MINING

2019 THEME: ENHANCING SOLID MINERAL PRODUCTION IN NIGERIA: OPPORTUNITIES IN THE VALUE CHAIN

MINING SECTOR

The mining sector accounts for 0.3% of national employment, 0.02% of exports and about $1.4 Billion USD to the Nigerian GDP. It exists today (despite its current low production and output) within a well defined regulatory structure supported by active professional bodies and agencies.

It has also been estimated that Nigeria loses about $40 billion annually in unexploited gold alone and Nigeria’s solid minerals commercial value has been estimated to run into hundreds of trillions of dollars.

There are seven priority minerals which include: Baryte, Bitumen, Gold, Iron Ore, Limestone, Lead/Zinc and Coal as part of the strategies to reform the sector. According to Dr. Kayode Fayemi (Minister of Mines and Steel Development), “the solid minerals sector is definitely a frontier of opportunity, some would say, the frontier of opportunity in the new economic reality in which we find ourselves.”

For more detailed information on mining investment opportunities, click on the images below.