From June, 2013 Foraminifera Market Research would
start publishing our E- magazine. The magazine would focus on
investment and business opportunity in Nigeria. Be the first to get hot
investment and business opportunities in Nigeria by subscribing to our
E- Magazine, Investing in Nigeria.
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Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!
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SOFT COPY SUBSCRIPTION
Annual subscription x 12 issues
Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!
You would also have 12 months access to over 50 market research reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues
Subscribe Now!
For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
Coal exploration in Nigeria started as far back as 1916. Available data show that Coal (mainly sub-bituminous steam Coals except for the Lafia-Obi bituminous Coking Coal) occurrences in Nigeria have been indicated in more than 22 Coalfields spread over 13 States of the Federation.
The Coal Industry gave rise to the first set of industries in Nigeria and provided all the energy requirements for these industries up to the ‘late 1960’s. These include the Marines, the Nigerian Railways, Electricity Corporation of Nigeria (now National Electric Power Authority NEPA) and the Nigeria Cement company (Nigercem), Nkalagu. All these are in addition to use of Coal for domestic cooking and other industrial applications.
The leading role of Coal in the Nigerian energy mix started to decline with the discovery of oil in commercial quantity in Nigeria in the late 1950’s and was hastened by the Nigerian civil war which took place between 1967- 1970 during which period all the Coal Mines in the country were abandoned. The rapid development of the oil industry in Nigeria resulted to undue Governments’ reliance on oil for the country’s revenue and energy needs since the 1960's and a neglect of the solid fuel Coal which is an alternative energy resource.
Coal, a black mineral that is found below the ground and burnt to produce heat, as been used for many years to power railways, power and manufacturing plants. Coal is not only used as fuel, they are also used in the industrial production of tar, gas and non edible oils.
Nigerian Coal is one of the most bituminous in the world owing to its low sulphur and ash content and therefore the most environmental friendly. There are nearly three billion {3,000,000,000} tonnes of indicated reserves in seventeen {17} identified coalfields and over six hundred million {600,000,000} tonnes of proven reserves in Nigeria and they can be found in mostly Enugu and Kogi states in Nigeria.
Given the large deposits of brown coal in the tertiary sediments east and west of River Niger; there are investment opportunity in the mining and processing of coal for the local and export market.
In Nigeria, Opportunities exist in the following section of coal mining/processing
1. Mining
2. Processing { Pellet Production}
3. Transportation
4. Steel Production
5. Sales of mining machineries/ equipment
Obtaining Mining Lease in Nigeria
There are two options available to a company or an individual to enter into the mining industry in Nigeria.
Through the acquisition of an existing mining property from the original owner. Approval must be obtained from the Ministry of Solid Minerals Development for such a purchase.
By obtaining on application, either a Prospecting Right (PR), an Exclusive Prospecting Licence (EPL), or a Special Exclusive Prospecting Licence (SEPL), the application should state financial and technical capability qualifying the applicant for entry into the mining sector.
Incentives / Government Policy on Mining in Nigeria
In order to encourage investment in the solid minerals industry in Nigeria, Government is the offering the following incentives
1. 3-5 years Tax Holiday
2. Deferred royalty payments
3. Possible capitalisation of expenditure on exploration and surveys
4. Extension of infrastructure such as roads and electricity to mining sites, and provision of 100% foreign ownership of mining concerns.
The mining industry in Nigeria is regulated by the The Nigerian Minerals and Mining Act of 2007, National Minerals and Metals Policy 2008 and Nigerian Minerals and Mining Regulations 2011.
The percentage of royalty charged in the mining industry in Nigeria range between 3%- 5%.
Should you require a market research report {Pre-feasibility report, Business Plan or Market Report} on the above subject matter, please do contact the writer.
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HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.
The
training cuts across different segment of the economy to include
Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining
and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism
and Transportation and are facilitated by seasoned professionals in
their respective fields.
Please do visit the link below to access available training programmes
We
prepare business plan, feasibility study and market report for the
small and medium scale industries and develop the entrepreneurial
capacity of our client with the aim of providing the much needed
business data in Nigeria.
In
keeping with our vision of providing services that adds value to our
clients business and resources to develop their business into a strong
and visible global brand, we would like to introduce to you to our
sister websites
www.nigeriaoilandgasportal.com { The one stop for the oil and gas industry in Nigeria}
www.nigeriabusinessplace.com {Online Business Forum}
The
details in this article is based on information from various sources
that we believe are reliable; however no representation is made that it
is accurate or complete. While reasonable care has been taken in
preparing the articles, no responsibility or liability is accepted for
errors of fact or for any opinion expressed herein. The articles are for
information purposes only.
Foraminifera
Market Research accepts no liability whatsoever for any direct or
consequential loss arising from any use of the articles or its contents.
The
articles are for private circulation only and may only be distributed
freely in its entire form. Any other use without the prior express
consent of Foraminifera Market Research is prohibited.
