The Nigerian Mining Cadastre Office (NMCO) is set to launch its Electronic Mining Cadastre System (eMC+ or "the System") to facilitate end-to-end real time, online mineral titles administration, from application to submission, to fees payment and issuance of certificates. ... funding and reform initiatives, all directed towards the maximization ...
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The delegation, led by Innes-Brown, who serves as the First Assistant Secretary, Middle East and Africa Division, Australian Department of Foreign Affairs and Trade, visited Nigeria to strengthen the long-standing ties between both nations.. Speaking at the fourth edition of the Nigerian-Australian Bilateral Consultation, Janet Olisa, Director of Regions at Nigeria's …
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In 2019 the government made the decision to revise the Nigeria Minerals and Mining Act (NMMA), the law that has governed the sector since it came into force in 2007. However, as a result of the disruption caused by the Covid-19 pandemic, as well as other international and domestic challenges, the passage of the revised ... Mining reforms in ...
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President Bola Ahmed Tinubu has reaffirmed his commitment to transforming Nigeria's mining industry into a cornerstone of economic growth and sustainable development. …
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MISSION: To exploit the nation's mineral endowments in an environmentally sustainable manner and establish a vibrant minerals and metals industry for wealth creation, poverty reduction, promotion of economic growth and significant contribution to the GDP of Nigeria.
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The Minister of Solid Minerals Development, Dr. Dele Alake has stated that the ongoing reforms under the current administration are set to position Nigeria as a global mining …
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But until firms adopt sustainable mining practices, they will keep having a detrimental impact on the environment and society. Thankfully, a few mining sector participants are starting to take action against the detrimental impacts of years of careless extraction methods. Professionals and people from both inside and outside the industry are among the …
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Looking ahead to 2025, the minister outlined ambitious reforms aimed at positioning Nigeria as a globally competitive mining destination.
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The main legislation controlling Nigeria's mining industry is the Minerals and Mining Act (2007). In Nigeria, the law governs every facet of the exploration and extraction of solid minerals. ... Nasarawa Calls for Reform of Community Consent Forms in Mining Licences. February 21, 2025; Recent Stories. GoviEx Shares Surge After Signing ...
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With greater government support and a growing role as a generator of export earnings, Nigeria's mining sector is poised to maximise its considerable potential in precious metals and gems. Total revenue from the sector is expected to rise by 25% to N3.6bn ($8.5m) in 2023, reflecting its resilience, as well as continued federal and state
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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 more of a …
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Nigeria's mining sector is entering a new phase following the Covid-19 pandemic, with greater government support and a growing role as an important generator of export earnings amid …
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Nigeria's efforts to transform the mining sector through the various reforms initiated by the President Bola Ahmed Tinubu administration is attracting global support, licenced miners, expatriates, and diplomats interested in investing in Nigeria have said. They said deliberate efforts by those in charge of the mining sector have drawn interests…
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In his remarks, the Minister of Solid Minerals Development, Dr Dele Alake, underscored Nigeria's comprehensive reforms that have transformed the solid minerals sector into a cornerstone of the nation's economic diversification strategy. These reforms include: Policy Reforms: Enhancing transparency, regulatory clarity, and investor confidence.
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Key changes include a fee of N3 million for Mining Lease license applications and N300,000 for Small Scale Mining Lease (SSML) applicants per cadastral unit. Exploration Licences (EL) now cost N600,000 for the first 100 cadastral units, while Quarry leases and reconnaissance permits are set at N300,000 each.
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During the pre-30th Nigerian Economic Summit (#NES30) webinar, experts highlighted that despite ongoing federal efforts since 2005 to revitalise the mining industry—through the modernisation of policies, laws, …
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The Nigerian Senate has vowed to eliminate illegal mining activities that have been depriving the federal government of significant revenue and contributing to food and physical insecurity across ...
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Dangote Cement, one of the largest cement producers in the world, has a significant presence in Nigeria's limestone mining industry. The company's limestone mining operations are a crucial component of its cement production process, providing the essential raw material for manufacturing cement.
