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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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Dec 23, 2013· Mining industry of Nigeria - Wikipedia, the free encyclopedia . 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.

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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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