Mining: Gov’t Should Make Investors Set Up Processing Plants In Nigeria – Prof. Asuquo News
The NMDC DG praised the minister of mines and steel development, Arc. Olamilekan Adegbite, for telling foreign investors interested the Nigeria’s lithium deposits that they must establish their processing plants in the country.
29bn in 2022, which, however, pales in significance to South Africa which had a GDP of N5.5 trillion in 2022 from mining in 2022.Prof Asuquo further observed that among African countries, Nigeria was earning the least value from mining with only 0.5 percent to GDP while Botwana has the highest at 38 percent, adding that with 44 mineral deposits confirmed in Nigeria by the National Bureau of Statistics , more is expected of the sector than the paltry 0.5 per cent.
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