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Over the past two years, Nigeria has implemented key policies and reforms to revitalize its mining industry, attract investment and strengthen the sector's contribution to …
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Akinyemi accused another allegedly illegal mining company of trespassing on the legally designated mining site without the approval of the rightful landowners. He questioned the legitimacy of the company's mining licence, arguing that its activities violate Nigeria's Minerals and Mining Act, 2007 (as amended in 2023), as well as the ...
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Nigeria's efforts to transform the mining sector through the reforms of the Tinubu Administration are attracting significant global support and international collaboration, with more requests ...
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…Bills Now Have National Dimension, Says Ningi The Senate has stated that the proposed Tax Reform Bills will play a crucial role in helping Nigeria achieve the $1 trillion economy goal set by President Bola Ahmed Tinubu's administration. Chairman of the Senate Committee on Finance, Senator Sani Musa, made this known on Tuesday while addressing […]
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The Federal Government, on Wednesday, highlighted ongoing efforts to transform the mining sector through innovative reforms aimed at increasing transparency, attracting investments, and enhancing ...
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African Mining Week 2025 will highlight emerging opportunities in Nigeria's mining sector, connecting local projects with global investors to drive industry expansion on the back of industry reforms.
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Nigeria's mining sector issued 7,000 licenses but has less than 1,000 active mines—an 85% underutilization rate. Despite generating ₦38 billion in 2024, budget cuts have …
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Delivering the keynote address at the opening of the 2024 Nigeria Mining Week, themed "From Inside Out: Building the Mining Sector to be the Cornerstone of Nigeria's Economy," Dr. Alake emphasized that the government's efforts to sanitize the sector, foster diplomatic relations, and promote investment are positioning Nigeria as a ...
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Nigeria's push to revamp its mining sector is generating heightened interest from global investors as President Bola Tinubu's administration drives reforms to unlock an estimated $700 billion ...
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Nigeria is rapidly emerging as a source of lithium, but illegal mining is rampant in regions like Kakanfu, facilitated by compromised officials and local leaders. Despite government efforts to clamp down on these practices, weak enforcement and community complicity hinder progress, leading to lost revenues and environmental damage. The situation underscores the …
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In an interview with Voice of Nigeria, Professor Suleiman Bolaji, CEO of NIMG, shared insights on how the institute is shaping the future of mining activities in Nigeria.He also revealed that the institute has received approval to award degrees. "Recently, we have been given approval to run ND programs," Professor Bolaji stated.
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One of WiM-Africa's notable milestones this year was its support for Comfort Ezekiel, a young from Kogi State, Nigeria, who lost her arm in a mining accident. By fully funding her education, WiM-Africa provided her with a lifeline to rebuild her future, demonstrating its commitment to transforming lives in mining-affected communities ...
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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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Comprehensive policy reforms are vital for Nigeria to leverage its mineral endowments. The government must streamline regulations, offer transparent guidelines, and resolve land tenure issues. Prioritizing …
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The National Iron Ore Mining Company (NIOMCO) was founded in 1979. Mining and processing iron ore for export and home consumption is its main duty. NIOMCO, based in Itakpe, Kogi State, is an important part of Nigeria's industrial economy.
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As part of the ongoing reforms in the Nigerian mining sector, the Ministry of Solid Minerals Development ("MSMD"), on behalf of the Federal Government of Nigeria, has announced new rates for the mining sector in a press release on 4 July 2024.The objective behind this development, as stated by the Minister, is to improve the ease of doing business, …
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The Nigerian Tax Reform Bills: A Legislative Overhaul. In October 2024, President Bola Ahmed Tinubu proposed the (i) Nigeria Tax Bill, (ii) Nigeria Revenue Service ... A Clearer Taxation Regime for Solid Minerals and Other Mining Activities. With mining activities contributing significantly to revenue, we expect new incentives for local ...
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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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