OTHER NATURAL RESOURCES IN NIGERIA, Definition of natural resource:
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 the soil and vegetation.
List of natural resources in Nigeria
Nigeria is a country rich in natural resources, which have played a significant role in its economy and development over the years.
These resources are spread across various states in the country and serve diverse purposes, from energy production to agriculture and manufacturing.
Here is a list of 15 natural resources in Nigeria, along with the states where they can be found and their uses:
- Crude Oil:
- States: Delta, Rivers, Akwa Ibom, Bayelsa, and others in the Niger Delta region.
- Uses: Primary source of revenue for Nigeria, used for fueling vehicles, electricity generation, and as a raw material in the petrochemical industry.
- Natural Gas:
- States: Delta, Rivers, Akwa Ibom, and Lagos.
- Uses: Used for electricity generation, cooking, and as a feedstock for industries producing fertilizers, plastics, and chemicals.
- Coal:
- States: Enugu, Kogi, Benue, and Gombe.
- Uses: Historically used for electricity generation, now primarily used in the steel and cement industries.
- Bitumen:
- States: Ondo, Lagos, Ogun, and Edo.
- Uses: Used in road construction and waterproofing products.
- Limestone:
- States: Cross River, Sokoto, Benue, and Ogun.
- Uses: Essential in cement production, also used in making paper, paint, and various chemicals.
- Granite:
- States: Ogun, Lagos, Enugu, and Ebonyi.
- Uses: Used in construction for making concrete, asphalt, and building stones.
- Iron Ore:
- States: Kogi, Enugu, and Niger.
- Uses: Used in the production of steel and iron products.
- Gold:
- States: Zamfara, Kebbi, Niger, and Osun.
- Uses: Used in jewellery, currency, and electronics manufacturing.
- Tin:
- States: Plateau, Bauchi, and Jos.
- Uses: Used in the production of tin cans, solder, and alloys.
- Kaolin:
- States: Ekiti, Edo, and Ogun.
- Uses: Used in the ceramics, paper, paint, and cosmetics industries.
- Gypsum:
- States: Adamawa, Gombe, and Kogi.
- Uses: Used in the production of plaster, cement, and fertilizer.
- Tantalite:
- States: Kaduna, Kogi, and Nasarawa.
- Uses: Used in the electronics industry for capacitors and high-performance materials.
- Gemstones (Tourmaline, Sapphire, Aquamarine, etc.):
- States: Plateau, Kaduna, and Nasarawa.
- Uses: Used in jewellery and as gemstones in various industries.
- Cassava:
- States: Edo, Delta, Benue, and Ogun.
- Uses: Mainly for food production, including garri, fufu, and starch, as well as for industrial purposes like ethanol production.
- Cocoa:
- States: Ondo, Osun, Ogun, and Cross River.
- Uses: Used in the production of chocolate and various confectionery products.
These natural resources are crucial for Nigeria’s economic development, and the sustainable management of these resources is essential to ensure long-term benefits for the country.
Moreover, Nigeria continues to explore ways to diversify its economy and reduce its dependence on oil and gas exports, with a focus on developing its agricultural and mining sectors.
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, and diamond contribute to foreign exchange earnings.
- Investment in the exploitation of natural resources contributes to the growth of the 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.
Certificate of incorporation
Certificate of incorporation, which confers on the company to commence business issued by the registrar of companies, the company has put on a veil of incorporation.
The certificate is given out as a piece of evidence that all the requirements of the Act in respect of registration have been complied with company and is therefore duly registered under the Act.
It contains the name company, registration number and signature of the registrar.
The Company Act contains the effects of incorporation as the right of the company to own properties which are separated from shareholders.
Originally posted 2023-09-10 13:34:58.