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Industry - Nigeria - growth, infrastructure, sector

Industry as a whole contributed 33% of GDP in 2000, mostly in the oil sector. Nigeria is the 10th largest producer of oil in the world, and third in Africa. The oil sector supplies 95% of foreign exchange earnings and over 90% of total exports. Nigeria has proven oil reserves of 22.5 billion barrels.

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This is also among major mining companies in Nigeria. The organization was formed by a group of companies with the aim of channelling their potentials and resources so as to tap into the Nigerian Mining and Minerals Processing Company. WGG Ltd is among the largest mining and exploration firm in Nigeria.

Mining industry of Nigeria - Wikipedia

Mining regulation is handled by the Ministry of Solid Minerals Development, which oversees the management of all mineral resources. Mining law is codified in the Federal Minerals and Mining Act of 1999. Historically, Nigeria's mining industry was monopolized by state-owned public corporations.

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Nigeria (comprising manufacturing, mining, and utilities) accounts for a tiny proportion of economic activity (6 per cent) while the manufacturing sector contributed only 4 per cent to GDP in 2011.

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Nigeria - Wikipedia. Despite huge deposits of these natural resources, the mining industry in Nigeria is still in its infancy. . It was ranked 143 out of 182 countries in Transparency International's 2011 Corruption Perceptions Index; however, it improved to 136th position in 2014.

Nigeria - Wikipedia

The Federal Republic of Nigeria, commonly referred to as Nigeria (/ n aɪ ˈ dʒ ɪər i ə / ), is a federal republic in West Africa, bordering Niger in the north, Chad in the northeast, Cameroon in the southeast, and Benin in the west.

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