How to Make Millions from Solid Mineral Mining in Nigeria is the in thing now. In fact, research shows that this is a lucrative business in Nigeria. Therefore, whether you are a small scale miner or one of the many artisanal miners, this is how to make your millions in the business. In the first place, you can understand the importance of solid minerals to man. In addition, is to aid your quest for making millions of Naira in this business. Therefore, here are the mineral resources in Nigeria and their locations.
On the other hand, for you to make your millions in this sector of the economy, you have to take note of the salient factors highlighted here. So, there are highlights on type of minerals for you to make decision on which to embark upon. In addition are their locations and prices. We have here too, highlight on your mining business start-up processes. Now, put on your thinking cap and let’s explore these factors.
Mining and GDP in Nigeria:
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In fact, there is need for you to understand the place of mining in Nigeria’s economy. Research shows that mining of minerals in Nigeria accounts for only 0.3% of its GDP. This is traced to the influence of Nigeria’s vast oil resources. Therefore, the domestic mining industry is underdeveloped. In fact, this has led to Nigeria having to import minerals that it could produce locally.
This is why, we think that if you are an existing miner or an intending one, this article is for you. What you get here could make you a millionaire soon.
How to Make Millions from Solid Mineral Mining in Nigeria – Related Question an Answers:
The answers to these questions will also help you prepare yourself for business.
- How many solid mineral resources do Nigeria have?
Nigeria is endowed with about 34 economically viable solid minerals. And, these are identified in 450 locations in the country.
- What are the components of the Nigerian mining industry? And, what minerals are mined in Nigeria?
The solid mineral resources in Nigeria include tin, iron ore, coal, limestone, niobium, lead and zinc. Others are gold, talc, rock salt, gypsum, bitumen, gemstones, kaolin, tantalite and columbite.
Which state has what solid minerals in Nigeria?
Solid mineral and Natural Resources in Nigeria are found in the States as follows:
| ABUJA | ABIA STATE | ADAMAWA STATE | AKWA IBOM STATE | BORNO STATE |
| Marble | Gold | |||
| Clay | Salt | Kaolin | Lead / Zinc | Diatomite |
| Tantalite | Limestone | Bentonite | Clay | Clay |
| Cassiterite | Lead/Zinc | Gypsum | Limestone | Limestone |
| Gold | Crude Oil | Magnesite | Uranium | Hydro-carbon |
| Lead /Zinc | Salt | Gypsum | ||
| Dolomite | Lignite | Kaolin | ||
| Bentonite |
Furthermore, are the following;
| ANAMBRA STATE | BAYELSA STATE | BAUCHI STATE | BENUE STATE | CROSS RIVER STATE |
| Limestone | ||||
| Lead/Zinc | Clay | Amethyst (violet) | Lead/Zinc | Uranium |
| Clay | Limestone | Gypsum | Limestone | Manganese |
| Limestone | Gypsum | Lead/Zinc | Iron-Ore | Lignite |
| Iron-Ore | Uranium | Uranium | Coal | Lead/Zinc |
| Lignite | Manganese | Clay | Salt | |
| Salt | Lignite | Marble | Crude Oil | |
| Glass-Sand | Lead/Zinc | Salt | ||
| Phosphate | Barytes | |||
| Gypsum | Gemstones | |||
| Crude Oil | Gypsum |
In addition, are the following;
| DELTA STATE | EBONYI STATE | EDO STATE | EKITI STATE | ENUGU STATE |
| Lead | Kaolin | |||
| Marble | Gold shocked | Marble | Feldspar | Coal |
| Glass Sand | Salt | Lignite | Tatium | Limestone |
| Gypsum | Clay | Granite | Lead/Zinc | |
| Lignite | Limestone | Syenite | ||
| Iron-Ore | GOMBE STATE | Iron Ore | KATSINA STATE | JIGAWAA STATE |
| Kaolin | Gypsum | Kaolin | ||
| Gemstone | Glass-sand | Marble | Butytes | |
| KEBBI STATE | Gypsum | Gold | Salt | |
| Gold | Dolomite Phosphate | |||
| Bitumen | ||||
| Crude Oil |
How to Make Millions from Solid Mineral Mining in Nigeria – Furthermore, are
| IMO STATE | KADUNA STATE | KANO STATE | KOGI STATE | KWARA STATE |
