Nigeria Discovers 44 Economically Viable Solid Mineral …
Last updated Dec 14, 2023. Nigeria's Minister of Solid Minerals, Mr Dele Alake, says his ministry has discovered about forty-four (44) economically viable solid mineral deposits …
Solid Minerals: Nigeria must do more to diversify
ARISE News Channel goes live in South Africa, Angola, Botswana, 7 others NNPC Ltd, First E&P achieve 20,000bpd production at OML 85 ... said the establishment of the Nigerian Solid Mineral Development Corporation would go a long way towards maximizing efforts on the existence of solid minerals across the country. ... November …
Ministry of Solid Minerals Development – On the Road to …
For enquiries and suggestions, Please contact us. Call on. +2348033111888. Mail at. [email protected]. Office Hours. 8am to 4pm. 44+. There are at least 44 Mineral …
Nigeria chairs African mining ministers group
6th February, 2024. Nigeria broke new grounds in the global mining industry on Monday, clinching the chair of the newest mining pressure group, the Africa Minerals Strategy Group. Nigeria's Minister of Solid Minerals Development, Dr. Dele Alake was unanimously elected the pioneer chairman of the group. Speaking at the signing of the ...
Solid Minerals and Mining Incentives in Nigeria
The holder of a mining lease shall be entitled to: i) Depreciation or capital allowance of 75% of the certified true capital expenditure incurred in the year of investment and 50% in subsequent years. ii) Investment allowance of 5%. iii) Exemption from payment of customs & import duties.
Nigeria Mining Week | Mining | VUKA Group
Nigeria Mining Week 2023 connected, inspired and created influencers in the African mining industry. The event brought together industry leaders, professionals and stakeholders from around West Africa. More than 53+ speakers shared their knowledge and 200+ Sponsors and exhibitors showcased the latest in mining innovation.
NATIONAL SECURITY AND THE NIGERIAN SOLID …
The solid mineral sector has been targeted by the Nigerian government to lead this agenda of economic diversification as the country has identified forty -four solid minerals minable in commercial quantity.3 However the scourge of illegal mining of these solid mineral is a clear and
Nigerians in Diaspora Investors, Crucial Partners For Solid Minerals
The Minister of Solid Minerals Development, Dr. Dele Alake has declared Nigerians in Diaspora investors as essential partners for unlocking the financing and technical capacity required to transform the mining sector. ... Tuesday, November 14, 2023 1:30 pm. ... leading Nigeria to descend from a producing nation to a consumer one …
Solid Minerals Development in Parts of Southwest Nigeria …
Solid Minerals Development in Parts of. Southwest Nigeria – in the Light of Recent. Reforms. Oyedokun O. Matthew 1* and Igonor E. Emmanuel. Department of Solid Minerals, Governor's Office ...
List of Solid Minerals in Nigeria and Where to Find Them
Bitumen is a dense, highly viscous, petroleum – based hydrocarbon that is found in deposits such as oil sands, or obtained as a residue in the distillation of crude oil. It is principally used in road construction. Cassiterite. Cassiterite is a tin …
Nigeria, Qatar sign agreements on education, solid minerals…
Nigeria, Qatar sign agreements on education, solid minerals, others. President Bola Tinubu yesterday in Doha said Nigerian youths were worth every investment as they are educated, reliable and ...
Mining sector to experience major leap in 2024
THE Minister of Solid Minerals Development, Dr Dele Alake, Monday, assured Nigerians and investors of a major leap of the solid minerals sector in 2024. Alake gave the assurance in a New Year ...
Nigeria, German firm sign MOU to boost solid minerals …
Nigeria and Germany have signed a Memorandum of Understanding on solid minerals exploration. 24.1 C. Abuja, NG. March 17, 2024. About Us; ... November 21, 2023. Every Woman. November 3, 2023. Every Woman. Every Woman. ... #RadioNigeriaHQ GeoScan news Nigeria solid minerals exploration. Featured. …
FG woos foreign mining investors with lower production cost
He quoted recent reports by audit firm KPMG, which reported that the contribution of mining to Nigeria's Gross Domestic Product (GDP) rose from 0.3 per cent to 0.85 per cent in 2022, indicating ...
'44 solid minerals untapped in Nigeria'
Mon, 21 Nov 2016 2:00:00 WAT. The President of Nigerian Society of Chemical Engineers (NSChE), Prof Emenike N. Wami, says there are 44 solid minerals spread across Nigeria which if harnessed can yield revenues for the country. Wami stated this while declaring the 46th Annual Conference/AGM of the society in Abuja, open at the weekend. "There ...
Nigeria to offer investors 75% stake in proposed solid minerals …
The government will hold no more than a 25% stake in the proposed Nigerian Solid Minerals Corp, leaving the rest to private investors and the public, Solid Minerals Minister Dele Alake said at a ...
