Sustainable Management of Mineral Resources

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The development objective of the Sustainable Management of Mineral Resources Project in Nigeria, is to Increase the Government's long-term institutional and technical capacity to manage Nigeria's mineral resources in a sustainable way, including the establishment of a basis for poverty reduction, and rural economic renewal in selected areas of the country, via the development of non-farm income generating opportunities, through small-scale mining, seeking to diversify from oil sources of income. The first component - economic development and livelihood diversification in artisanal and small-scale mining areas - will contribute to increased production by artisanal and small-scale miners, in an environmentally and socially sustainable way, achieved through the empowerment of small-scale miners, and surrounding communities that depend directly, or indirectly on the exploitation of solid minerals to ensure their sustainability. Component A will have a demand driven approach, whereby cooperatives and associations of artisanal, small scale miners, and the affected communities will be empowered to take charge of their own development agenda, and define their own needs in the context of business, and community development plans, namely access to credit finance. The second component aims at strengthening governance and transparency in mining, to improve Nigeria's competitiveness, and attract private investments in mining. The activities supported by the Project include: a) Revision and modernization of the legal and fiscal frameworks for mining; b) Institutional capacity building for efficient public mining institutions and transparent management of the sector; c) Development of a computerized registry, and Mining Cadastre system in accordance with international standards; and, d) Development of environmental and social management practices within the mining sector. The Private Sector Development component will support Government efforts in facilitating the development of a national mining industry, led by an efficient private sector. The component will also support the restructuring of State-owned mining enterprises. Within this framework, the Project will support, and strengthen the geological infrastructure (geophysical, geological mapping, and mineral assessments) as well as the development of a national solid minerals information system to promote investment in the mining sector. The Project Coordination and Management component will manage all procurement aspects, including all contracting for works and purchases, and hiring of consultants; coordinate project monitoring, reporting and evaluation; and, oversee the project financial management and records.

FY17 - Education,FY17 - Energy and Extractives,FY17 - Financial Sector,FY17 - Public Administration,FY17 - Social Protection

World Bank Group

Project

Chemical (Industrial), Manufacturing (Industrial), Oil and Gas, Commercial, Raw Materials, Government, Education