Solid Minerals Future Of Nigeria Economy Sada Nan
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- Solid Minerals Future Of Nigeria Economy Sada Nan
The solid minerals sector is seen as a new frontier for economic growth and diversification in Nigeria, as the country seeks to reduce its dependence on oil and …
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Mr Musa Sada, the Minister of Mines and Steel Development, said the need to develop solid minerals in Nigeria had become necessary as it was the only future of …
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In 2015, Nigeria's solid minerals and mining sector accounted for a paltry 0.3% of the GDP which increased slightly to about 0.5% in 2018 The sector has contribut ed only 0.02% of Nigeria's ...
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The NEITI) says Nigeria earned N79.96bn from the solid minerals sector in 2019, according to its 2019 audit report on the sector Facebook Instagram Twitter Youtube Home
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Intuitively, holding all other factors constant, Nigeria will attain 51 percent economic diversification if solid mineral sector is fully harnessed, Considering the huge deposit and potentials in solid minerals that are abound in Nigeria, the country is at a veritable position of harnessing solid mineral for employment creation, poverty ...
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Musa Sada, the Minister of Mines and Steel Development, said the need to develop solid minerals in Nigeria had become necessary as it was the only future of this …
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Acting Chairman of Federal Inland Revenue Service (FIRS), Zachaeus Adedeji, yesterday, expressed his administration's expectation of a developed solid …
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The Solid Minerals Development Fund (SMDF) and GeoScan of Berlin, Germany, have signed a Memorandum of Understanding (MoU) on solid mineral development. Mr Dele Alake, the Minister of Solid Minerals Development, made this known at a news conference after the Federal Executive Council (FEC) meeting, held at the …
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For over four decades, the Nigerian economy has mostly depended on proceeds from the sale of crude oil. This is at the expense of other sectors such as solid minerals and agriculture that hitherto, contributed significantly to the economy of Nigeria. Employing both qualitative and quantitative analysis, this paper shows that the solid …
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There is a significant deposit of solid minerals in Nigeria (coal, oil sands, iron ore, gold, limestone, uranium, tantalum, diamond etc.) but the ascendancy of crude oil as a major income earner ...
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Keywords: Solid mineral, Solid mineral development, Economic diversification, Sustainable development JEL Classification: C21, C53, D78, L78, 012, 013, Q01. 1. Introduction According to Dantata (2011), Nigeria is blessed with huge deposits of solid minerals widely distributed across the different geographical zones.
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Mr. Sada M. (2012) former ... Adeniyi et al (2013), in their analysis on the legal regime for exploring solid minerals for economic growth in Nigeria, employing ... Akongwale et al (2013) in their analysis on the role of solid minerals on economic diversification in Nigeria, employing both qualitative and quantitative (descriptive) analysis ...
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As the world shifts from fossil fuels to cleaner energy in a bid to reduce the impacts of climate change, Nigeria and the Kingdom of Saudi Arabia move to develop solid minerals through partnership.
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The solid minerals and mining sector contributed a paltry 0.5% to the Gross Domestic Product (GDP) in 2018, with annual production averaging 40 million metric tons valued at about 34 billion naira ...
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Keywords Kaolin · Kaolinite · Material development · Nigeria · Solid mineral 1 Introduction Nigeria, a country widely regarded as having the potential to be great in the world due to its endowment of natural and human resources, would be unable to realize its full potential unless it achieves self-reliance and self-suciency [, 12].
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The Minister of Solid Minerals Development, Dr Dele Alake, says plans are ongoing by the Federal Government to establish six mineral centres in the six geo-political zones.
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The establishment of the Ministry of Solid Minerals is part of President Tinubu's effort to diversify the economy and expand the country's revenue landscape and economic development. According to the Minister of Solid Minerals, the sector is valued at over $700 billion and the country is well-placed to meet the global demand for critical ...
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The ministry is determined to ensure that the solid minerals sector's contribution to Nigeria's Gross Domestic Product (GDP) surpasses that of oil.
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Sada, M. M., (2013). Mid-term report for the m inerals and metals sector ... The economy of Nigeria is not solid minerals driven like that of a country like South Africa. Although several mineral ...
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Contributions of Solid Mineral Sectors to Nigeria's Economic Development Ada Chigozie Maduaka Submitted to the Institute of Graduate Studies and Research
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One of such areas that holds the potential for Nigeria's economic diversification is the solid mineral subsector. The study examined the influence of solid mineral development on economic growth in Nigeria, using the Auto Regressive Distributed Lag (ARDL) Approach. Time series data which spanned 1981 to 2019 were used in the study.
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security and economic livelihood. The exploration, exploitation and development of mineral resources upset natural ecosystem; generate tailings and wastes, which may be hazardous to ... 2. 0 Solid Mineral Resources of Nigeria and Their Uses Solid mineral resources can be classified into three main groups based on their application, namely ...
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Evidence revealed that mineral resources are available in large quantities and distributed across the country but the strategies for exploration has been the major obstacles to the success in Nigeria. This paper therefore, studies the problem and ... Problems and Strategies for Exploration of Solid Mineral Resources in Nigeria.
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Nigerian ministers who were present at the ceremony were: Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun; Minister of Solid Minerals Development, Dr. Dele Alake ...
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Presently, Solid minerals contribute as low as 3% to the country's GDP as against oil export which forms more than 95% of Nigeria's foreign exchange earnings. However, mineral 2 exploration and production constitute significant parts of Nigeria's economy and remain keys to future economic growth.
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mineral exploration were the main stays of Nigeria's economy. Solid minerals, particularly; coal, tin, columbite, lead and zinc were exported in large quantities; and formed a major source of
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Fatima, Sule (2014): News Agency of Nigeria (NAN) News Analysis: Developing Solid Minerals Sector to Enhance Economic Growth NAN Features/vol. 8/No. 3/2014 (Jan.3).
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The Minister of Solid Minerals Development, Dr Dele Alake, says Nigeria has comprehensive data on its Lithium reserves, available at the Nigerian Geological Survey Agency for investors to peruse ...
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Iron and steel industry anywhere in the world is a major industry because future industrialization does depend on it. 2.2 Importance of Solid Minerals to the Economy Solid minerals resources plays an important role in …
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1 A Profile of Nigeria's Solid Minerals A detailed Desk Review Michael Falade1 Peter Adeyeye2 1 Senior Research Associate at the Centre for Public Policy Alternatives (CPPA), Lagos, Nigeria +234 ...
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The impact of solid mineral on Nigeria economy has can be grouped as direct and indirect. Solid mineral contribute directly to GDP through its exploration and processing. In recent time the direct ...
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