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What is the inventory state and covertibility of Nigeria natural resources?
Wiki User
∙ 15y ago
what is the inventory, state and convertibility of nigeria's natural resources
Wiki User
∙ 15y ago
Nigeria has abundant Natural Resources, including oil, natural gas, coal, and minerals. However, the inventory state of these resources may vary due to factors such as exploitation, management, and environmental concerns. The convertibility of Nigeria's natural resources refers to their potential to be economically beneficial and may involve factors like market demand, technological advancements, and government policies.
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How does Nigeria use its natural resources?
Nigeria uses its natural resources, such as oil and gas, as a significant source of revenue through exports. The country also utilizes minerals like coal and tin for industrial purposes and agriculture for food production. However, there are challenges with mismanagement and corruption that hinder effective utilization of these resources for sustainable development.
What are the similarities between Canada and Nigeria?
Both Canada and Nigeria are countries with diverse cultures and languages. They are also former British colonies and have parliamentary systems of government. Additionally, both countries are known for their natural resources, with Canada being rich in minerals and oil while Nigeria is a major oil producer.
The growth of industry in the south was not affected by?
The growth of industry in the South was not affected by the availability of natural resources, specifically iron ore, coal, and timber. These resources were abundant in the region and contributed to the development of industries such as steel manufacturing and textiles.
What is Natural resources and suggestions measures to conserve them?
the imperialism and anti imperialsim.
What natural resource contributes to the economy of nigeria?
Petroleum is the key natural resource that significantly contributes to the economy of Nigeria. The country is one of the largest producers of oil in Africa, and petroleum exports account for a large portion of Nigeria's revenue and foreign exchange earnings.
The role of natural resources in tourism development Nigeria?
the role of natural resources in tourism development Nigeria
Nigeria's Natural Resources?
Petrolium, tin, iron ore, rubber, wood, coal, and lead are some of Nigeria's natural resources
How does Nigeria use its natural resources?
Nigeria uses its natural resources, such as oil and gas, as a significant source of revenue through exports. The country also utilizes minerals like coal and tin for industrial purposes and agriculture for food production. However, there are challenges with mismanagement and corruption that hinder effective utilization of these resources for sustainable development.
Mineral resources in Nigeria?
natural gas, gold, iron ore, marble, tin, land, vegetation, columbite, lead, seas, rocks, etc are examples of natural resources in Nigeria.
What three countries have the highest natural resources available?
I gotta say Nigeria has mad natural resources. I mean JACKPOT!
What is Nigeria's major natural resource and largest export?
Nigeria's major natural resources is located in south west.
What are Nigeria's major natural resources?
The major natural resources of Nigeria are oil and natural gas. Nigeria is the 10th most petroleum-rich nation and it is #1 in the production of oil of all of the African countries! -Proud Nigerian
Why is nigeria describe as a nation of nation?
Because we ar endowed @bless wit natural resources
What natural resources do Africa lack?
The Black Continent of Africa is richly endowed with alot of natural resources. Some of the natural resources and their areas of location includes; gold (Ghana), petroleum (nigeria), diamond (sierra Leone), tin and columbite (nigeria), iron ore (Liberia), copper (mauritania), phosphates (senegal), manganese (cote d'ivoire), coal and limestone (nigeria).
What is Nigerians major resources?
Nigeria has a lot of resources. They include but are not limited to the following Petroleum natural gas Hydro power tin Columbite iron ore coal limestone lead zinc.
Are natural resources and resources the samething?
No Beacause Most Natural Resources Are Natural And The Resources That Are Not Are Just Resources
What are minerals mined in nigeria?
natural gas, coal, bauxite, vaginanite, taintalite, gold, tin, iron ore, limestone, niobium, lead and zinc.[50] Despite huge deposits of these natural resources, the mining industry in Nigeria is still in it infancy.
