The quarrying industry in Nigeria has far-reaching socioeconomic and environmental implications that demand careful consideration of sustainable practices and innovative technologies.
In the past two decades, the Federal Government of Nigeria has made concerted efforts to revitalise and grow Nigeria's mining sector to diversify its sources of revenue and foreign exchange earnings.
Mining is one of the oldest economic activities in Nigeria dating back to prehistoric times when man crudely exploited iron and clay, and perhaps other metals, for the production of his …
Quarry distribution in Nigeria has followed the pattern of infrastructu ral development and growth . ... Mining and Economic Sustainability: National Economies and Local Communities (19).
Small-Scale Mining Lease, a Mining Lease, a Quarry Lease, and a Water Use Permit.20 With the prevalence of small-scale mining, it became necessary for the ... Nigeria's economic progress is practically tied to the boom of the oil market. However, the uncertainty of oil prices, lack of transparency in
Mining and quarry sectors are considered as one of the most important viable sectors in Nigerian economy. This paper assessed the socioeconomic impact of quarrying and mining on poverty ...
Nigeria's mining sector is entering a new phase following the Covid-19 pandemic, with greater government support and a growing role as an important generator of export earnings amid post-pandemic economic recovery. Many of Nigeria's mineral resources remain unexploited, with considerable potential in gold, precious and semi-precious stones, gemstones, iron ore, …
As much as we do acknowledge the economic benefits of mining activities, there is the need also to recognize the environmental hazards that come with it in order to find ways of dealing with them.
As at the third quarter of 2022, the non-oil sector contributed 94.34% (in real terms) to the nation's Gross Domestic product (GDP), higher than the share recorded in the third quarter of 2021 …
• Nigeria's mining sector is diverse in mineral resources including high value commodities • 44 different types of minerals are identified in more than 500 locations • The Government identified a number of minerals considered to be of economic importance in Nigeria occurring in many locations across the 36 states and the
1Department of Mining Engineering, The Federal University of Technology, Akure ... A significant socio-economic impact of quarry was seen in improvement in social status; 13.1% and 50.0% of the ... Livelihood, granite stone, quarry jobs, Nigeria 1. INTRODUCTION Quarrying activities has led to development of infrastructure, created employment ...
Prospects of Mining in Nigeria *Ahmed F. Ali1, Amina S. Abdullahi1, Aminu S. Zangina1 1Department of Environmental Management, Bayero University, Kano State, Nigeria Email: [email protected] Abstract Mining is referred to as the extraction of minerals and other geological materials of economic value from deposits of the earth.
Nigeria's Mining regulatory framework: To further attract investment, generate revenues and develop the local mining industry, the Federal Government of Nigeria has begun legal, regulatory, institutional, and fiscal reforms for the mining sector. Key initiatives in this regard include the establishment and recent automation of a cadastral
The mining sector has remained evident as a viable alternative to Nigeria's oil-based mono-economy. With the potential for inter-sector growth, increase Nigeria's export ratio, and with a global commodity price rise, there …
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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 ...
Nigeria's reliance on oil revenue leaves the economy vulnerable and susceptible to global oil price fluctuations. Diversifying revenue sources through the exploration of solid minerals is a prudent strategy to mitigate this self-induced risk. KEY CHALLENGES IMPEDING NIGERIA'S MINING INDUSTRY.
Section 116 of the Act stipulates that the holder of a Mining Lease, Small Scale Mining Lease, or Quarry Lease is required to finalise with the host community, an agreement known as a Community Development Agreement ("CDA" or the "Agreement") or such other agreement that will ensure the transfer of social and economic benefits to the host ...
Mining and quarrying are the processes of extraction of naturally occurring stone or minerals such as coal, ores, crude petroleum and natural gas from the earth. In Nigeria, solid minerals are discussed separately to that of petroleum and natural gas (coded as division 11 of the ISIC), in …
But in spit e of its economic benefits, mining activities . mhave adverse and serious effects on land use and land cover. ... Some active mines and quarries in Nigeria are listed in Table 1 below:
The socioeconomic and environmental impacts of mining on immediate communities around Borini Porono quarry in Kogi State, central Nigeria were examined. A total of 100 respondents were contacted for relevant information through questionnaire ... Whereas some researches highlight the benefits of mining to economic development, others focus on ...
Nigeria's economy was largely dominated by agriculture and mining of solid minerals prior to the discovery of crude oil in 1956. The agrarian economy, characterized by the export of cash crops like palm produce, cocoa, rubber, timber, and groundnut, positioned Nigeria as a major exporter of farm produce.
The sector includes crude petroleum, natural gas, coal mining, metal ore, and quarry and other minerals. Crude petroleum and natural gas recorded 147.62%, coal mining 21.77%, and metal ore 14.80%, while quarry and other minerals recorded 32.41%, respectively. The mining and quarry sector contributed 8.94% to Nigeria's overall GDP in Q2 2017.
On the website of the MCO, there are currently 6,376 active mineral titles, which include 2,502 exploration licences, 2,097 quarry leases, 1,522 small-scale mining leases, and 255 mining leases ...
On mineral titles obtainable in the country, he mentioned the Reconnaissance Permit, Exploration License, Small Scale Mining Lease, Mining Lease, Quarry Lease, and the Water Use Permit. On the website of the MCO, there are currently 6,376 active mineral titles, which include 2,502 exploration licenses, 2,097 quarry leases, 1,522 small-scale ...
the Nigerian economy and peculiarities, the compilation of statistics of petroleum and natural gas (which are coded as division 11 of the ISIC) is discussed separately from that of solid minerals. Mining is one of the oldest economic activities in Nigeria dating back to prehistoric times when man crudely exploited iron and clay, and
1 Based on the Nigerian Gross Domestic Product Report for Q4 2023, published by the National Bureau of Statistics, the total contribution of the Mining sector (i.e., coal mining, metal ores and quarrying and other minerals) to the 2023 …
There is an estimated 25,000 mines in the world producing industrial minerals and 100,000 quarries producing aggregates for construction purposes (Statistical Classification of Economic Activities ...
Mineral titles granted under the Act include a Reconnaissance Permit, an Exploration Licence, a Small-Scale Mining Lease, a Mining Lease, a Quarry Lease, and a Water Use Permit 20. With the prevalence of small-scale mining, it became necessary for the government to focus on this group who make up a large proportion of miners in Nigeria ...
The Mining and Quarrying sector is crucial to growth in Nigeria considering the potential to export mineral resources to the rest of the world and the drive for diversification.