You must first complete The Nature of Nigerian Economy before viewing this Lesson
Please sign up for the course before starting the lesson.

Components of the Nigerian Mining Industry

CONTENT

  1. Meaning of Mining
  2. Classification of Mineral Resources
  3. Importance of Mineral Resources in Nigeria
  4. Location and Uses of Some Mineral Resources Found in Nigeria

 

Meaning of Mining

Mineral resources are substances that are formed naturally in the earth. They can be referred to as free gift of nature because they are not brought into existence or produced by any human intervention.

Mining is the process by which minerals are extracted or removed from the earth. Nigeria is richly endowed with 34 different minerals which include coal, gold, columbite, lead barites, cassiterite, gemstone, talc, feldspar, bitumen, iron ore and so on. At the moment, Nigeria economy depends heavily on crude oil and natural gas. However, seven other minerals deposits have been prioritized by the Ministry of Solid Mineral Development for reforms in the mining sector. These include coal, bitumen, limestone, iron ore, barites, gold and lead or zinc.

Classification of Mineral Resources

Mineral resources can be classified into solid and non-solid minerals based on forms.

Please sign up for the course before starting the lesson.
Lesson tags: Economics Lesson Notes, Economics Objective Questions, SS1 Economics, SS1 Economics Evaluation Questions, SS1 Economics Evaluation Questions Third Term, SS1 Economics Objective Questions, SS1 Economics Objective Questions Third Term, SS1 Economics Third Term
Back to: ECONOMICS – SS1 > Third Term
© [2022] Spidaworks Digital - All rights reserved.