• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Mines ministry contributes N7.8B to GDP in 2021

Mines

The Matters Press by The Matters Press
March 21, 2022
Reading Time: 2 mins read
0
Nigeria suspends mining in Zamfara

Mining

The Ministry of Mines and Steel Development (MMSD), says it contributed N7.8 billion to the country’s Gross Domestic Product (GDP) in 2021.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

Mr Patrick Ojeka, the Director, Artisanal and Small Scale Mining (ASM) Department, MMSD made this known on Monday in Abuja.

Ojeka said the N7.8 billion was realised by the ministry through its agencies and departments.

According to him, Mining Cadastra Office (MCO), an agencies under the ministry contributed substantially to this amount.

MCO, at a news conference recently, revealed that the agency made N4 2 billion as revenue in 2021.

MCO is an autonomous agency of government saddled with the responsibility of managing and administering mineral titles.

Ojeka said that the ministry’s contribution to the GDP in 2021 was unprecedented compared to its past contribution.

“The ministry in its effort to put the sector in its rightful place came up with a Road Map, inaugurated by the former minister and incumbent Governor of Ekiti State, Dr Kayode Fayemi.

“The Road Map made the sector attractive to investors and has placed the sector on the path of growth and development.

“Fayemi also accessed N30 billion for the ministry, it was a great achievement, the fund helped to upscale the performance of the sector to higher level,” he said.

The director said that the current ministers had also done well since they assumed the ministry, adding that the ministry had never contributed the above amount to the GDP in the past.

According to him, the ministry will soon commence biometric exercise across the country for more 2000 artisanal miners that registered into cooperatives.

He said the essence of the biometric was to know their locations and monitor their operations.

” The biometric will help to locate and apprehend artisanal miner that commit offence; it will help in locating where they are conducting mining operations.

” Currently, the ministry have formalised more than 2000 artisanal miners that registered into different cooperatives, we want to go beyond formalisation, we want to conduct biometric for them to manage and ensure they don’t result in criminality.

“We have procured biometric equipment that will soon be deployed to the field for the exercise and we will issue them Identity Cards.

“We noticed that some artisanal miners have been formalised several times due to their movement from one field to another but the biometric will henceforth avoid double formalisation.

“Federal Government do not call artisanal miners “illegal miners”, they are miners that are scratching the surface of the land to earn their living, we call them artisanal miners.

“As far as they have been formalised into cooperatives, they can access small scale mining licence from the MCO to conduct full mining operation,” he said.

He said that agreement had been reached with artisanal miners operating on tenement (land) that belong to mining investors to sell minerals mined on the tenement to the investors.

Tags: Mines
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Osinbajo commissions Toyota Service centre as Nigeria commits to business reforms

Osinbajo commissions Toyota Service centre as Nigeria commits to business reforms

Cryptocurrency scares Kenya

Cryptocurrency scares Kenya

Recommended Stories

“Naira-4-Dollar” getting results

Naira gains further by 0.02%

September 16, 2022
Buhari moves against palm oil importers

SAAF promises to make Benue oil palm hub

July 6, 2022
Minister unveils plans to transform economy

Minister unveils plans to transform economy

September 1, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us