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The principal laws for the regulation of the mining industry are the Nigerian Minerals and Mining Act 2007, Chapter N162, Laws of the Federal Republic of Nigeria ...

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Nigeria’s mineral development has been highly focussed on its oil industry. Nigeria is Africa’s largest oil producer and contributes 3% to global production. As a result, the mining industry has been neglected and has only been rekindled by the Ministry of Solid Mineral Development, intent in increasing the role of this sector of Nigeria’s economy.

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Mining industry of Nigeria - Wikipedia

The mining of minerals in Nigeria accounts for only 0.3% of its GDP, 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 …

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Mining industry of Nigeria - Wikipedia

Mining law is codified in the Federal Minerals and Mining Act of 1999. Historically, Nigeria's mining industry was monopolized by state-owned public corporations. This led to a decline in productivity in almost all mineral industries.