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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.
It was established by the recommendations of workshops on industrials matters in 1987 by the Decree 39 (RMRDC) Act CAP R.3 laws of federation of Nigeria, 2004 but was first organized by the former Ministry of Industry, Nigeria Institute of Social and Economic Research and Manufacturers Association of Nigeria which was set up in 1983. [3] [4]
Nigeria's government is cracking down on illegal mining, making dozens of arrests of unlicensed miners since April for allegedly stealing the country’s lithium, a critical mineral used in ...
Dr.Jumoke Oduwole is the current Minister of Industry, Trade and Investment, appointed by Nigerian president Bola Tinubu in 2024, While Senator John Owan Enoh serves as the Minister of State for Industry, Federal Ministry of Industry, Trade and Investment. , [2] [3]
Cocoa Research Institute of Nigeria (CRIN) National Agricultural Extension, Research and Liaison Services (NAERLS) National Veterinary Research Institute (NVRI) Nigerian Agricultural Insurance Corporation (NAIC) National Root Crops Research Institute (NCRI) Agricultural Research Council of Nigeria
In 1971, the Nigerian National Oil Corporation (NNOC) was created to handle direct commercial operational activities in the oil industry on behalf of the Federal Government. [4] However, the Department of Petroleum Resources in the Federal Ministry of Mines and Power continued to exercise statutory supervision and control of the industry.
According to the Nigerian constitution, all minerals, gas, and oil the country possesses are legally the property of the Nigerian Federal Government. The revenue gained by the NNPC accounts for 76% of federal government revenue [16] and 40% of the entire country's GDP. As of 2000, oil and gas exports account for 98% of Nigerian export earnings ...