Nigeria has a range of world class minerals resources, such as gold, limestone etc. In addition, it has a variety of other occurrences (more than 45) of medium significance albeit important for small scale mining and industrial development. The world class minerals in Nigeria warrants a closer look especially by foreign mining companies.

This work discusses the impact of Information Communication Technology (ICT) on Small and medium scale enterprises (SMEs) in Nigeria. Today we live in an information society in which more people must manage more information, this in turn requires more technological support, which both demands and creates more information.

Nigeria (comprising manufacturing, mining, and utilities) accounts for a tiny proportion of economic activity (6 per cent) while the manufacturing …

On the key findings of the study, Prof Aromolaran said a very low percentage of small-scale farms in the state had stepped up to medium scale (five hectares and above) in the past decades, adding ...

Developing artisanal small-scale mining in Nigeria. Artisanal and Small-scale Mining (ASM) is an important part of the Nigerian mining sector which has the potential to raise internally generated revenue and enhance our foreign exchange earnings, create employment, reduce poverty and encourage Foreign Direct Investment (FDI) if well managed.

Nigeria: Mining Laws and Regulations 2022. ICLG - Mining Laws and Regulations - covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.

medium scale enterprises has been emphasized by researchers. For example, Oke and Aluko (2015) examined the impact of Commercial Banks in financing small and medium scale enterprises (SMEs) in Nigeria for the period 2002 to 2012. The authors collected annual data from ten Commercial Banks and adopted panel data regression analysis.

output on small medium scale Enterprises in Nigeria. Significance of the Study This study tries to examine the impact of microfinance Banks on the growth of SMEs and thus economic growth in Nigeria from 1970 to 2011. The study shall give an insight on how job

An in-depth analysis on mining in Nigeria. By Guest Contributor. Oct 27, 2020. The economy in Nigeria has been growing slowly since the oil price slump of 2014. Since then, volatility of global oil prices has negatively impacted …

and medium businesses in Nigeria. A descriptive survey research design was adopted for the study. The sample of the study was achieved using random sampling technique. The sample for this study was 400 respondents. These respondents were selected from proprietor/ proprietress of small and medium scale enterprises in Asaba.

The Nigerian Association of Small Scale Industrialists (NASSI) was founded in 1978 and registered under the land perpetual succession Act as a non-profit organization. It has a national secretariat, four zonal offices and branches in all the states of the federation and Abuja. The Association admits those in manufacturing, processing, mining ...

According to the Nigeria Bureau of Statistics, small and medium scale enterprises (SMEs) in Nigeria have contributed about 48% of the national GDP in the last five years. With a total number of about 17.4 million, they account for about 50% of industrial jobs and nearly 90% of the manufacturing sector, in terms of number of enterprises.

Small and Medium Enterprises (SMEs) are critical to the development of any economy as they possess great potentials for employment generation, improvement of local technology, output diversification, development of indigenous entrepreneurship and forward integration with large-scale industries. In Nigeria, there has been gross under performance ...

Although there are no large-scale gold mining operations in Nigeria currently, there is some small-scale gold mining done by artists. The leading gold miners in Nigeria are a family from Anka called Alye. Iron Ore Mining in Nigeria. The purest deposits of iron ore in Nigeria is in Itakpe in the Kogi State.

The sector directly contributed 38.3% of Ghana's total corporate tax earnings, 27.6% of government revenue and 6% GDP in 2011. The sector employs 28,000 people in the large scale mining industry whilst over 1,000,000 people are engaged in the small scale gold, diamonds, sand winning and quarry industries.

Nigeria, States, Local Governments of the Niger Delta region, Oil Companies, Nigerian National Petroleum Co-operation, Institutions, Host Communities, Researchers and the existing body of knowledge on oil spillage and environmental degradation in the Niger Delta region of Nigeria. It will enlighten and sensitize relevant authorities

The concern is even more disturbing when comparing SME in Nigeria with other countries particularly where SME has become harbinger of economic reconstruction and transformation. (Ihua; 2009)In the case of Nigeria, small and medium scale enterprises have performed at …

Succeeding as a small and medium scale enterprise in Nigeria comes with too many perils, including a stifling business environment, multiple tax agencies, inefficient supply of electricity, and high food inflation, etc. Now that these are accompanied by high transportation costs, many businesses may be compelled to close shop.

In Nigeria, there is no clear-cut definition that distinguishes a purely small- scale enterprise from a medium-scale enterprise. The Central Bank of Nigeria, in its Monetary Policy Circular No. 22 of 1988, defined small-scale enterprises as having an annual turnover not exceeding 500,000 naira. In the 1990 budget,

JMCs, on the other hand, are as aforementioned, small and medium scale enterprises involved in mining activities in Nigeria. The ASMs and JMCs form the universe of small scale miners currently subsisting within the exploratory mining stage in Nigeria at present. It is fitting to note that there are no large mining companies save for the large ...

national economic development of Nigeria, problems of SMEs in Nigeria, history of SMEs in Nigeria among others. II. Literature Review This study reviewed extensively the idea of small and medium scale enterprises as viewed by various authors who took keen interest in the subject. Some of the areas that were visited include

After Nigeria's independence in 1960, much emphasis has been laid on the growth of small and medium scale industries as a means of reducing the incidence of poverty and unemployment in the country. Since the adoption of the economic reform programme in 1986, there has been a decisive shift from grandiose, capital intensive and large scale

Uncontrolled small- to medium-scale gold mining has a negative impact on the environment and poses severe health risks for the miners and communities in the interior. The greatest environmental risks are posed by the use of mercury in the ore extraction process and the tailings and siltation caused by hydraulic mining. ...

Money is one of the reasons many small and medium scale businesses (SMEs) fail in their first year; poor business management and lack of access to capital are the most common factors. The rejection rate of MSME loan applications by commercial banks is way over 50% for most banks and as high as 90% in a few.

Printed in Nigeria. Nigerian Mining Sector Brief | 3. Section. Page . 1erview of the Nigerian Mining Sector Ov 05 2 Mineral Endowment 08. 2.1 Coal 08 ... 4.3 Small Scale Mining Lease 15 4.4 Mining Lease 15 4.5 Quarry Lease 15 4.6ater Use Permit W …

medium-scale business enterprises to survive the hard times but develop or grow steadily and become strong enough to contribute their quota to sustainable development in Nigeria. ii. To acquaint entrepreneurs and would be entrepreneurs with the basic ingredients on how to set up and run small and medium scale businesses. III. Theoretical ...

Lagos, Nigeria October 2005 ABSTRACT This study, Small and Medium Scale Enterprises (SMEs) in Nigeria: Problems and Prospects, was undertaken to find out if the SME sub-sector in Nigeria has performed its critical role of driving the country's industrial transformation and

"By providing offtake opportunities through the establishment of Precious Metals Buying Centres, it serves as a spur for more small and medium scale mining investment, while its refinery symbolises its focus on value addition in the gold and precious metals industry in Nigeria and West Africa."

Small and Medium Scale Enterprises: the Nigerian Context Numerous scholars have attempted to define the concept of SME in Nigeria. For instance, according to Omisakin (1999), the Central Bank of Nigeria states that in the area of commercial banks, small scale industries are those with annual turnover not exceeding N5 million ($30,303). The

In Nigeria, due to crude oil mining and production in the past, full attention was not paid to the small and medium-sized manufacturing firms, which was the reason for the inconsequential ...