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As oil revenue falls, can Nigeria's solid minerals sector rise to the occasion?
There's no doubt that solid minerals offer a great potential in improving our revenue, but first, how did this sector contribute to the Economy in 2018 and what are the prevalent issues?
#THREAD
There's no doubt that solid minerals offer a great potential in improving our revenue, but first, how did this sector contribute to the Economy in 2018 and what are the prevalent issues?
#THREAD
In 2018, Nigeria sold 46.68m tons of solid minerals and accrued a total revenue of N69.47b . The solid mineral sector contributed 0.18% to the total GDP in that same year
#Askquestions
#Askquestions
A total of 1,516 mineral licences were issued, and 46.68m tons were sold compared to the 35.33m sold in 2017. While Ogun State produced the highest volume, Dangote Cement Plc made a contribution of 46.38%, and limestone accounted for about 54.85% of the total volume produced.
