Today, Nigeria is a largely a single commodity economy with the oil and gas sector accounting for over 95% of all national revenues, with significant focus of the

government in the growth and development of this sector, consequently this sector of the economy has recorded exponential growth since the discovery of oil in 1956 .

As a result, other sectors of the economy have suffered a steady decline as seen in the performance of the solid minerals sector and its contribution to GDP.

Currently, despite significant reserves of solid minerals in all states of the federation, the sector contributes less than 1% of GDP. Great potential for economic

growth and potential to deliver tangible revenues from this sector of the economy cannot be overemphasized. This research projects highlights the following:

underutilization of the potential of solid minerals sector to contribute to the growth of the economy with particular emphasis on the export potential of charcoal,

validates the Dutch disease phenomenon highlighting its impact on Nigeria’s international competitiveness, institutional quality

Leave a Comment

Your email address will not be published. Required fields are marked *

Is this question part of your Assignment?

Get expert help

Girl in a jacket


We are a team of academic consultants with extensive experience in writing academic papers for college students in the US, Canada, UK, AU, and other parts of the world.

We help students with both technical and non-technical assignments across all majors & academic disciplines.

Unlike what our name suggests, we research and draft everything word for word. We do not use AI or any rewriting tool! We provide Turnitin reports for AI & Turnitin alongside every paper.

Need help? Send us your assignment now!

description here description here description here