Edo solid minerals sector has a greater capacity to generate revenue than oil. Edo has large deposits of untapped solid minerals. But with the declining revenue from oil, the Federal Government and Edo have to opt for diversification of the economy, making solid minerals one of the sectors to focus on. Governor Obaseki should make attempt to diversify the Edo economy and make it less dependent on oil as its major revenue earner. “The reduction in global crude oil prices is not expected to cease at least in the short run, thus the need to diversify the economy. One key sector which offers great potential in achieving this is the solid minerals sector.
In Edo State, for example, there are about 200 solid mineral deposits, which include; Marble, gold, granite, limestone, kaolin, gypsum, feldspar dolomite, Salena, tantalite, gemstones, quartz, bitumen, bentonite, laterite and sharp sand.
Have you worked with this government?
Help other businesses make better decisions by telling us about your experience.
Please fill out the form below and a member of our team will contact you as soon as possible