Tag: bitumen

Solid minerals are critical national assets – and should be prioritised like the country’s oil and gas exploration.

The bill also seeks to establish the Bitumen Development Commission to regulate the mining, production and exportation of the mineral.

“Mining is big business. Nigeria must assert its presence in this environment by replicating its strategic positioning in the petroleum ...

Nigeria is blessed with 42.47 billion metric tonnes of bitumen reserves, an official said

Nigeria’s bitumen deposits are ranked sixth in the world in terms of reserve size, an official said.

The sector generated N79.96 billion in 2019 while oil and gas generated N13.9 trillion the same year.

The AfDB boss, Akinwunmi Adesina advocates restructuring so that states can effectively utilise their vast resources for development.

Nigeria is reputed to have the second largest deposit of bitumen in the world.

Government has promised tax holidays and duty free on mining equipment as incentives to serious investors.

The Committee on Devolution of Power agrees to involve states in mining activities. The co-chairman of the National Conference Committee ...