What is the importance of mineral resources in Nigeria?
What is the importance of mineral resources in Nigeria?
The importance of mineral resources is significant. With the proper investment of money and effort, Nigeria will be able not only to cover its own needs for various types of minerals but also export the processed products thereby developing its economy and raising the people’s standard of living.
What are the importance of mineral resources?
Importance of Minerals We need minerals to make cars, computers, appliances, concrete roads, houses, tractors, fertilizer, electrical transmission lines, and jewelry. Without mineral resources, industry would collapse and living standards would plummet.
What is the most important mineral resources in Nigeria?
Petroleum is the most important mineral that is available in Nigeria. Basically, about 2.5 million barrels of crude oil per day is produced while the gas reserves are put at 160 trillion cubic meters.
What are the three mineral resources in Nigeria?
Solid Mineral Deposits in Nigeria
- Talc. Over 40 million tonnes deposits of talc have been identified in Niger, Osun, Kogi, Ogun and Kaduna states.
- Gypsum. Gypsum is an important input for the production of cement.
- Iron Ore.
- Lead/Zinc.
- Bentonite and Baryte.
- Gold.
- Bitumen.
- Coal.
What is the importance of minerals in the development of a country?
The study found that mineral wealth not only propelled economic growth, but it also translated into larger improvements in human development in these same mineral-rich countries, more so than in similar non-mining countries.
What are the mineral resources in Nigeria and their location?
Mineral resources in Nigeria and their locations
- Bitumen – Lagos, Edo, Ondo, Ogun.
- Coal – Ondo, Enugu.
- Oil and gas – Akwa Ibom, Abia, Bayelsa, Edo, Delta, Rivers, Imo.
- Gold – Edo, Ebonyi, Kaduna, Ijesha, Oyo.
- Iron ore – Benue, Anambra, Kogi State, Kwara, Delta State.
- Lead and zinc – Ebonyi, Benue, Ogoja, Kano.
In what three ways can mineral resources contribute to the development of Nigeria?
The earnings from solid minerals, were used to develop roads, education, hospitals and in fact develop the petroleum industry. The decline of the solid minerals industry started with the discovery of oil to an extent that Nigeria became a mono product economy and vulnerable to international oil politics.
What are the contribution of minerals to the economic development of Nigeria?
Solid minerals contributed immensely to the economic development of Nigeria in the pre-independence years. During this period, Nigeria was known for the production of coal as an energy source for electricity, railways and also for export. Tin, Columbite, Lead and Zinc were exported.
What are the ten mineral resources in Nigeria?
Natural Resources
S/N | STATES | NATURAL RESOURCES |
---|---|---|
1 | Abia | Gold, Lead/Zinc, Limestone, Oil/Gas & Salt |
2 | Abuja | Cassiterite, Clay, Dolomite, Gold, Lead/Zinc, Marble & Tantalite |
3 | Adamawa | Bentonite, Gypsium, Kaolin & Magnesite |
4 | Akwa Ibom | Clay, Lead/Zinc, Lignite, Limestone, Oil/Gas, Salt & Uranium |
What are the importance of mineral oil and gas in the development of Nigeria economy?
The importance of the petroleum sector is obvious: it contributes approximately 80 percent of the Federal Government’s revenue and 90 percent of Nigeria’s export earnings [2]. Nigeria’s petroleum sector GDP contribution must be compared with other oil-based economies (countries that actually deserve the description).