Nature of Nigeria Economy
Craft Industry– (i.e. Cottage industries) is an industry which involves in the metal and wood carving work and constructive activities where the needed materials are sourced locally and the use of simple tools; Mining Industry– is an industry which involves the extraction of raw-materials from the earth crust.
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THE LEGAL AND REGULATORY FRAMEWORK FOR …
revamp the current mining law in conformity with international best practices. This is a very important development as mining law reform is a fundamental pillar in the entire sector reform process. My objective in this paper is not to conduct a section-by-section review of the principal legislation on mining, the Minerals and Mining Act of 1999.
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Steel Rising: Harnessing Nigeria's Potential for Global …
By Edikan Udofia. February 29, 2024. 1 Abstract. Nigeria is endowed with more than 2 billion metric tons of iron ore reserves and is striving to position itself as a key player in the worldwide steel sector.Despite encountering challenges in the past regarding enhancing its steel manufacturing capabilities, Nigeria is currently well-placed to harness its abundant mineral …
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OVERVIEW OF THE NIGERIAN MINING SECTOR: …
According to an estimate by the committee put together to develop a roadmap for the sustainable development of the mining and metals sector in Nigeria, the minerals and …
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(PDF) Natural Gas Flaring in Nigeria, its Effects and Potential
This paper focuses on gas flaring; its definition, composition, types and classifications. It also highlights the policies that have been made in Nigeria concerning gas flaring and provides ...
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Legal Framework Of Mining In Nigeria: An Overview
By PINHEIRO LP INTRODUCTION "Section 2 of the Explosives Regulations, Cap. 117, Laws of the Federation of Nigeria, 1990 defines explosives…The same section defines mining as having the meaning assigned to it in the Minerals Act, and shall include the use of explosives in works authorized under the Petroleum Act. Although there is no definition […]
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THE LEGAL AND REGULATORY FRAMEWORKK FOR …
The Fraser institute of Canada in its survey of leading mining companies on the mining investment attractiveness for African countries ranks Nigeria third from the bottom (see Figure 1 below). Additionally, the World Bank in its forecast for mining investments for the years 2000 – 2020 does not forecast any major mining investment
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THE NIGERIAN MINING SECTOR: AN OVERVIEW
This paper will also consider the legal and regulatory framework of the Nigerian mining industry, its financial considerations and incentives as against its counterpart countries. ... narrative with a prescribed meaning but a resource for future meaning-making by others. ... role and to act as a catalyst in the development of the mining ...
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Mineral extraction and governance in the Nigerian Mining Industry…
The concept of sustainable development demands that economic ventures be both viable and environmentally sustainable. As a result of the self-seeking ethos of market economies, it is often necessary for the law to step in to moderate the profitoriented tendencies of commercial interest. ... 'New Roadmap for Nigeria's Mining Industry (2018 ...
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Advancing toward sustainability: The emergence of green mining …
Drilling. Drilling is one of the initial phases in open pit mining, involving the use of diesel-powered drill rigs and generators. The combustion of diesel fuel in these rigs results in the emission of CO 2, methane (CH 4), and nitrous oxide (N 2 O). Although CO 2 is the primary emission, CH 4 and N 2 O have significantly higher global warming potentials despite being …
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MINIG AND QUARRYING
mining; mining of clay for the ceramic or refractory industries for drilling and/or as a filter medium; operations of sand or gravel pits. (vi) mining of chemical and fertilizer minerals, extraction of salt and other mining and quarrying not classified elsewhere. Consequently, what is hereby classified as division 14 consists of 4
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(PDF) Dynamics and Impacts of Sand Mining in the Watari
2.1.1 The Concept of Sand ... 2.5.5 Sand Mining in Nigeria ... The sand mining industry provides basic raw materials that touch upon many aspects of our daily lives.
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OVERVIEW OF THE NIGERIAN MINING SECTOR: …
Diversification is an important element of economic growth. According to an estimate by the committee put together to develop a roadmap for the sustainable development of the mining and metals sector in Nigeria, the minerals and mining sector could generate more than US$25 billion by 2025 which makes up 3 percent of our GDP.
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MINING COMPONENTS OF THE NIGERIAN MINING …
The two main methods of mining are surface mining and underground mining. Surface mining: Surface mining is used to obtain minerals that are removed by blasting. It includes open pit …
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Corporate social responsibility in the South African …
Corporate Social Responsibility Imperatives for the Mining Industry The notion of Corporate Social Responsibility (CSR) has gained some significance as a discourse and business practice in a globalized economy. As Hooge (2010) illustrates, the concept of CSR in mining has garnered significant attention in the last decade or so, more so in ...
