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Components Of The Nigerian Mining Industry

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    Mining industry of Nigeria - Wikipedia

    Mining industry of Nigeria 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 salt or iron ore .

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    Overview of The Nigerian Mining Sector 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.

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    The Nigerian Coal Corporation (NCC) is a parastatal corporation that was formed in 1950 and held a monopoly on the mining, processing, and sales of coal, lignite, and coke products until 1999. [2]

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