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Get PriceOct 04 2019 conclusion on components of nigerian mining industry nigeria is sitting on a hotbed of solid minerals which if well exploit can transform the country into one of the major economies in the world baby steps are currently being taken in the mining industry but without a
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Nigeria nigeria economy the nigerian economy is one of the largest in africa since the late 1960s it has been based primarily on the petroleum industry a series of world oil price increases from 1973 produced rapid economic growth in transportation construction manufacturing and government services because this led to a great influx of rural people into the larger urban centres
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Mining is the extraction of valuable minerals or other geological materials from the earth the geological survey agency of nigeria and the ministry of mines and steel development have reported the occurrence of more than 34 minerals in over 450 locations spread across the entire country which are in various stages of development
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The bank of industry in nigeria has promised to dis burse a loan estimated at n24bn to entrepreneurs willing to invest in the solid minerals sector accessibility to long term financing is a prerequisite for adequate investment in capital expenditure while commercial banks may be required to bridge the short term funding gaps
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20161227the petroleum industry is now a major component of the global economyost however there are a number of environmental concerns associated with the burning of petroleum productsoncerns about air pollution smog and greenhouse gas effects on global warming is methods of exploration and production of petroleum resources ione l
Components of nigerian mining industry explore nigeria interested in knowing what the components of nigerian mining industry are nigeria is well blessed with a lot of minerals which if exploited judiciously will lead the country into an abundance of wealth a lot of solid minerals such as precious and base minerals industrial minerals energy minerals and metals can be found here
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