And Nathanael said unto him, can there any good things come out of Nazareth? Then, Philip saith unto him, come and see – John 1:46
This is exactly the case of Nigeria at the moment; as there are lots of good things in the land Nigeria. But before I go into details. I will like to discuss why you should consider investing in sourcing from Nigeria.
5 Reasons To Consider Sourcing From Nigeria
- Nigeria Currency: You see, at the moment; Nigeria currency Naira is very weak compare to USD, POUNCE, EURO and the likes… So, if you are from these developed countries; it means you can get something of value for a cheap price. Imagine, $1,000 equals N367,000.
- Good Ecological System: Forget your hate for this country Nigeria; God has indeed blessed them with good soil and mineral resources.
- Good People of The Land: You see, I know this is hard to believe, but in all honesty – Nigerians are good. Yes, I understand there are bad people in Nigeria; just like we have in USA, UK, CHINA, DUBAI, INDIA, and others. But if you are fortunate to meet the good ones; you will agree with me on this.
- Nigeria In Isolation: This is the best time to invest in sourcing from Nigeria as the country has little or no connection with the outside world in terms of business. If you are ready for business; you understand the best time to buy is when it’s low – Nigeria is low now.
- Trust and Technologies: Gone are those days when someone can take your money and disappear into thin air; as there are lots of technologies to get such a person. One of such is the BVN (Bank verification number). Now, you can do business with Nigeria with peace of mind!
A Quick Interesting Facts About Nigeria Natural Resources
You can read some exciting facts about Nigerian mineral resources below:
The original discovery of coal, the popular Nigerian mineral resource, is dated 1909. It was placed in Enugu. The explorers started discovering more coal at the ogubate mine in 1918. According to the research, Nigerian coal holds a high place among the best coals in the world, due to containing a low amount of sulphur and ash. This means the Nigerian coal is eco-friendly. Nigeria has about three billion tons of coal, which are preserved in seventeen fields, and there is about 600 tons of coal reserve.
The main source of the Nigerian economy is petroleum. This resource was originally discovered in Oloibiri, Bayelsa State, in 1959. Nowadays, the whole 2.5 million barrels of oil are produced daily, and there are 180 trillion cubic metres of gas reserve.
One of the mineral resources that have the highest demand in Nigeria is rock salt. Rock salt is a combination made of table salt, caustic soda, chlorine, hydrogen peroxide, and various other materials. There is currently 1.5 million tons of rock salt preserved in Nigeria. It is estimated that there are 10 million tons of lead/zinc in Nigeria. The states that produce this material are Enugu, Abuja, Cross Rivers, Cano, and others. The east-central part of Nigeria is the richest in lead/zinc – there is about 5 million tons of this resource.
In 1979, the Nigerian national iron ore company was established. Nowadays, it is said that 3 billion tons of iron ore are available in the country. The supplies of this material are present in such states as Enugu, Abuja, Niger, and Kogi. The interesting fact is that there are two companies in Nigeria that produce steel. They do not function currently. One of them is situated in Aladja, Delta State, and the other one is located in Ajaokuta.
What about precious stones in Nigeria? Believe it or not, there are a lot of gemstones in the country nowadays, and Nigeria can be proud of them, as they are considered to be among the best in the world. The states where you most often can find the precious gemstones are Bauchi, Plateau, and Kaduna. The kinds of gemstones that can be found are ruby, emerald, sapphire, and various others. Bitumen is a material which people often use in road constructing. In Nigeria, it was explored first in 1905. Bitumen is widely used for constructing roads in the following states: Ogun, Edo, Ondo, and Lagos. The reserves of bitumen in Nigeria are large – they are twice more than the existing reserves of crude oil. Of course, they are also widely exploited.
Gypsum is the resource which helps the Nigerians to produce the cement, chalk, and POP (plaster of Paris), to use them for building. Currently, there are about 1 billion of the gypsum supplies in Nigeria. The states that produce this material are Edo, Delta, Gombe, and Kogi, along with a few others.
The mineral resource called talc can be found in the states like Kogi, Oyo, Osun, and Niger, as well as a few others. The estimated amount of Nigerian talc deposits is 4 billion tons. The only existing Nigerian talc plant is RMRDC, which stands for Raw Materials Research Development Council. The bentonite and barite are primary substitutes of the mud, which can be used for oil wells drilling. There are supposedly 700 million tons of bentonite in Nigeria, which can be found in the following states: Borno, Plateau, and Adamawa. On the other hand, the 7.5 million tons of barite can be found in Bauchi and Taraba states.
Things You Can Source In Niegria
- Cashew Nuts:
- White Dried Ponmo (JustDryFoods)
- Kola Nuts
- Bitter kola
- Sesame Seeds
- Locust Beans
- Shea butter
- Ground Nuts
- Soya Bean
- Palm Kernel
- Poultry Products
- Bitter Cola
- Coco Yam
- Iron Ore
If you need someone to help you along this; please, send us a mail and we will respond as soon as possible.
Thanks for your time