Author
Listed:
- Micah Elton Ezekiel Mike
(Department of Accounting, Air Force Institute of Technology, Kaduna)
- Ibitomi Taiwo
(Department of Business Adminstration, Nasarawa State University, Keffi, Nasarawa State)
Abstract
Evidence revealed that mineral resources are available in large quantities and distributed across the country but the strategies for exploration has been the major obstacles to the success in Nigeria. This paper therefore, studies the problem and strategies for exploration of solid mineral resources in Nigeria. The objectives of the study is to examine the problems of solid mineral in Nigeria, the strategies for exploration of solid mineral in Nigeria and the way to attract investors to the sector for optimal exploration. Based on the findings of this study, the problems of solid minerals in Nigeria are inadequate basic infrastructural, illegal mining, unfavorable laws in the sector, high capital outlay, inadequate professional in the sector and many more. The strategies that can be used for exploration of solid mineral in Nigeria should includes resource control policy, exploration of mineral resources should be private sector, the tenure of the private miners should be secured and the establishment of fund to protect the environment should be provided. The study therefore conclude that there are many problems causing the hindrance of the progress of the sector in generating revenue to the country but the strategies mentioned in this study can be used to achieve success in the sector and make it viable for investors to come in and develop the sector for optimal benefit to the nation at large.
Suggested Citation
Micah Elton Ezekiel Mike & Ibitomi Taiwo, 2020.
"Problems and Strategies for Exploration of Solid Mineral Resources in Nigeria,"
International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(7), pages 485-489, July.
Handle:
RePEc:bcp:journl:v:4:y:2020:i:7:p:485-489
Download full text from publisher
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:4:y:2020:i:7:p:485-489. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.