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 stateowned public corporations.
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Mining industry of Nigeria Wikipedia, the free encyclopedia. The mining of minerals in Nigeria accounts for only % of its GDP, due to the influence of its vast oil resources.
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Mining fact: Despite massive mineral wealth, the Nigerian mining industry is vastly underdeveloped and only accounts for % of the country's GDP – and this due to oil resources. The underdevelopment is resulting in Nigeria having to import processed minerals, even though it could be locally produced
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