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Mining sector has remained a positive core contributor to the sustainable socio-economic development of mineral producing countries for many years. Recent economic research findings indicate that earnings from solid minerals contribute handsome share of the Gross Domestic Product (GDP) of such countries as Ghana, Canada, Australia, and South Africa among others. In 2007, for instance, the mining sector contributed 5% to Ghana’s GDP, 7% to South Africa’s GDP and 3% to Canada’s GDP. In Nigeria however, the situation is pathetically not comparable despite the country is extraordinary endowed with a vast range of solid minerals and yet the mining sector contributes only partly 1% to the Nation’s GDP.