Can community-based mining support rural sustainable development objectives in Nigeria?

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 11
- File Size:
- 323 KB
- Publication Date:
- Jan 1, 2011
Abstract
Despite the abundance of solid mineral deposits, Nigeria only earns about 0.5-1% of its current Gross Domestic Product (GDP) from the solid minerals sector. This is as a result of the dominance of the oil and gas industry, which has negatively affected the competitiveness of other sectors of Nigeria’s economy. The dominance of this industry has resulted in unemployment, poverty, hunger, domestic price inflation, corruption, unstable government, and higher exchange rates. These impacts are typical for economies suffering from the effects of "Dutch Disease" and the "Resource Curse". Community-based small-scale mining offers hope as an economic activity that can create wealth, employment, reduce hunger and poverty, and provide basic amenities for rural communities with solid minerals endowment. This study presents preliminary results of ongoing research into the prospects of using community-based small-scale mining in a developing country like Nigeria to move towards rural sustainable development.
Citation
APA:
(2011) Can community-based mining support rural sustainable development objectives in Nigeria?MLA: Can community-based mining support rural sustainable development objectives in Nigeria?. Society for Mining, Metallurgy & Exploration, 2011.