For decades, Nigeria’s mining industry has been dominated by large-scale operations, at least at face value. While these contribute significantly to the national economy, another crucial player often goes unnoticed: artisanal and small-scale miners (ASMs). Operating with limited resources and often outside formal regulations, millions of Nigerians rely on artisanal mining for their livelihoods. But beyond their individual struggles, ASMs hold untapped potential to drive sustainable growth in the Nigerian mining industry.

The Numbers Tell a Story:

Beyond subsistence:

These miners are not merely scraping by. They contribute significantly to the national economy, estimated to account for up to 80% of Nigeria’s mineral production in some states. They provide critical minerals for local consumption and contribute to global markets. Moreover, they often operate in remote areas where large-scale operations are not feasible, creating jobs and economic opportunities where they are needed most.

According to former Nigerian Minister of Mines and Steel Development, Dr. Kayode Fayemi, a surprising 10% of Thailand’s $12 billion gemstone industry originates from Nigeria! This highlights the significant, but often overlooked, contribution of Nigeria’s artisanal miners to the global gemstone supply chain. The Minister estimated an average of $3 billion in annual gemstone exports from Nigeria, but the true potential of this sector remains untapped, waiting to be further harnessed and developed.

Challenges and Opportunities:

Despite their contributions, ASMs face numerous challenges:

However, these challenges present opportunities for growth and transformation:

Unlocking the Potential:

The Nigerian government’s recent push for total formalization of the ASM sector is a positive step. But true transformation requires a multi-pronged approach:

A Brighter Future:

By harnessing the untapped potential of artisanal miners, Nigeria can achieve sustainable growth in its mining industry. By addressing the challenges and creating an enabling environment, we can empower millions of Nigerians, transform the sector, and ensure that mineral wealth translates to prosperity for all.

Join the conversation:

Let’s continue the dialogue and work together to unlock the bright future that artisanal mining holds for Nigeria.