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‘Kaduna gold deposit bigger than S’Africa’s reserves’

The Kaduna State Governor, Mallam Nasir el-Rufai, on Wednesday, at the maiden economic summit of the state, said the gold deposit in the state was bigger than South Africa’s gold reserves.El-Rufai, who said there was a large gold deposit in the Birnin-Gwari Local Government of the state, explained that rather than depending on petroleum resources, the state was set...

IRON MINING AS A CATALYST FOR INDUSTRIAL REVOLUTION AND ECONOMIC DEVELOPMENT IN NIGERIAN by jerry Solomon

The importance of Iron mining to industrial growth of any nation cannot be over emphasized. Iron is the major component of steel which forms the primary raw material in the construction and fabrication industry globally and makes about 2% of the raw materials used in the electronics and non-metallurgical industries. Steel is a major fuel in the ever growing...

Rescuing Nigerian troubled Economy: FG and States outline 71 ways out

The National Economic Council retreat has come and gone. below are the highlights of the MeetingFour key areas were identified as requiring urgent attention to revive the economy, namely agriculture, power, manufacturing and housing,Below are the proposals agreed at the meeting.Theme: Nigerian States: Multiple Centres of ProsperityThe following are highlights of the just concluded NEC Retreat:1. Agreement reached for...

FG To Support Local Tiles Producers To Reduce Importation Gap

                        Mr Kayode Fayemi, Minister of Solid Minerals Development, has said that the ministry will support local marble and granite tiles producers to reduce importation gap.Fayemi told the News Agency of Nigeria (NAN) on a working visit to FUJIAN Stone Company Limited in Karu, Nasarawa State on Thursday.He reiterated...

‘$4.5b Ajaokuta Steel Mill ‘ll be completed this year’ – Dr Fayemi

Nigeria is aiming to hand over the $4.5 billion Ajaokuta steel complex to private operators this year as part of a plan to kick start its industrial and mining industries, Minister of Solid Minerals Development Dr Kayode Fayemi has said.Construction of Ajaokuta, which lies on the Niger River and was supposed to have an installed capacity of 5 million...

Nigeria discovers 44 mineral deposits in 500 locations

The Ministry of Solid Mineral Development on Tuesday said 44 different types of minerals had been discovered in 500 locations across the country.Mr Sanusi Jubril, Head of Mineral and Metal Promotion Centre of the ministry, announced this in an interview in Abuja.Jubril said the minerals could be used for industrial and domestic purposes, adding that more would soon be...

The fossil fuel conundrum: Why does the public love to hate the industry they can’t live without? by Bart Stafford

Massive and on-going advances in our lives (↑ life expectancy, ↓ hunger, ↑innovation, ↑work efficiency, etc.) can be directly correlated to the widespread commercial use of fossil fuels as they began to power the Industrial Revolution in the early 1800s. Few informed individuals would deny that the energy provided by fossil fuels is still necessary to maintain and continue...