Fidelity bank card banner Emerald Energy Institute Camano banner

Nigeria's population will hit 450 million by 2050 — International consultant

By Ademola Adegbite on 26/09/2018

Gmail icon

Views: 650

•Nigerians in Nigeria
•Nigerians in Nigeria

An international consultant, Mr Vitor Correia, on Tuesday in Abuja, disclosed that Nigeria has a population growth rate of 450 million people by 2050, hence, the need for the Federal Government to utilize enormous potential available in the mining sector.

He said the country was endowed with a myriad of industrial minerals spread across Nigeria, lamenting that perpetual importation of industrial mining, was among other things, affecting the nation’s economic growth.

Mr Correia, while presenting a “Roadmap on the Development of Industrial Minerals in Nigeria: And Discussion on Status Report on Proof of Concept Programme,” put together by the Federal Ministry of Mines and Steel Development in conjunction with World Bank, said mining is the sector that could provide wealth for many Nigerians.

He explained that the total estimated cost for the implementation of the project was 123 million US Dollars which would be spent over a five year period.

Also speaking, the World Bank representative, Mr Christopher Sheldon, said it was a bad news that despite the fact that Nigeria is richly endowed with industrial minerals, the country still imports over 72, 000 talc, 9, 000 barytes, 5, 000 mica and even silica sand.

He said the situation has become unacceptable as government ordered for immediate development of both the upstream and downstream linkages of the industrial mining value chain in the country.

In his keynote address, the Minister of State for Mines and Steels Development, Honourable Abubakar Bawa Bwari, said the programme was developed by the World Bank assisted Mineral Sector Support for Economic Diversification (MinDiver) project, and it would seek to facilitate competitive local production of industrial minerals commodity of required specifications by providing strategies for skilled labour development and improved access to finance.

He said other benefits include resolution of security issues, improvement in infrastructure, especially railway and the use of low energy cost that would facilitate the production of competitive industrial mineral products with the aim of attracting local users to look inwards for their sources of industrial minerals inputs.

•Sourced from a Tribune report

Source News Express

Posted 26/09/2018 04:55:41 AM

 

 

CLASSIFIED ADS

 

You may also like...
Ezekwesili celebrates rescue of girls from Boko Haram’s...

Journalism, a noble profession, not for beggars: FCTA...

VP visits Onitsha fire disaster site, says life...

Nothing must happen to Melaye - Dogara

2019 Election: Atiku’s server results fake — INEC...

Kaduna Govt. relaxes Kachia curfew; nabs 32 suspects...

How Seyi Makinde finished off Adelabu, others to...

2019: INEC earmarks N85b for logistics

Court grants EFCC leave to arraign Deziani Alison-Madueke...

HURIWA faults APC’s position on Buhari’s new cabinet...

Detained lawyer Ubani allegedly collapses in EFCC custody...

2019 Presidency: Igbo leaders in the North meet...

 

Latest News Unbeatable Abdul Titi Kone re-emerges African Freestyle Football Champion Wadume: Military, Police disagreement stalls trial of kidnap kingpin, other suspects Unknown gunmen kill traditional ruler Igbos storm United Nations over alleged marginalisation by Buhari administration Minimum wage talks deadlocked again as FG, Labour fail to reach agreement NFIU clears the air on letter seeking bank account details of senators, judicial officers Over 100 LGAs ravaged by flood in 33 states Sacked Lecturer: PUNCH Correspondent arrested over petition Xenophobia: Apologies from South Africa not enough, says HURIWA Islamic State Leader issues fresh battle cry Abuja not under any form of siege — IGP Boko Haram: Borno Governor demands more protection for Maiduguri •Details of how terror group shook UNIMAID

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (540,813 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,101 views) Shameless Genevieve Nnaji exposes breasts in public (389,396 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (326,705 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (294,690 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,650 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (249,766 views) 10 cars more expensive than Jets (238,395 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,484 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,505 views) Lagos plane crash: Journalist releases victims’ names (195,850 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,453 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,444) Business Verdict (80) Columnists (1,109) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (664) Features (812) Global Business Monitor (442) ICT Monitor (63) International (3,955) Interview (203) Live Commentary (30) Love Matters (170) Maggie's Blog (414) News (51,389) Opinion (1,359) Pidgin (17) Politics (11,447) Religion (1,102) Sports (2,168) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera