NIGERIAN MINERALS AND MINING ACT - Law NigeriaThis Act repeals the Minerals and Mining Act, No. 34 of 1999 and re-enacts the Nigerian Minerals and Mining Act 2007 for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria; and for related purposes. ARRANGEMENT OF SECTIONS. CHAPTER I: Minerals, Prospecting,.nigerian mining act,nigerian minerals and mining act, 2007 12. 21. 23. 28. - National .Nigerian Minerals and Mining Act. 29. Application of Cap. F 34 LFN 2004 and the NfPCAct. 30. Deductibility ofEnvironmental Costs. 31. Pension Reform Act No.2. 2004. 32. Annual Capital Cost Indexation,. 33. Royalty. 34. Establishment ofthe Solid Minerals Development Fund. 35. Management Board of the Fund. 36.