Nigeria Exports $9.7m, Earns N69bn from Solid Minerals
Nigeria Exports $9.7m, Earns N69bn from Solid Minerals. November 20, 2017. The Nigeria Extractive Industry Transparency Initiative, NEITI, yesterday, said Nigeria earned N69.2 billion from the solid minerals sector in 2015, an increase of 24 per cent on the N55.8 billion earned from the sector in 2014.
Solid Minerals: A Resurrection Tool for Nigeria's Economy
The Honourable Minister of Solid Minerals Development, Dr. Oladele Alake has stated that the solid minerals Nigeria is endowed with in abundance will be a resurrection tool to revamp the nation's economy, just as he affirmed that the present administration is shifting attention from hydro-carbon.
Nigerian govt revokes 1,633 mining titles
"The mandatory 30 days expired on Nov. 10. Only 580 title holders responded by settling their indebtedness. "With this development, the MCO recommended the revocation of 1, 633 mineral titles as follows: Exploration Licence, 536; Quarry Licence, 279; Small Scale Mining Licence, 787 and Mining Lease, 31.
Solid minerals and climate change
The Debt Management Office (DMO) sold T-bills valued at ₦1.18 trillion across its auctions in December 2023, representing 11.9 per cent (₦126.06 billion) month …
Solid Minerals: Nigeria must do more to diversify economy
President of the Senate, Ahmad Lawan, has said Nigeria has a lot more to do if the country must succeed in diversifying its economy by ensuring the development of the solid minerals sector. Lawan made this known on Tuesday in his concluding remark after a bill seeking to establish the Nigerian Minerals Development Corporation scaled …
Economic diversification: Tinubu, Alake's pursuit of solid minerals
As has been rightly observed, since Dr. Dele Alake, came in as minister of Solid Mineral, giant leaps have been achieved and have activated strategic policy actions that focus on investment in the $20trillion worth of solid minerals resources embedded in Nigerian soil that if they are properly managed or harnessed can become the bench …
Solid Minerals in Nigeria – Mining Nigeria
Nigeria has the second largest deposit of bitumen in the world. Coal is over 1 trillion MT. Nigeria's most promising minerals resources are however, gold, iron ore, bitumen, lead, zinc, barite, limestone, coal, and tin. Table 1 : Mineral Distributions According to States in Nigeria. Plateau, Zamfara, Nassarawa, Kano, Yobe, Bauchi.
Mining
Energy. 'We need to de-risk mining sector for improved investment flow'. Nigeria. Dr. Dele Alake: Leading Africa's mineral Potential in solid minerals and mining. Nigeria. Play by …
2023 NMW: President Tinubu restates commitment to develop Solid …
Also the Minister of Solid Minerals Development, Dr Oladele Alake at the Mining Week event said that Nigeria was endowed with valuable solid minerals like Limestone, Gold, Baryte, Bitumen, Lead-Zinc, Coal, and Iron Ore, to mention but a few saying that this natural wealth indicates a significant reservoir poised for exploration and …
Why Solid Minerals Sector Is Under- Performing – NEITI
Despite the abundance of solid minerals in the country, the country realised only N33.86 billion from the sector in 2013. This figure is contained in the 2013 Solid Minerals, Oil and Gas Audit released by the Nigeria Extractive Industry Transparency Initiate, NEITI, in Abuja on Monday. Out of 619 companies that made …
Sectorial Review: Government initiatives aim to boost GDP in Solid …
President Muhammadu Buharis's administration tried to diversify the economy through the solid mineral sector. Photo: FRCN Archive. On assumption of office, the administration of President Bola Ahmed Tinubu identified the solid mineral sector as critical to the development process of the country and promised to unlock leakages that …
Address challenges in solid minerals to reduce oil …
While the policy to regulate the solid minerals sector in Nigeria has potential economic benefits, addressing the associated challenges will be crucial to realising its full potential and ensuring ...
Solid minerals in Nigeria: An overview
A mineral is a naturally occurring substance that is solid and inorganic, representable by a chemical formula, usually abiogenic and has an ordered atomic structure. The Nigerian Extractive Industry and Transparency Initiative, NEITI report suggests that there are over 30 different kinds of solid minerals and precious metals …
Solid minerals and climate change
The Debt Management Office (DMO) sold T-bills valued at ₦1.18 trillion across its auctions in December 2023, representing 11.9 per cent (₦126.06 billion) month-on-month (MoM) increase on the ...
Environmental and social issues of solid mineral …
Furthermore, some of the social issues associated with solid mineral development are. displacement of the local reside nts from mine areas, marginalisation, poverty and oppression – as a result ...