Mining in Nigeria presents strong economic opportunities due to the country’s vast solid mineral deposits that attract both local and foreign investors, but the sector is highly regulated and success goes beyond merely discovering resources.
Operators must comply strictly with the Minerals and Mining Act, 2007 and regulatory oversight from key agencies, while ensuring proper licensing, technical competence, environmental protection, and responsible engagement with host communities.
Failure to meet these obligations can result in serious consequences such as license revocation, operational shutdown, environmental liability, community conflicts, and financial losses, making regulatory compliance both a legal necessity and a critical business strategy.
This article examines the legal framework governing mining in Nigeria, the types of licenses available, the procedures for obtaining them, and the ongoing compliance obligations for operators, with emphasis on environmental sustainability, community relations, and lawful business practices.
*Ignorantia juris non excusat*
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By: Oyetola Muyiwa Atoyebi, SAN, FCI.Arb. (Notary Public)
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