|
|
| |
| Economy beyond Oil: Harnessing Nigerian Solid-Mineral Deposits for Sustainable Development |
ANIOBI Sunday Chiemeriwo, ADEDOKUN, Jonathan Olusegun (Ph.D), AKINSUNMI Jummai Fatima (Ph.D), NWEZE Nonye Godwin
|
Abstract:
The world is continuously looking for alternative to oil and reasonable discoveries have been made to that effect. The deposit of bitumen in Igbokoda, Ondo State of Nigeria is unarguably the second largest deposit of bitumen in the world, yet it remains untapped among other huge solid mineral deposits found all over the country. No wonder high percentage of Nigerians live below poverty line, unemployment is on the rise and productive capacity of the country is at its lowest ebb. In view of the above, the study adopts an eclectic approach to examine the challenges and prospects of the solid mineral sector in Nigeria. Drawing from the secondary data and existing literature explored, it is revealed that huge successes were recorded from the massive utilization of solid minerals before the discovery of oil in commercial quantity in Nigeria. The paper recommendations that for Nigeria to break loose from the problems inherent in a mono-cultural economy, there is need for urgent shift to solid-mineral exploration.
|
|
|
| | |