Tag
SOLID MINERALS
Nigeria’s economy has long been dominated by oil, but our country is sitting on a wealth of untapped...
The Federal Government plans to explore deep seabed exploration and mining to tap into the vast resources of the blue economy and boost economic growth.
The federal government has placed a ban on mining activities in the Unguwar Magro Village, Niger State where 12 miners were murdered by bandits recently pending the completion of investigation.
The federal government has confirmed the death of three miners in Niger state in a new mine collapse. This is the second mine collapse in the month of June after similar incident earlier in the month.
Minister of Solid Mineral Development, Mr. Dele Alake, has said that the Federal Government requires around N70 billion to fund solid minerals exploration activities across the country.
Dele Alake, the Minister of Solid Minerals Development, has officially launched the inaugural group of Mining Marshals Corps, aimed at tackling the issue of unauthorized mining activities.
In Q4 of 2023, Nigeria shifted back into net importer status, primarily attributed to a substantial acquisition of tanks and armoured vehicles in October, valued at N5.06 trillion.
The Federal Government, through the Ministry of Solid Minerals Development, has approved about 499 licences for the buying and selling of solid minerals in Nigeria in 2023.
Zaccheaus Adedeji has revealed that a calculated investment in the solid minerals sector can significantly boost the Nigerian economy and contribute to GDP growth.
NEITI has disclosed that the sum of N79.9 billion was earned by Nigeria from the solid minerals sector in 2019.
The solid minerals sector has significantly underperformed with a meagre contribution of less than 1% to the nation’s GDP over the years.
The Federal Government of Nigeria needs to build and implement a robust regulatory framework for the mining sector.