Showing 01 - 12 of 139 Results

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Contribution Of Solid Minerals To GDP Too Low Minister

Apr 27, 2016· Minister of Solid Mineral Development, Dr Kayode Fayemi, yesterday has said that the contribution of solid minerals to Gross Domestic Product (GDP) is low. Declaring open a seminar on “The Role of Mining Sector in Diversifying the Revenue Base of the Nigerian Economy,” Fayemi described the situation as unacceptable. The minister noted that in spite []

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Nigeria’s solid minerals earnings rise to N69bn in 1year

The report also showed that the solid minerals sector contributed 0.12% to Nigeria’s Gross Domestic Product (GDP) in 2015, a marginal increase of 0.01% on the 0.11% contribution of the sector to GDP in 2014. However, it noted that while mineral production reduced, government revenues went up in

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Solid minerals: FG launches framework to boost

Mar 05, 2019· THE Federal Government has launched a report designed to enhance the contribution of the solid minerals sector to Nigeria’s revenue and Gross Domestic Product, GDP. Speaking at

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SOLID MINERALS: HARNESSING NIGERIA’S VIABLE

mineral resources including gold, copper, iron-ore, limestone, bitumen, lignite, coal, lead/zinc, gypsum, kaolin, sapphire, granite, laterite, sand, and clay) abound across the 36 States of the country and the Federal Capital Territory, Abuja, contribution of the solid mineral sector to overall GDP remains

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Developing the solid minerals sector Quick wins for the

this is the solid minerals sector. The solid minerals sector had been targeted by the previous administration to contribute 5% to GDP by 2015 and 10% to GDP by 2020. Current contribution of the solid minerals sector to GDP averages about 0.46% To reverse this trend and initiate appreciable growth in the sector, the following are the quick

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Contributions of Solid Mineral Sectors to Nigeria’s

real exchange rate, real gdp, solid mineral output, and gross capital formation, a preliminary graphical study of the trend in solid minerals contribution to Nigeria’s real gdp shows that over time, the linkage of solid minerals to the real sector steadily declined with a couple of structural breaks.

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ON SOLID MINERAL SECTOR FOR THE NATIONAL ASSEMBLY

POLICY BRIEF ON SOLID MINERALS SECTOR FOR THE NATIONAL ASSEMBLY CISLAC POLICY BRIEF 4 Nigeria is blessed with a lot of mineral resources that are widely distributed across the country. As a result, mining is done virtually in all the states of the federation. Although the overall contribution of mining to the national GDP has

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Solid mineral’s contribution to GDP rises to 11%

Mar 02, 2012· The Federal Government has noted that contribution by the solid mineral industry to the nation’s economy may have risen to about 11 percent in the

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(PDF) Contributions of Solid Mineral Sectors to Nigeria’s

For over four decades, the Nigerian economy has mostly depended on proceeds from the sale of crude oil. This is at the expense of other sectors such as solid minerals and agriculture that hitherto

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‘Solid minerals contributed N3.5bn to Federation Account

Jan 09, 2018· The solid minerals sector contributed N3.5bn to the Federation Account between January and November 2017, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said. Fayemi said this

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(PDF) NIGERIA SOLID MINERAL RESOURCE POTENTIALS: AN OVERVIEW

NIGERIA SOLID MINERAL RESOURCE POTENTIALS: AN OVERVIEW. The country's solid mineral resources were one of the major attractions for colonialism

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(PDF) Taxation of Solid Mineral Mining in Nigeria

Academia.edu is a platform for academics to share research papers.

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Solid mineral’s contribution to GDP rises to 11% EnergyNews

Sep 16, 2012· Solid mineral’s contribution to GDP rises to 11% The Federal Government has noted that contribution by the solid mineral industry to the nation’s economy may have risen to about 11 percent in the past one year. The drastic rise from less than three percent over the years has been attributed to the recent reforms in the sector, which has

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Nigeria exports 16.3m tonnes of solid mineral worth $30m

Oct 27, 2019· It noted that the development also affected efforts at quantifying the contribution of the solid minerals sector to Nigeria’s GDP, which presently stands at current basic price of ₦113.7 trillion. The report however, highlighted that the sector’s contribution to GDP was an abysmal 0.11 per cent which showed a decline of 0.01 per cent and

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An Empirical Analysis of the Contribution of Mining Sector

An Empirical Analysis of the Contribution of Mining Sector to Economic 91 2.2 Empirical Review of Literature The impact of mining of solid minerals on domestic economies has been examined fromdifferent perspectives. There is for instance the structuralist thesis which

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How we are transforming Nigeria's solid mineral sector

How we are transforming Nigeria’s solid mineral sector Fayemi “The target of the ministry is to achieve 5 per cent contribution to the gross domestic product (GDP) by 2020, against the

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Repositioning The Nigerian Mining Sector Through Improved

