Once a significant part of the nation’s economy, mining was abandoned by the government when oil was discovered in the 1960s, leaving the work to small-time diggers equipped with nothing but shovels and hand-powered stone crushers.
Despite the massive mineral wealth at the countries disposal, mining only accounts for 0.3% of the country’s GDP due to its huge dependency on the proceeds from crude oil.
The local mining industries are not developed, and this has greatly affected the sector, leading to the country having to import resources that can be produced in the country.
Minerals provide the materials used to make most of the things of the industrial-based society; roads, construction, fertilizers etc. Minerals are valuable natural resources being finite and non-renewable; they constitute the vital raw materials for many basic industries and are a major resource for development.
WHAT ARE MINERAL RESOURCES
Mineral resources are pure inorganic substance that occurs naturally in the earth’s crust, it is a concentration of naturally occurring solid, liquid and gaseous material in or on the earth crust in such form that its extraction and conversion into useful material is profitable to all not just for the present but also for the future. Management of mineral resources therefore has to be integrated with the overall strategy of development and exploration of the resources is to be guided by long term national goals and targets.
Our modern world is built around the use of mineral resources, and these natural endowments are needed on regular basis for developmental purposes. The rise of human population all over the world has been joined by increase in industrialization making the consumption of natural resources to increase; this has placed incredible pressure on it.
WHAT IS MINING?
Mining is the process of digging things out of the ground, the act of extracting valuable minerals and metals such as coal, gold, ore, bitumen etc from the ground with the purpose of using them.Anything that cannot be grown must be mined.
Mining things from the ground is called extraction.
Mining is very essential to the production of food, services, and infrastructure that improve the quality of our lives. As a developing society, we are fortunate to enjoy the many benefits that mineral resources help to provide because absolutely everything we depend on is made from minerals or depends on minerals for its production or distribution.
From the construction of roads, and rails, dams and bridges, to building shopping malls, and skyscrapers, stadiums, hospitals, airports from the manufacturing of cars, trucks, ships, planes or trains to the making of fertilizers for crops, animal feeds, human foods etc. Surely the importance of mining to our society cannot be over emphasized because, without the afore mentioned, there will be no transportation, and the absence of transportation definitely means there will be no any form of commercial activities at both local and global level. , .
Nigeria is one of the countries with mineral wealth in states from different region of the country.
Looking intensively into the country to know how rich the states across the federation are in mineral resources, the state that currently holds the position as the capital of natural resources is Ogun state.
According to the National Bureau of Statistics report on mining and quarrying data for 2016, Ogun state emerged as the largest producer of solid minerals in the country. The body which listed the leading type of mineral resourced being produced in the country as limestone and granite.
The state leads the Federal Capital Territory and other states in the federation by producing 16,376,547.50 metric tons which represented 37.6 % of the total tones of solid minerals produced in the country, Kogi came second by producing 12, 739, 318.65 which represents 29% and Cross River was ranked third with 2, 997, 678.73 which represent 6.89% of the solid minerals produced in the country.
Not less than ten minerals can be found in the state each of which is undeniably important to the achievement of sustainable development of our society.
Some of the resources that can be found within the state include:
Granite: Granites are used for construction purposes, such as road, buildings and so on, with the rising development of infrastructures in the state and the country at large, there will be steady demand for it both from government and individuals, since it will be needed for construction of roads, buildings, bridges and so on.
Bauxite: This is a sedimentary rock with high aluminum content; it is the world’s main source of aluminum. This is an opportunity for one to set up an aluminum company
In the state with the needed resources at hand.
Bitumen: Bitumen is used in road construction and just like granite have a steady market grow as the government is always in need of it in construction of roads. It can also be used for waterproofing product, including production of roofing felt and for sealing flat roofs.
Limestone: Limestone is used for as building materials, it can also be used for cement little wonder why Ogun is the highest producer of cement in the country with 13 million metric tons per annum. It is also used as road base, rail road ballast and it’s also used as soil conditional to neutralize acid soil (agricultural lime).
Kaolin: This natural resources is been used for medicine to cure diarrhea, dysentery,and cholera. It is also used to relief soreness and swelling inside the mouth caused by radiation treatments.
Gypsum: This can be used to manufacture cement, hardening retarder in cements, wall board, plaster of Paris, and can also be used for soil conditioning
Each of these and many others are undeniably important to our society. Thus an open ground for prospective investors who is taking a look at the mining sector to build their base in the state.