| Sapphire | Prrochinre | Iron-Ore | Gold | |
| Lead/Zinc | Kaoline | Cassiterite | Kaolin | Marble |
| Limestone | Gold | Copper | Gypsum | Iron-Ore |
| Lignite | Clay | Glass – Sand | Feldspar | Cassiterite |
| Phosphate | Serpentinite | Gemstone | Goal | Columbite |
| Marcasite | Asbestos | Lead/Zinc | Marble | Tantalite |
| Gypsum | Amethyst | Tantalite | Dolomite | Feldspar |
| Salt | Kyanite | Talc | Mica | |
| Crude Oil | Graphite | Tantalite | ||
| Selenite | ||||
| NASARAWA STATE | Mica | LAGOS STATE | OGUN STATE | PLATEAU STATE |
| Beryl (Emerald) | Aquamarine | Glass-sand | Phosphate | Emerald |
| Aquamarine and | Ruby | Clay | Clay | Tin |
| Heliodor | Rock Crystal | Bitumen | Feldspar (traces) | Marble |
| Dolomite/Marble | Topaz | Crude Oil | Kaolin | Granite |
| Sapphire | Flopper | Limestone | Tantalite/columbite | |
| Tourmaline | Tourmaline | ONDO STATE | Gemstone | Lead/Zinc |
| Quartz- Amethyst (Topaz, gamet) | Gemstone | Bitumen | Bitumen | Barytes |
| Zircon | Tentalime | Kaolin | Iron-Ore | |
| Tantalite | Gemstone | OYO STATE | Kaolin | |
| Cassiterite | Gypsum | Kaoline | Belonite | |
| Columbite | OSUN STATE | Feldspar | Marble | Cassiterite |
| Lamanite | Gikd | Granite | Clay | Pyrochlore |
| Galena | Talc | Clay | Sillimanite | Clay |
| Iron-Ore | Tourmaline | Glass-sand | Talc | Coal |
| Barytes | Columbite | Dimension stones | Gold | Wolfram |
| Feldspar | Granite | Limestone | Cassiterite | Salt |
| Limestone | Coal | Aqua Marine | Bismuth | |
| Mica | RIVER STATE | Crude Oil | Dolomite | Fluoride |
| Cooking coal | Glass-sand | Gemstone | Molybdenite | |
| Talc | Clay | SOKOTO STATE | Tantalite | Gemstone |
| Cay | Marble | Kaolin | Bauxite | |
| Salt | Lignite | Gold | ||
| Chalcopyrite | Crude Oil | Limestone | ZAMFARA STATE | |
| Phosphate | Goal | |||
| Gypsum | Cotton | |||
| TARABA STATE | YOBE STATE | silica-sand | Gold | |
| Kaolin | Tintomite | Clay | ||
| Lead/Zinc | Soda Ash | Laterite | ||
| Potash | ||||
| Flakes | ||||
| Granite | ||||
| Salt |
I know you must have gone through this tables thoroughly. They are to help you decide which solid mineral you can invest into. The location is important too.
NOW READ ALSO:
- How to get your Mining Exploration Lease in Nigeria
- Where & How to get Small Scale Mining Lease in Nigeria
- Get a Quarry license here
- A 25-Year Mining Lease in Nigeria
- Small Scale Lead Mining BPlan
- Mining Quarry Business Plan with Feasibility studies
- Solid Mineral challenges for Artisinal Small scale Mining
- Challenges of Artisanal Small Scale Mining in Nigeria
Current Gold Price of Different Units in Nigeria
Gram Units Gold Price
1 Gram Gold = 17785.1209 NGN
2.5 Grams Gold = 44462.80225 NGN
5 Grams Gold = 88925.6045 NGN
10 Grams Gold = 177851.209 NGN
How to Make Millions from Solid Mineral Mining in Nigeria – Start-up Processes:
Now, if you have gone through this write up, we present to you an opportunity of owning your own mining business. This is the real time for it. Nigeria’s crude oil price is failing. So, contact us for your mining business incorporation @ CAC and Mining license from mining cadastral office. Then you export/import license, other statutory certificates. Get also your mining Business plan and investment proposals. The business plan highlight on each solid mineral are those that make your mining business a lucrative one. Contact us on +234 8034347851 or [email protected].
So, on How to Make Millions from Solid Mineral Mining in Nigeria, contact us for these essential institutional regulatory requirements. Therefore, we will help you out with;
- Business incorporation at CAC – Register your business here
- Mining license
- Mining Business plan
- Tax management
- Statutory annual returns
- Business consultancy services etc.
Our Contacts:
Contact us on +234 8034347851 and [email protected].
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Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
