Nigeria endowed with over 44 mineral resources across 500 locations ― Nigerian Society of Engineers

The Nigerian Society of Engineers (NSE) has disclosed that Nigeria is endowed with over 44 mineral resources across over 500 locations including Coal and Gold.

The Nigerian Society of Engineers, Bwari Branch, Engr Halimat Adediran said that Oil is no longer sustainable and its price is susceptible to negative fluctuations.

She made this known during the Maiden Edition of the Annual Public Lecture entitled “Economic Diversification in the Post COVID-19 Era: Special Focus on the Sustainable Development of Nigeria’s Coal and Gold,” organised by its Bwari Branch yesterday in Abuja.

Halimat, therefore, called for concerted efforts to look towards non-oil revenue sources for economic sustainability.

Adediran noted that diversification is long overdue as it is common knowledge that the economy has moved from where it used to be.

The Chairman added that there is a need for deliberate cooperation between Industry, Academia and Practitioners in order to enhance sustainable benefits from mineral deposits in the country especially Coal and Gold.

“Nigeria is endowed with more than 44 Mineral resources in commercial quantities across over 500 locations including Coal and Gold.

“Global events in recent times have shown that Oil is no longer sustainable and its price is susceptible to negative fluctuations by a number of natural and market forces,

“The above calls for concerted efforts to look towards non-oil revenue sources for economic sustainability.

“There is a need to recognize the fact that, the economy has moved from where we used to know it and diversification has been long overdue.

“Deliberate cooperation between Industry, Academia and Practitioners is needed to enhance sustainable benefits from mineral deposits in the country especially Coal and Gold.” She said.

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