Jul 09, 2018· The Roadmap for the Growth & Development of the Nigerian Mining Industry of 2016 4 highlights the potential for increase in the sector's contribution to GDP from 5% in 2015 to 10% by 2020, thus supporting forecasts that a concentrated exploration of Nigeria's solid minerals wealth may in the short term exceed her oil wealth. It is envisaged

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1. INTRODUCTION

sector’s contribution to GDP from 5% in 2015 to 10% by 2020, thus supporting forecasts that a concentrated exploration of Nigeria’s solid minerals wealth may in the short term exceed her oil wealth. It is envisaged that this shift would translate to increased public and private sector

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Mining industry of Nigeria Wikipedia

Mining regulation is handled by the Ministry of Solid Minerals Development, which oversees the management of all mineral resources. 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.

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A SOCIOLOGICAL ANALYSIS OF THE IMPACT OF SOLID

Solid Minerals Mining Solid minerals mining can be considered to be the extraction of valuable non-renewable minerals or other geological minerals from the earth, usually from an Ore body, lode, vein seam, reef or placer deposits. These deposits form a mineralized package that is

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FOREIGN DIRECT INVESTMENT: CHALLENGES AND

This extremely low share of solid minerals’ contribution to GDP is further attributed to the underdevelopment of the mining sector due to inadequate and insufficient policies for solid minerals exploration and development. Nevertheless, over the past decades, possibilities for growth in the solid minerals sector have been vigorously examined.

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Repositioning The Nigerian Mining Sector Through Improved

Jul 09, 2018· The Roadmap for the Growth & Development of the Nigerian Mining Industry of 2016 4 highlights the potential for increase in the sector's contribution to GDP from 5% in 2015 to 10% by 2020, thus supporting forecasts that a concentrated exploration of Nigeria's solid minerals wealth may in the short term exceed her oil wealth. It is envisaged

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1. INTRODUCTION

sector’s contribution to GDP from 5% in 2015 to 10% by 2020, thus supporting forecasts that a concentrated exploration of Nigeria’s solid minerals wealth may in the short term exceed her oil wealth. It is envisaged that this shift would translate to increased public and private sector

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A SOCIOLOGICAL ANALYSIS OF THE IMPACT OF SOLID

Solid Minerals Mining Solid minerals mining can be considered to be the extraction of valuable non-renewable minerals or other geological minerals from the earth, usually from an Ore body, lode, vein seam, reef or placer deposits. These deposits form a mineralized package that is

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FOREIGN DIRECT INVESTMENT: CHALLENGES AND

This extremely low share of solid minerals’ contribution to GDP is further attributed to the underdevelopment of the mining sector due to inadequate and insufficient policies for solid minerals exploration and development. Nevertheless, over the past decades, possibilities for growth in the solid minerals sector have been vigorously examined.

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Nigeria earned N69.2 Billion from Solid Minerals Sector in

The report showed that the solid minerals sector contributed 0.12% to Nigeria’s Gross Domestic Product (GDP) in 2015, a marginal increase of 0.01% on the 0.11% contribution of the sector to GDP

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Lifting Nigeria’s economy with solid minerals The Sun

A breakdown of the Central Bank of Nigeria’s re­port on minerals exports from Nigeria, shows that within six years, the amount received from the trade in solid minerals ranged from $182.110

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Nigeria exports solid minerals worth $30 million in 2017

It noted that the development also affected efforts at quantifying the contribution of the solid minerals sector to Nigeria’s GDP, which presently stands at current basic price of ₦113.7 trillion.

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NEITI: Nigeria Earned Zero Revenue From Solid Minerals In

NEITI: Nigeria Earned Zero Revenue From Solid Minerals In Q3 2017. Nigeria earned no revenue into her Federation Account from its solid minerals sector in the first nine months of 2017, a quarterly review of revenues that went into the account by the Nigeria Extractive Industries Transparency Initiative (NEITI) has

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Mining industry of Nigeria Wikipedia

Mining regulation is handled by the Ministry of Solid Minerals Development, which oversees the management of all mineral resources. 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.

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The Contribution of the Mining Sector to Socioeconomic and

The Contribution of the Mining Sector to Socioeconomic and Human Development. c b. Tweet Like Share # Shares: 0. The Contribution of the Mining Sector to Socioeconomic and Human Development. firstly presents an analysis of the Nigerian economy as the environment within which the solid minerals sector is situated. It discusses the

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The Role Of Solid Minerals In Nigeria’s Economy As We

Dec 22, 2015· Good morning ladies and gentlemen. The core purpose of our gathering today is acquaint you with some of the emerging strategic priorities and plans of the Federal Ministry of Solid Minerals Development for accelerating and scaling up the role of solid minerals in Nigeria’s economy.

