How state governments impede mining operations
Nigeria is gifted with large quantities of solid minerals across virtually every state of the federation. Like oil and gas, solid minerals are essential to the country’s development due to their manifold utility. Thus, state governments have a vital role to play if governance in the mining sector will improve and subsequently have a positive…
Addressing environmental impact of mining on host communities
As Nigeria focuses more on the Solid Minerals sector for economic growth and diversification, the need to ensure that all protocols guiding the exploitation of the natural resources are observed is paramount. Experts warned that pursuing economic growth through the minerals sector without paying adequate attention to the environment is most likely to become…
Nigeria earns N400b from solid minerals in 12 years
Despite being blessed with a lot of solid minerals, the sector has only contributed N400 billion to the Nigerian economy in 12 years.
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.
Federal Government targets N20 billion from solid minerals
Due to dwindling revenue, the Federal Government says it would put in place necessary measures and strategies, aimed at generating up to N20 billion from mining activities by the end of this year.
‘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…