1.1
Preamble
The history of man's development is intimately linked with
searching for and utilizing the mineral resources in his
environment. Even the early trades between different tribes of the
world were based on minerals such as salt, lead, tin, copper,
silver and gold. It is therefore not difficult to establish that
minerals constitute the basis of man's industry and development
since the historic times.
The prosperity of a nation depends on the level of utilization or
development of its mineral endowment.
It is in recognition of this fact that the Voice of Nigeria has
packaged a series of presentation on the Economic Minerals of
Nigeria. Our intention is to show-case the nation's mineral
potentials with a view to sensitizing both foreign investors and
Nigerian entrepreneurs, particularly those in Diaspora, to be
aware of the available abundant mineral resources and their
attendant investment potentials in the country.
1.2 Geological Framework of Nigeria
Because minerals do not occur fortuitously but are rather related
in time and space with geological phenomena and processes, we
shall feast of all highlight the basic geological framework of the
country within which the minerals occur.
Nigeria lies between longitude 2o40'E
and 14o 40E
and latitude
4o2O'N
and 13o5O'N in
the West African sub-region which is part of the African shield,
an ancient stable continental crust. It is situated in the
tropical climatic region characterized by alternating wet and dry
seasons. It covers a land area of
923,768km2
which contains diverse rock types that can be
divided into two broad groups as follows:
(1) Hard
crystalline rocks composed essentially of the
Precambrian Basement complex
(older than 500 million years), as well as minor Jurassic Younger
Granites (about 160 million years), Cretaceous intermediate to
basic hypabyssal rocks and Tertiary to Recent volcanics; and
(ii) Sedimentary rocks
ranging in age from Lower Cretaccous(about 120 million years to Quatemary(less
than 2 million years) and overlying the Basement Complex in the sedimentary
basins.
The two groups of rocks underlie the surface area of the country in
approximately equal proportions, i.e., the crystalline rocks and the sediments,
each covers nearly half of the total area. The implication of this is that
Nigeria stands in a good stead to reap whatever the nature's bounties that are
borne by the various rock types present in its two main geological terrains.