Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


5 countries declare interest on Nigeria's mining sector

07 October 2015, 19:10

Abuja - Sani Shehu, the President, Miners Association of Nigeria, on Wednesday said five countries had declared interest to invest in Nigeria's mining sector.

Shehu told the News Agency of Nigeria (NAN) in Abuja that the countries were Thailand, South Africa, Dubai, Canada and Australia.

He said they had declared interest to come to Nigeria with their equipment and start mining very soon.

He said their investment in the sector would boost Nigeria's economy and create job opportunities for the youth.

While encouraging the investors, the president said the Nigerian Minerals and Mining Act, 2007, and its Regulations 2011, were in line with international standard and guaranteed security of tenure.

Also read: Miners urge transporters to reflect reduction in petrol pump price

He also said that Nigeria had a favourable geology and readily available geosciences data for prospective investors.

According to him, Nigeria is richly endowed with various minerals that manifested in multiple occurrences all over the country.

"There are 44 minerals occurring in no fewer than 500 locations in Nigeria; the notable minerals are Metallic, Tin, Tantalite, Columbite, Iron ore, Nickel, Lead, Zinc, Zircon, Silver, and Copper.

'Among them are industrial minerals, Barytes, Talc, Limestone, Clays, Marble, Graphite, Asbestos, Feldspars, Glass sand, Gypsum, Talc, Mica, Precious minerals, Gold, Silver, Gemstones Coal, Bitumen, Lignite and Uranium.’’

The president said currently, mining contributed only 0.3 per cent to Nigeria's Gross Domestic Products (GDP).



Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...