MINING AND SOLID MINERALS

The mining and solid minerals sector is a significant contributor to Nigeria’s economy, providing minerals and metals for local consumption and export. The sector is dominated by the extraction of crude oil, but there are opportunities for investment in solid minerals such as gold, iron ore, tin, and limestone. However, the sector faces challenges such as inadequate infrastructure and limited access to financing. Opportunities for investment in the sector include mineral exploration and extraction, mineral processing, mining equipment, and export logistics. Nigeria’s mining and solid minerals trade value is relatively low, but there is potential for growth in the domestic and international markets. Shared value in this sector includes job creation, mineral resource development, and economic growth. Competitive advantage in this sector includes abundant mineral resources a large and growing population, and a supportive regulatory environment.