NIGERIAN MINERALS AND MINING ACT

Section 34: Establishment of the Solid Minerals Development Fund.

2007Section 34 of 165Federal Republic of Nigeria

(1) There is hereby established a fund to be known as the Solid Minerals Development Fund (in this Chapter of this Act referred to as "the Fund").
(2) The Fund shall be utilized for the following-
(a) development of both human and physical capacity in the sector ;
(b) funding for geo scientific data gathering, storage and retrieval to meet the needs of private sector led mining industry ;
(c) equipping the mining institutions to enable them perform their statutory functions ;
(d) funding for the extension services to small scale and artisanal Mining Operators pursuant to Section 91 of this Act ; and
(e) provision of infrastructure in mines land.

Cite this section

Section 34, NIGERIAN MINERALS AND MINING ACT (2007).

https://repo.podus.ai/laws/nigerian-minerals-and-mining-act/section/34/