Daily Archives: March 12, 2014
Nigeria has embarked on a new drive to turn its large deposits of sold minerals into major contributions to national income in order to diversify its foreign earnings away from oil. Recently, there have been key developments affecting the sector that are intended to make it more conducive for private investment. Nigeria is endowed with...
Before oil became the mainstay of the economy in the mid-1970s, solid minerals and agricultural commodities accounted for almost all of the country’s exports. The tin mines of the central plateau region around the city of Jos, and the coal mines around the southern city of Enugu had been opened up by the late 19th…
One of the key strategies of the current democratic government in Nigeria for economic recovery is the attraction of foreign direct investment into the country and the diversification of the revenue base of the Nigerian economy. The stated objective of the current administration is the reduction of dependence on oil revenue to about 50 per…
