Global economic growth is expected to fall to 2.6% in 2024, according to UN Trade and Development (UNCTAD), which is slightly higher than the 2.5% mark that is typically linked to a recession. This year’s growth is less below the pre-pandemic rate for the third year in a row, averaging 3.2% from 2015 to 2019.
Governor Mutfwang Advocates for Increased Returns from Solid Mineral Exploration in Plateau
Governor Caleb Mutfwang of Plateau State has voiced concern over the long-standing solid mineral exploration in the state, which has yielded minimal returns. Despite billions generated from mining, only about N500 million is sometimes declared as annual revenue. He assured that his administration will take decisive steps to revitalise solid mineral exploration for improved revenue
Nasarawa Remains Key Hub for Solid Minerals and Agriculture – Chemical Engineers
The Nigerian Society of Chemical Engineers has highlighted why Nasarawa State was chosen to co-host the Society’s annual conference alongside the Federal Capital Territory (FCT), Abuja. The decision is rooted in Nasarawa’s abundant natural resources, which make it a central player in Nigeria’s solid minerals and agriculture sectors. According to an official statement, Adewumi Adesina,
What to Know About the Gemstones Found in Kaduna
Kaduna, a state in northwestern Nigeria, is rich in natural resources, including a variety of gemstones that have attracted attention both locally and internationally. The Gold and Gemstone conference and exhibition 2024 will be exhibiting 4 gemstones found in Kaduna state here is everything you need to know about them. Names and locations of the
Harnessing Nigeria’s Iron Ore Reserves for Economic Growth
Despite their potential to drive economic growth, Nigeria’s iron ore reserves, estimated at 3 billion tonnes, remain largely untapped. The country’s iron ore deposits are found in Kogi, Enugu, and Niger states, with the majority located in Kogi. The iron ore conundrum in Nigeria is multifaceted. On one hand, the country has significant reserves, but
Local Processing Required for Mining Licences
A government spokesperson said on Thursday that Nigeria will only issue new mining licences to businesses that can submit a plan outlining how solid minerals would be processed locally by newly approved rules. This is a departure from Nigeria’s long-standing practice of exporting raw commodities, as governments around Africa work to increase the value derived