Overview

The Nigerian Minerals and Mining Act establishes the legal framework for the ownership, control, and administration of mineral resources in Nigeria. It vests property in minerals, water, and related resources in the State, prohibiting unauthorized exploration or exploitation. The Act outlines the functions of the Minister, establishes the Mining Cadastre Office for title administration, and creates departments for mines inspectorate and environmental compliance. It provides mining incentives such as capital allowances, customs duty exemptions, and tax relief periods. The Act details qualifications and procedures for various mineral titles (Reconnaissance Permit, Exploration Licence, Mining Lease, Quarry Lease, Water Use Permit) and stipulates obligations like royalty payments and environmental costs. It also covers accident inquiries, road construction, and establishes the Solid Minerals Development Fund.

Download