You said that the business community has been largely ignorant of the economic potential in this sector. Don’t you think it is because the community has found a ‘comfort zone’ in oil?

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…
Mining is one of the oldest economic activities in Nigeria. Organised mining in Nigeria started in 1903. Mining offers Nigeria potentials for job creation, foreign exchange earnings, domestic production and consumption, tax revenue and diversification of our economy from dependence on oil. It can employ at least 3million people, moving most of them to middle-class…