Edo State, Nigeria

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Edo State is one of the 36 states of Nigeria, located in the southern region of the country. The state's capital and largest city, Benin City, is the fourth-largest city in Nigeria, and the centre of the country's rubber industry. Created in 1991 from the former Bendel State, Edo State borders Kogi State to the northeast, Anambra State to the east, Delta State to the southeast, and Ondo State to the west. The modern borders of Edo State encompass regions that were formerly the site of various empires and kingdoms. Formed in the 11th century AD, the Benin Empire (unrelated to the modern country of Benin) is said to have been "one of the oldest and most highly developed states in the coastal hinterland of West Africa".[4] The ancient city of Edo, the site of modern-day Benin City, was home to some of the largest earthworks in the world

Quick Facts

Marble

Primary Mineral

Undisclosed

Estimated Reserves

Undisclosed

Tax Benefits

Undisclosed

Active resource businesses

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.

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