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The mining of minerals in Nigeria accounts for only 0.3% of its gross domestic product, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore. The rights to ownership of mineral resources is held by ...
The Mines and Steel Development Ministry is a Nigerian ministry established in 1985 to encourage development of the country's solid mineral resources. The Ministry formulates policy, provides information on mining potential and production, regulates operations and generates revenue for the government.
At the 2015 conference, all the stakeholders including the Nigerian government endorsed plans to develop the mining industry of Nigeria. [5] The 2017 conference grew to two days, featuring 25 speakers from the sector and 500 senior executives. [1]
Nigeria's coal industry suffered a blow in the 1950s when oil was discovered. Up until this point, the Nigerian Railway Corporation was the largest consumer of coal in the country. However, after the discovery of oil, the Railway Corporation began to replace its coal-burning trains with diesel-powered engines. An additional negative impact came ...
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The iron and steel industry in Nigeria started by government intervention through the construction of various steel rolling mills. After iron ore deposits were discovered in old Kwara State in the 1950s, the Nigerian First Republic government began active planning and mapping of strategies for local production of iron rods and steel.
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Nigerian Electricity Regulatory Commission (NERC) Nigerian Content Monitoring and Development Board (NCMDB) Nigerian National Petroleum Corporation (NNPC) Nigerian Nuclear Regulatory Authority (NNRA) Petroleum Product Pricing Regulatory Agency (PPPRA) Power Holding Company of Nigeria (PHCN) - defunct [1] Rural Electrification Agency (REA)