The mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore. Rights […]
Read more →Import/Export, Wholesale And Retail Trade
Until the late 1970’s when hydrocarbon was discovered in commercial quantity in Oloibiri, present day Bayelsa state, Agriculture remained the mainstay of the economy contributing over 90% of the Gross Domestic Product (GDP) of the country as against the less than 40% it now contributes with crop […]
Read more →The palm oil plant { Elais Guinensis}, considering its three different varieties Dura, Peripheral and Tenera, produces an edible fruit similar to an apricot which has inside a nut. During the crude palm oil process that fruit’s flesh is melted through a steaming treatment. The residual nuts […]
Read more →One major achievement of the present civilian administration in the past twelve (12) years has been the revival and growth of the non-oil export market in Nigeria. Non-oil export has recorded a tremendous increase of 112.4 % in nine years spanning 2001 to 2010 with annual average […]
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