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What are the export opportunities in the mining and solid minerals sector in Nigeria?

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(@helen-olamide)
Posts: 2050
Illustrious Member Customer
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[#2840]

What are the export opportunities in the mining and solid minerals sector in Nigeria?


 
Posted : 29/04/2024 8:21 am
(@edwardadex233)
Posts: 1000
Noble Member
 

Here are some export opportunities in the mining and solid minerals sector in Nigeria :

 

- *Gold*: Gold is a major source of keeping and preserving valuables and foreign reserves.

- *Strategic Mineral Deposits*: The Federal Government of Nigeria has identified baryte, bitumen, coal, gold, iron ore, and limestone as strategic mineral deposits due to their economic value.

- *Industrial Minerals*: Nigeria has an abundance of industrial minerals such as clay, kaolin, gypsum, lead, zinc, and phosphate.

- *Construction Materials*: Products such as granite, gravel, marble, sand, and other construction materials are in high demand locally because of a combination of a growing housing deficit and infrastructure development projects.

- *Diversification*: The mining sector offers opportunities for economic diversification, wealth creation, and industrialization, with the potential to generate over $25 billion by 2025.


 
Posted : 29/04/2024 9:11 am
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