Nigeria’s mining cadastre system as gateway for $60b investments
Nigeria’s solid minerals industry is believed to have the capacity to generate yearly revenue of $60 billion if properly harnessed. To achieve this, investors need to have an idea of how the cadastre system works, considering the country’s reputation as it relates to regulation.
De-risking Nigeria’s solid minerals sector for foreign investments
Stakeholders familiar with activities in the solid minerals industry note that the sector is capable of generating a yearly revenue of $60 billion if properly harnessed.
‘Solid minerals do not belong to host states’
Olamilekan Adegbite is Nigeria’s Minister of Solid Minerals and Steel Development. At an interactive session with journalists in Lagos, he spoke about resistance by state governments to contribute revenues
Nigeria moving away from oil dependence - Osinbajo
Vice President Yemi Osinbajo says Nigeria is in the process of moving its economy away from dependence on oil. Laolu Akande, Osinbajo’s spokesman, in a statement, said that the vice president stated this while receiving a delegation from Nicaragua on Tuesday at the Presidential Villa, Abuja.
‘At 0.29% of total trade, solid minerals sector still at level of potential’
With trade in solid minerals hovering at N25.3billion in fourth quarter (Q4), 2018 representing 0.29% of total trade, stakeholders in the sector have asked for the implementation of policies that will encourage investors as well as value-addition. According to them sector has been static for some time, as government and operators in the industry do…
We have delivered on our electoral promises – Buhari
President Muhammdu Buhari says his administration has delivered on the three electoral promises made to Nigerians in 2015 which are, providing security, improving the economy and fighting corruption. The President stated this on Monday while addressing his teeming supporters at the Kwara All Progressive Congress (APC) Presidential Rally held in Ilorin. “Before you gave us…
Operators now leveraging cost-effective, sustainable oil production approach
James Shindi is the Chief Executive of Brevity Anderson, organisers of the annual Nigeria Petroleum International Summit (NIPS). In an interview with the Head of Energy & Solid Minerals Desk, STANLEY OPARA, he speaks on the fate of the oil/gas industry in the current election year, the PIGB and NIPS. Excerpts; Giving the fact that…
Umahi suspends solid minerals development commissioner
Gov. David Umahi on Thursday suspended the state Commissioner for Solid Minerals Development, Chief Francis Orji, indefinitely for gross misconduct. Sen. Emmanuel Onwe, the state Commissioner for Information and State Orientation, disclosed this to newsmen during a joint press briefing with other state Executive Council (EXCO) members. Onwe said that Orji committed acts embarrassing to…
Nigeria earns N271.77bn from solid minerals in eight years
Nigeria earned a total of N271.77 billion from 2007 to 2015, according to the latest data from the Nigeria Extractive Industries Transparency Initiative (NEITI).