While Nigeria has long been a major source of oil and gas, the nation’s huge potential as a source of precious metals, minerals and stone has gone largely untapped – until recently. The federal government is actively seeking to diversify the country’s economy through mining and quarrying. In fact, the goal is for the mining sector to account for 3 percent of GDP by 2026, which is 10 times higher than in 2020.
Businesses recognize the significant opportunities opening up in Nigeria’s mining and quarrying sector, and our lawyers are here to facilitate their growth by providing expert legal guidance. We understand the unique issues surrounding the extraction of various materials such as tin, iron ore, gold, bitumen, gemstones, uranium, cobalt and more.
Businesses seeking to establish mines and quarries in Nigeria quickly come to find that all exploration and mining activities require close cooperation with the government.
This is because, under the Constitution, all mines and minerals, including oil fields, oil mining, geological surveys and natural gas are under the exclusive preserve of the Federal Government of Nigeria. Resources are therefore under the centralized ownership of the government, which has the exclusive right to grant permits to explore land, mineral deposits, and sell the extracted resources.
Whether you are seeking to establish a mine or quarry for the first time or you have operated in Nigeria before and seek new opportunities, you can trust our legal team to assist you in gaining the required rights from the government.
Our mining and quarrying lawyers are intimately familiar with all applicable laws, including the Nigerian Minerals and Mining Act of 2007 and the Land Use Act. Further, we are respected by governing bodies, including the Ministry of Mines and Steel Development, the Mines Inspectorate Department and the Mining Cadastre Office.
Our team’s strengths include working cooperatively with all levels of government and applicable agencies, representing domestic and international mining companies, and significant industry expertise to complement our legal experience.
As a result of these strengths, we can provide high-quality, cost-effective representation for essentially any matter that arises in mining and quarrying: