The portion of total solid minerals that contribute to the gross domestic product
Earnings in Foreign Exchange and Gross Domestic Product (GDP) of the nation
has been going downhill since since the oil and mineral reserves were discovered.
(Crude Oil) and the beginning of its use in commercial enterprises in the late 1950s.
The unhealthy dependence on the mineral has not only resulted in the development of
the gradual disregard shown for several other aspects of the economy, including
Agriculture, Mining, and Manufacturing, etc., but has also led to the development of:
fundamental inequities in the economy, with the consequence growing more severe
becoming noticeable in the 1990s.
The government has made the decision to in order to solve this issue.
investigate any other possible options that have not been considered till now.
in trying to broaden the country’s range of sources of income, this aspect has been disregarded.
In this context, the solid minerals subsector presents an attractive option.
respect, and there are evidence that if the power is appropriately channeled, the
sector has the potential to contribute significantly to the overall amount of
profits from the nation’s businesses in the 21st century