Mining sector in Nigeria: growth of almost 18% in 2020

On December 13th, a new report from the Nigerian National Bureau of Statistics (NBS) on mineral production statistics for the years 2019-2020 was published. This report shows how production in the mining and quarrying sector increased by 17.95% in 2020, growing from 54.5 million tons in 2019 to 64.3 million in 2020.

The states of Kogi, Ogun and Cross River (with 12.5M, 12.1M and 8.9mt respectively) were the ones with the highest production.

“The mining and quarrying sector is crucial for growth in Nigeria, given Nigeria’s potential to export mineral resources to the rest of the world. Essentially, Nigeria is said to be blessed with over forty types of minerals including marble, coal, iron ore, gold, silica, lead, zinc, tin, manganese, granite, laterite, etc. ” indicates the report.

To all these figures should be added other channels, since according to the NBS, these figures come only from formal channels and artisanal and small-scale mining activities are not counted, which constitute more than 80% of the current mining activities in the country. .

“Furthermore, illegal mining activities have continued unabated. The government launched the Presidential Initiative for the Development of Artisanal Gold Mining (PAGMI) in 2019 to integrate artisanal and small-scale gold mining activities into the formal system and thus stimulate an increase in foreign exchange reserves, ”it indicates the NBS.