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Mineral Mining Licensing in Nigeria: Legal Framework and …
This work seeks to highlight the regulatory framework of the Nigeria Mining industry and the challenges of mining operations in Nigeria with a view to proffering solutions. Discover the world's ...
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Nigerian Mining Sector Brief
Nigerian's mining value chain can be categorized according to the key activities in the sector - exploration and mining (upstream), processing and beneficiation (mid-stream), and marketing …
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(PDF) LEGAL ANALYSIS OF NIGERIA'S MINING …
The development of Nigeria's mining sector has been slow despite its huge potentials. To reinvigorate the seemingly comatose sector, successive administrations have taken initiatives aimed at ...
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Nigerian Mining Sector Brief
Nigeria is endowed with vast reserves of natural resources such as energy minerals like coal and lithium, metallic minerals like gold and lead-zinc and industrial minerals like limestone and barite. The country was a major exporter of tin, columbite and coal in the 1960s to early 1970s. ... (Roadmap for the Growth and Development of the ...
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THE NIGERIAN MINING SECTOR: AN OVERVIEW
Nigeria is one of the most endowed countries in the World when it comes to its rich mineral resources, but unfortunately has one of the most underdeveloped Mining Industries in the world due to its lazy resort to make easy money off the …
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Mining Industry
Typical activities in the mining industry include metals production, metals investing, and metals trading. Types of Mining Industry Assets. Mining assets can be divided into two main categories: projects and operating mines. 1. Projects. Projects in the mining industry can be broken down into the exploration and feasibility stage, and the ...
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Managing the challenges of obtaining a social license to …
The mining industry has been aiming to improve its overall sustainability and show its contribution and relevance to sustainable development. Embracing sustainable development helps companies maintain a social licence to operate, because the company is perceived to be behaving in a socially, culturally and/or environmentally responsible manner ...
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Nigeria's Mining and Metal Sector
Government attempted to liberalise the mining sector by introducing the new Minerals Act, created a basic framework to grow the sector. Nigeria today exports a range of minerals into global …
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Urbanization in Nigeria, Enugu (the coal city) as an urban …
er (1958) on his part formulated two concepts of urban-one economic, and the other, political or administrative. His economic concept of urban town seems to agree with Hudson's definition of the term. ... (Enugu State, Nigeria) Urban Growth and Development," did an impressive survey of the growth and pattern of development of the area in a ...
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Mining in Nigeria: Challenges, opportunities, and prospects
Mining in Nigeria has the potential to significantly contribute to the country's economic development. However, it faces numerous challenges and obstacles that have hindered its growth and potential. This analysis will delve into the current state of the mining industry in Nigeria, its challenges, opportunities, and prospects.
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Petroleum Industry Act, 2021 (PIA) And its Impacts on
Petroleum Industry Act, 2021 (PIA) And its Impacts on Environmental Sustainability in Nigeria. By ATER, Solomon Vendaga. Abstract. The enactment of the Petroleum Industry Act (PIA) in 2021 marked a pivotal moment in Nigeria's oil and gas (O&G) sector, culminating in a decade-long effort to address institutional challenges and conflicting interests.
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Corporate social responsibility and economic growth in the mining industry
Mining companies have been a pivotal sector, having a prominent impact on social welfare (Esteves, 2008; Parker and Cox, 2020), economic improvement (Sagebien et al., 2008), and environmental management (Ruokonen, 2019) in Australia, Southern Africa, Canada, and Finland, respectively.The term "social license," which was originally used to describe the …
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Mining Resource Corridor development in Nigeria: critical
As a result, Nigeria is seeking to explore other economic potentials, such as developing a Mining Resource Corridor (MRC) to reduce poverty and assist the country's sustained growth and development.
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Nigeria's Top 10 Successful Mining and Iron ore Projects
Nigeria, a country well-known for its reserves of gas and oil, has advanced significantly in the mining industry recently. Numerous mineral resources, such as coal, zinc, iron ore limestone, gold, and tin, are found in the nation and have drawn both domestic and foreign investment.The top ten mining projects in Nigeria that have been crucial to the nation's efforts …
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Mining and Mining Industry in Nigeria: An Overview
Learn about the mining industry in Nigeria, including its history, current state, challenges, and opportunities for growth and development.
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