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Multi-billion contract fraud rocks Itakpe Iron Ore Mining Comp. Aug 23, 2015 Daily Trust: The Nigerian Iron-Ore Mining Company (NIOMCO) at Itakpe in Kogi State was established to meet the raw materials need of the
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The mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore.
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Malam Mohammad Amate, the Director-General, Nigerian Cadastre Office, Abuja, on Sunday, said four foreign companies would begin mining of gold and iron ore in the country this year.
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