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The Economic Values of Industrial Minerals and Rocks Deposits in Nigeria to the National Economy

Author(s):

Alufar P. T. , Edo State Polytechnic, Usen; Ikuvbogie F.O., Edo State Polytechnic, Usen; Oke O., Edo State Polytechnic, Usen

Keywords:

Industrial minerals, economic values, raw materials, employment, income, enabling environment, investors, exploration, exploitation, marketing and developmental goal

Abstract

This work examines industrial minerals deposits in various parts of the country and their economic values to the nation. Firstly, they provide raw materials to many industries such as construction, glass, paper, chemical, ceramics, metallurgical, and agricultural sectors. Secondly, they provide employment and generate income to the individuals and government. In this study it was found that the use of one industrial mineral in a production process often requires the use of several others; the production of cement from limestone often involves the use of gypsum, clay and some other minerals. Also, one mineral can be used as raw material for several industries; silicon can be used for glass, and ceramic manufacturing industries. Therefore, there is a serious need for government to create enabling environment for investors in the exploration, exploitation and marketing of these minerals. The development of this sector remains an important index in the developmental goals of our dear nation.

Other Details

Paper ID: IJSRDV8I10413
Published in: Volume : 8, Issue : 1
Publication Date: 01/04/2020
Page(s): 1286-1290

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