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An in-depth analysis on mining in nigeria
The economy in Nigeria has been growing slowly since the oil price slump of 2014 since then, volatility of global oil price has negatively impacted growth performance between 2000 and 2014 GDP grew at an average of 7% annually. However after the oil price slump in 2014-2016 alongside negative production shocks the GDP growth rate fell to 2.7% in 2015.

The country went into it's first recession in 25 years in 2016 and saw the economy contract by 1.6%. Like the rest of the world, Nigeria was hit by the covid-19 pandemic. Nigeria￼ recorded it's first case on the 27 February 2020. Since then, the different sectors of economy have felt the adverse effects of the pandemic. As a result of the pandemic the economy is expected to contract sharply this year. This is primarily driven by the decline in oil prices, oil production cuts and supply chain disruption. The pandemic containment measures put forward by the government have cut domestic demand drastically. The case for diversification has intensified as a result of the covid-19 induced oil price slump earlier in the year. The price of boony light Nigeria's oil blend has been highly unstable and dropped to US$22 per barrel in March.

This unexpected shock has made the economy vulnerable and forced the Nigeria government to revisit it's budget and revise it's benchmark oil price for 2020 from $57 to $25 per barrel. Futhermore the oil production curve continues to slope downward below the 2mbpd average target which was set by the government. Economic activity has also slowed down, this is as a result of declining net exports due to the disruption of global and domestic supply chains border closure to non essential trade. Limited market for exports due to fall in global demand and the devaluation of the naira which has made it more expensive to import foreign commodities.

Brief overview of the mining sector; presently
The mining industry indicates that the cluster of process that are involved with extraction, management and processing of naturally occurring solid minerals from the earth surface. As a product of mining, various economically valuable products might be obtained, that is, coal, diamond, metallic ores, oil and so on.

Nigeria strategic minerals
Nigeria is best suited to play big in the global mining sector to do this, the country needs to be strategic in it's development of minerals, mostly those needed for innovation.

Nigeria, according to the ministry of mines and steel development is endowed with 44 different mineral types that occur in commercial quantities in more than 500 locations across all the states and federal territory.

Coal, ore, iron, limestone, zinc, gold and barite are the 7 minerals which have been tagged as strategic for immediate development. The creation of these minerals as strategic, according to the ministry, to make significant contributions to Nigeria economic development. These mineral assets are available accross the federation proven reserves. He listed the mineral to include Minor metals like titanium and cobalt, which are vital to futuristic industries, nickel, aluminum, phosphorus and iron are supposed to lead the way during this decade, while copper, graphites and lithium also expected to do so good.

Limestone:
There are plenty of natural resources in Nigeria, the country is Rich with mineral resources. The most important mineral in Nigeria is limestone which is a sedimentary rock that contains grains which consists small part of marine organisms such as; corals and motluscs.

It occur in most part of the world and throughout the geologic column, in Nigeria it occur only in sedimentary basins, mainly in benue trough (lower, middle, upper), sokoto dahomy and borno (Chad) basins, limestone forming environment (shallow coastal marine condition) appear to have occurred several times in the geological history of the basins.