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Home Ministry of Mines and Steel Development

E-Services provided by Ministry of Mines and Steel Development. Welcome to the Integrated Automation and Interactive Solid Minerals Portal (IAISMP), the GO-TO portal for real time information on Mining Sector in Nigeria. Office:No. 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, F.C.T., Nigeria.

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Central Bank of Nigeria Annual Report—2011

Central Bank of Nigeria Annual Report—2011 143 2.4 percentage points. This was followed by agriculture with a contribution of 2.3 percentage points; wholesale and retail trade contributed 2.1 percentage points; and building and construction 0.2 percentage point. Industry as a group made a contribution of 0.3 percentage point.

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Nigeria Earned N52.8bn From Solid Minerals in 2017 NEITI

On the solid mineral sector's contribution to exports, the NEITI stated that about 16.34 million metric tons of minerals valued at $29.90 million was exported in 2017.

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The Role Of Solid Minerals In Nigeria’s Economy As We

Dec 22, 2015· Good morning ladies and gentlemen. The core purpose of our gathering today is acquaint you with some of the emerging strategic priorities and plans of the Federal Ministry of Solid Minerals Development for accelerating and scaling up the role of solid minerals in Nigeria’s economy.

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Home Ministry of Mines and Steel Development

E-Services provided by Ministry of Mines and Steel Development. Welcome to the Integrated Automation and Interactive Solid Minerals Portal (IAISMP), the GO-TO portal for real time information on Mining Sector in Nigeria. Office:No. 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, F.C.T., Nigeria.

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Nigeria Earned N52.8bn From Solid Minerals in 2017 NEITI

On the solid mineral sector's contribution to exports, the NEITI stated that about 16.34 million metric tons of minerals valued at $29.90 million was exported in 2017.

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FG to give states control over solid minerals

“By the time the report of the committee would be ready, we would have states that would be able to exploit the solid mineral resources in their states and this would shore up their revenue

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Mineral Resources and Economic Development

Mineral Resources and Economic Development* Gavin Wright and Jesse Czelusta Stanford University October 2003 Prepared for the Conference on Sector Reform in Latin America Stanford Center for International Development November 13-15, 2003 Abstract Recent studies assert that natural resource abundance (particularly minerals) has adverse

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CHAPTER 8 MINERALS AND ECONOMIC DEVELOPMENT

MINERALS AND ECONOMIC DEVELOPMENT CHAPTER 8 MMSD THE MINING, MINERALS AND SUSTAINABLE DEVELOPMENT PROJECT 175 Sometimes they even extend to taking over mines and running them as state enterprises when private companies are no longer willing to keep them open.

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Mineral Wikipedia

A mineral is, broadly speaking, a solid chemical compound that occurs naturally in pure form. Minerals are most commonly associated with rocks due to the presence of minerals within rocks. These rocks may consist of one type of mineral, or may be an aggregate of two or more different types of minerals, spacially segregated into distinct phases.

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Develop national framework to curb illegal mining, Senate

Oct 02, 2019· He also lamented that solid minerals sector’s contribution to the gross domestic product, GDP of the country, had dwindled due to illegal mining. He

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literature review on impact of solid mineral

literature review on impact of solid mineral . Literature Review of High Performance Thermal Insulation literature review on impact of solid mineral ,the solid, conduction through gas phase and radiation through pores (From Simmler et al., 2005).Typical materials in this category are mineral wool, expanded or extrudedLiterature Review On Impact

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EMU I-REP: Contributions of Solid Mineral Sectors to

Using the time series data for real exchange rate, real gdp, solid mineral output, and gross capital formation, a preliminary graphical study of the trend in solid minerals contribution to Nigeria’s real gdp shows that over time, the linkage of solid minerals to the real sector steadily declined with a couple of structural breaks.

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FG earned N52 billion from solid minerals in one year

Oct 28, 2019· The solid minerals sector contributed N52.75 billion to federation revenue in 2017, a 21% increase on the N43.22 billion contributed by the sector in 2016. The information and data followed an independent reconciliation of company payments and government receipts in the sector by the Nigeria

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ASSESSMENT OF THE IMPLEMENTATION OF GOVERNMENT

others. It can, therefore, be said that solid minerals can contribute significantly to the sustainable growth and development of the country’s economy. Forty-four (44) among the seventy-six (76) solid minerals so far discovered in Nigeria have been found to be in commercial quantities (Mallo, 2012; FGN, 2013) and available in 500 locations

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Economic and social effects analysis of mineral

Table 1 provides the contribution ratios of the urban fixed assets investment in various mineral developments to the total fixed assets investment in China varies with different minerals. The contribution ratio of mining and washing of coal increased during the 2003–2005 period but was relatively stable at about 1.3% during the 2006–2009 period; the contribution ratio of extraction of

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States To Take Full Control Over Solid Minerals — Economic

Dec 10, 2019· States To Take Full Control Over Solid Minerals Licence Threat: NERC Keeps Mum As Discos’ Deadline Expires Gombe State Governor Okays