In this publication we do a macroeconomic review of the Nigerian mining sector, look at mining and ESG and also review the mining regulatory framework. We also highlight some of the achievements of the previous administration in this sector and how well the mining roadmap has been implemented to date.
As Nigeria continues to explore other viable sources of revenue, we discuss the opportunities solid minerals present by looking at the strategic minerals and also advance a path forward for the new administration as well other stakeholders interested in the development of the Nigeria mining sector.
Mining companies with higher ESG ratings outperformed the broader market during the peak of the COVID-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index
ESG and the impact on the mining industry
ESG continues to be crucial for the mining industry. ESG will provide a working roadmap for building trust and sustainable growth at a time when the ecosystem needs to prove it understands just how quickly the world is changing.
The mining industry will need to show commitment to addressing ESG issues, in addition to understanding the dangers and opportunities these present. As a result, miners can offer long-term benefits to governments, shareholders, workers, and the communities where they operate.
