Discover how the formalization of artisanal miners in Nigeria can lead to environmental protection, ethical sourcing, and sustainable development. Learn about the Nigerian Mineral Exchange’s role in championing the Federal Government’s Artisanal Mining Formalization Policy for a more responsible and prosperous mining industry.
Explore the vital role of artisanal and small-scale mining (ASM) in Nigeria’s economy. This article delves into the socio-economic impacts, challenges, government initiatives for regulation, and the necessity for sustainable practices in ASM. Discover how this sector supports livelihoods in rural communities while addressing environmental concerns and promoting responsible mining in the area.
Nigeria boasts vast mineral resources, but artisanal mining remains largely informal. Formalizing this sector can generate significant economic benefits, including increased revenue, job creation, and reduced environmental impact.