NATURAL RESOURCES IN NIGERIA 2

OTHER NATURAL RESOURCES IN NIGERIA

Definition of natural resources: Natural resources can be defined as the materials nature provides and are necessary for the production of human wants or needs. They are usually associated with land. Examples are the minerals in die soil and vegetation.

Roles of Natural Resources in Nigeria

• Natural resources contribute to economic development by providing production input.
• Export of natural resources such as crude oil, ground nut, cocoa, diamond contribute to foreign exchange earnings.
• Investment in the exploitation of natural resources contributes to the growth of capital stock of the economy.
• The exploitation of natural resources creates jobs.
•  The returns from the exploitation of natural resources generate a sizeable income for the economy, e.g. royalties.
•  The natural resources promote the cultivation of crops to feed the people.

•  It creates the environment for the development of the secondary and tertiary sectors of the economy, e.g. manufacturing and tourism.

Apart from petroleum, there are other mineral resources in Nigeria. Read more of these minerals

1. RINDER PESTS
   148. NEWCASTLE DISEASE
   149. BACTERIA DISEASES
   150. ANTHRAX
   151. BRUCELLOSIS
   152. TUBERCULOSIS
   153. FUNGAL DISEASES
2. PROTOZOAN DISEASES
   155. TRYPONOSOMIASIS
   
   159. TAPE WORM
   160. ROUND WORM OF PIGS
   161. LIVER FLUKE
   162. ECTO PARASITES
   163. TICK
   
   

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1. of demand curve and used
2. advertising industry
3. factors of production
4. entrepreneur
5. joint stock company
6. public enterprises
7. private enterprises
8. limited liability companies
9. migration
10. population
11. market concept
12. money market
13. shares
14. how companies raises funds for expansion
15.  

 types