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Mining industry of Nigeria

Mining regulation is handled by the Ministry of Solid Minerals Development, which oversees the management of all mineral resources. Mining law is codified in the Federal Minerals and Mining Act of 1999. Historically, Nigeria's mining industry was monopolized by state-owned public corporations.

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Economy of Nigeria

In 2014, Nigeria changed its economic analysis to account for rapidly growing contributors to its GDP, such as telecommunications, banking, and its film industry. In 2005, Nigeria achieved a milestone agreement with the Paris Club of lending nations to eliminate all of its bilateral external debt.

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COMPONENTS OF NIGERIAN MINING INDUSTRY

Interested in knowing what the components of Nigerian mining industry are? Nigeria is well blessed with a lot of minerals which if exploited judiciously will lead the country into an abundance of wealth. A lot of solid minerals such as precious and base minerals, industrial minerals, energy minerals, and metals can be found here. In []

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