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The Nigerian Mining Industry The Untapped Goldmine. Monday, February 08, 2016 2.59 PM / FDC The Nigerian economy has remained susceptible to the swings in the global energy market for over fifty years.

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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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