Making Nigeria a Mining Destination

Nigeria is no doubt very rich in mineral resources, which have been largely untapped because of barriers to investment. While the federal government believes it is on course to transform the country into a mining destination, Kingsley Nwezeh looks at suggestions by the Nigeria Extractive Industry Transparency Initiative (NEITI), in its latest report, on ways …

MMSD and Other MDAs rake in N11.5b into Consolidated Revenue Fund

About N11.59 billion was remitted as independent revenue into the Consolidated Revenue Fund in 2017, a report by the Fiscal Responsibility Commission has said. The 2017 Annual Reports and Audited Accounts of the organisation made available to the News Agency of Nigeria on Wednesday in Abuja, said 21 Ministries, Departments and Agencies of the Federal …

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Solid minerals: Revisiting a neglected gold mine

The solid minerals sector has been a long neglected one but the new drive towards diversification has rekindled interest in the sector, Anna Okon writes The commercial value of Nigeria’s solid minerals has been estimated to run into hundreds of trillions of dollars. It is also estimated that Nigeria could earn $40bn annually from gold …

REVEALED: After 10-year lull, mining revenue up by 500%

After a decade long period of lacklustre performance, the mining sector is finally “going for gold” as its revenue profile increased by an unprecedented 500% in 2017 — under the leadership of Kayode Fayemi as minister of mines and steel development.  This is according to the latest occasional paper series released by the Nigeria Extractive …

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FG targets solid minerals to boost economy

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, (NEITI), Mr. Waziri Adio, says the solid mineral sector, though not being tapped to its fullest, has the potential to grow Nigeria’s economy, create jobs and address a number of social issues. Adio made this known at the launch of a report designed to enhance …

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MMSD to Partner with Thai Gems Stone Producers

Minister of State, Mines and Steel Development Ministry, Hon. Abubakar Bawa Bwari, has expressed the Ministry’s readiness to collaborate with the Thai Gems Stone producers to organize the 3rd edition of African Gems & Jewelry Exhibition and Seminar (AGJES) which is expected to take place in August, 2019 for the growth of the sector and …

PS Visits Portal Project Sites

The Permanent Secretary of Mines and Steel Development Ministry, Barr. Georgina Ekeoma Ehuriah, MON, has on Tuesday (29th of January 2019) embarked on a facility tour of the Integrated Automated and Interactive Solid Mineral Portal (IAISMP) project of the Ministry, to ascertain the progress that has been made in fast-tracking the completion of the ongoing …

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Rethinking mining strategies among the top-10 global trends to shape 2019

2019 could go down in history as the year mining companies stopped anchoring their strategic planning around producing the highest volumes of ore at the lowest possible cost, and understood that focusing on the composition of their portfolios to offer a unique investment opportunity was the key to success, a study published Tuesday shows. Deloitte’s “Tracking …

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FG sets plans for self sufficiency in construction, industrial mineral resources

The Ministry of Mines and Steel Development (MMSD) has facilitated the development of industrial minerals roadmap aimed at self sufficiency in construction materials and industrial raw materials in the country. The minister of state for mines and steel development, Hon. Bawa Bwari said three strategic pathways were identified to guide the implementation of the roadmap …

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Mining sector’s contribution to GDP will increase in 2019 – Minister

The Minister of State, Ministry of Mines and Steel Development, Abubakar Bawa Bwari, has said the ministry is set to increase the sector’s contribution to the national GDP from 0.3% to 3% in 2019 and 10% to 15% by 2025 The minister stated this in his speech to the 4th international conference and exhibition tagged …

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