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What are the roles of natural resources in Nigeria?

What are the roles of natural resources in Nigeria?

Resource extraction is the most important sector of the economy. The most economically valuable minerals are crude oil, natural gas, coal, tin, and columbite (an iron-bearing mineral that accompanies tin). Nigeria possesses significant reserves of coal, but these deposits are being developed gradually.

What are natural resources in Nigeria?

Nigeria is endowed with vast reserves of mineral resources including crude oil, natural gas, tin, iron ore, coal, limestone, niobium, lead and zinc. The country’s solid mineral deposits include talc, gypsum, iron ore, lead/zinc, bentonite and baryte, gold, bitumen, coal, rock salt, gemstones, and kaolin.

How much natural resources does Nigeria have?

The country also contained 5.1trn cu metres of natural gas in 2015, accounting for 2.7% of total global reserves. However, Nigeria possesses much more than simply oil and gas. It is home to significant deposits of coal, iron ore, lead, limestone, tin and zinc.

Which state has the highest resources in Nigeria?

19. Mineral Resources Found in Kaduna state. This is one of the few states that has the highest number of natural resources in Nigeria.

What kind of energy resources does Nigeria have?

Nigeria is an energy resource, rich country blessed with a lot of resources such as solar, wind, biomass, crude oil, natural gas and coal, yet an estimated number of 60-70% of Nigerians population does not have access to electricity.

How much water does Nigeria have per year?

Nigeria is so rich in water resources that many of its 36 states are named after rivers. In addition to surface water found in nearly every part of the country, there’s also plenty stored in the ground. The country has 215 cubic kilometres a year of available surface water.

What are the main uses of coal in Nigeria?

Coal is used by the railroad, by traditional metal industries, and by power plants to generate electricity. Coal mining, initially concentrated around the city of Enugu and its environs, began in 1915. It declined after the late 1950s with the discovery of oil but subsequently increased.

How is Nigeria wasting its rich water resources?

Contaminated water is the primary cause of diseases such as typhoid fever, diarrhoea and dysentery in Nigeria. These diseases kill people and are very costly to the economy. In the Niger Delta, contamination by oil exploration activities is a big worry. It has led to declining fish harvests and loss of biodiversity.