He said that “as at 2014, the contribution of the solid mineral sector to Nigerian economy was only one per cent and there was the tendency that it would
increase to five per cent in 2017 and may increase to 10 per cent by year 2020.”
The chamber boss advised that a national policy on solid minerals should be developed to clearly prescribe the pattern of development, with the roles of different sectors stated.
He disclosed that the Federal Government had identified seven strategic solid minerals to be prioritised and promoted for private participation and listed them as gold, coal, bitumen, limestone, iron ore, lead and barytes. (NAN)