
Mining industry of Nigeria - Wikipedia. Mining is the extraction or removal of minerals and metals from the earth. The Nigerian Coal Corporation is a parastatal corporation that was formed in 1950 and held a monopoly on the mining and the Nigerian Minerals and Mining Regulation 2011. The Act vests control of all properties and minerals in Nigeria in the States and prohibits unauthorised exploitation or exploration of minerals.Minerals and Mining Regulations 2011 ... According to the World Bank the mining of minerals in Nigeria has accounted for less than 0.5% of GDP in recent years