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component of nigerian mining 2. Nigerias Mining Sector Investment Promotion Brochure August 2016 2 Abundant Mineral Resources occur in all the components of Nigerian De risking initial investments into mining eg Mining Finance Fund provided for in Mining Act Live Chat.
COMPONENTS OF NIGERIAN MINING INDUSTRY
conclusion on components of nigerian mining industry Nigeria is sitting on a hotbed of solid minerals which if we’ll 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 doubt, the future is bright.
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The mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore.
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