For decades, Nigeria's economy has been based on oil. The government is now moving away from its black gold dependence to open its economy up to diversification.
The Nigerian National Petroleum Corporation has expressed its readiness to collaborate with the Nigerian Mining & Geosciences Society towards growing the nation’s abundant hydrocarbon reserves.
The World Bank’s Board today approved a $150 million credit to enhance the contribution of the mining sector to the Nigerian economy.
Australia and Nigeria are set to enhance partnerships in the mining sector to promote the sector’s sustainability in line with the Federal Government’s development agenda.
The Dangote Group has expanded its investments into agriculture and mining, Mansur Ahmed, Executive Director, Corporate Communications of the group, said in Kano.
“A national mining event, which we hope will grow into an international event” is how the President of the Miners Association of Nigeria (MAN), Alhaji Sani Shehu, describes the upcoming, inaugural Nigeria Mining Week which is taking place in Abuja in October.
The Federal Government yesterday said that coal mining licences would be issued only to companies that are interested in generating electricity from coal.
Dangote Cement Plc, a subsidiary of the Dangote Group, has announced its plan to start mining coal at Ankpa, Kogi State, in November.
Nigeria offered a three-year tax holiday to mining investors as the West African nation seeks to raise as much as $7 billion to develop its minerals and steel industries.
Authorities at the Ministry of Solid Minerals Development yesterday confirmed the discovery of world class nickel in Kaduna State, by an Australian mining syndicate.