Nigeria's Mining Sector Calls for Regulatory Clarity and Enhanced Security at Mining Week

Nigeria's mining industry is at a critical juncture as investors and key stakeholders gathered for the 11th Nigeria Mining Week in Abuja, voicing urgent calls for clearer regulations and enhanced security measures. The sector, rich in solid mineral resources, has been hampered by insecurity, regulatory conflicts, and inadequate infrastructure, which have collectively deterred potential investments.

Oba Ayandele Ayanleke, the President of the Miners Association of Nigeria, highlighted the detrimental impact of insecurity along mining corridors and jurisdictional disputes between federal and state authorities on investor confidence. He stressed the necessity for the government to establish a more predictable regulatory framework, stating, “Stronger partnerships between local and international stakeholders are critical to attracting capital, facilitating technology transfer, creating jobs, and generating wealth.”

In his remarks, Austin Menegbo, Country Manager for Segilola Resources Operating Limited, pointed out the need to build upon the success of Nigeria's first large-scale commercial gold mine. Menegbo noted that Segilola produced an impressive 91,910 ounces of gold in 2025, setting a benchmark for the industry and underlining the potential for sustainable growth if the right conditions are established.

Amidst these discussions, Ayanleke also addressed a recent mining incident, revealing that the government has formed an investigative panel to look into the matter. He urged stakeholders to remain patient as they await the panel's findings, emphasizing the importance of transparency and accountability within the sector.