance of value addition in the mining sector as a critical driver for rapid socio-economic development and industrialisation, aiming to unlock economic prosperity for both the country and the African continent.

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Mining reforms to bring more power to state authorities in …

The new act should therefore see some of the powers of the Nigeria Mining Cadastre Office devolved to the state level. This, advocates argue, will give the local authorities …

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Niger Niger's mining code may finally be reformed

After many long months of discussion over reforming Niger's mining code, established in 2006, there may be a light at the end of the tunnel. - 11/29/2021 ... Nigeria Fertiliser giants Indorama and Dangote in ... move on to Parliament. The team in charge of the reform for mining minister Ousseini Hadizatou Yacouba stated the project was …

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Mining reforms in Nigeria to drive sector growth

The government estimates total revenue from the mining sector reached N2.9bn ($6.9m) in 2022, and is expected to increase by 25% to N3.6bn ($8.5m) the following year. This promising forecast is a reflection of the sector's resilience and its continued support from federal and state …

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Nigeria Mining Week

Hosted by Ministry of Solid Mineral Development of Nigeria, organised by Miners Association of Nigeria, in partnership with PwC Nigeria and VUKA Group, Nigeria Mining Week is the premier event dedicated to the mining sector, providing a platform for industry professionals, government officials, and key stakeholders to come together, share …

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Reform Nigeria's Mining Sector

Reform Nigeria's Mining Sector. by Editorial. ... the path towards a responsible and sustainable mining sector in Nigeria is a multi-faceted endeavor that necessitates a whole-of-government ...

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