Natural Resources

Nigeria is richly blessed with natural resources. It may not be out of place to describe the entire land as the lad of “good Gold”. Therefore anyone can successfully set up business in Nigeria and make it big time. All around wherever you look there are resources to be exploited for business and for profit. These resources occur naturally and only an ingenious n=mind to harvest and combine them for profitable ventures. We have herein broken the resources into nine (9) broad categories:

1.       Human Capital

2.      Vast Land

3.      Good and friendly weather

4.      Forest Trees

5.      Agricultural produce

6.      Livestock

7.      Mineral Deposits

8.      Rivers, Lakes and Ocean

9.      Talents

 

Human Capital

Nigeria’s greatest wealth is her people made up of over 167 million men and women. Nigeria has a quality population educated and trained in various skills and disciplines. Nigerians rank among the best in IT, engineering, education and the sciences. They can be found in leading sectors in leading industrial nations contributing their quarter to society’s advancement. They are also many in leading educational institutions around the world as teachers, lecturers and researchers. Companies that come to do business in Nigeria have no problem getting the required manpower to run their businesses.

 

 

 

 

 

Vast Land

 

Another advantage of Nigeria is her vast land resources for business and industry. The country boasts of more than 923 sq km of land which is about twice the size of the State of California in the USA. It is not just land but good land all the way from Lagos to Sokoto to Maiduguri to Calabar to Abuja and all the hinterland. Besides, the country has about 800 km of coastline in addition to beautifully undulating topography with a mesh of flat lands, high lands, swampy lands, sandy lands and hillside countries. It has all that you need to cite and run whatever industry you desire to set up. Take a peep at the country and you will never look back.

 

 

 

 

 

Good and Friendly weather

 

It is on record that Nigeria’s climate is one of blessed resources. The country is does not suffer from the extremes in weather conditions that are detrimental to people, work and play. The climate is tropical in nature and yet with a medley of weather conditions that just anyone from any part of the world can adapt to. The Jos plateau, Adamawa highlands and Enugu have moderated climate seemingly cool in nature.

 

 

 

The general climate varies; equatorial in south, tropical in center, arid in north. The yearly average temperature is 28% C. The temperatures are higher in the northern particularly in the dry season as compared to the north. The greatest fluctuation in temperatures is experienced in the inland areas, especially those in the northeast. Before the onset of the rains, temperatures often soar to 44° C, dropping to a significantly cooler 6° C when between December to February cool airs from the north invade the country. Average highs and lows for Lagos are 31° C and 23° C in January and 28° C and 23° C in June

 

 

 

 

 

Forest Resources

 

 

 

The Forest Tress include:

 

·         Forests in South West

·         Forests in the South – south

·         Forests in the South East

 

The forest trees include

  • Ekki
  • Iroko
  • Mahogany
  • Abora
  • Afara
  • Ebony

  

·         Nigerian walnut

  • Obeche
  • Opepe
  • Sapele
  • Teak
  • Black afara
  • Camwood

 

 

 

 

 

 

 

 

Agricultural Produce

 

The agricultural resources include food and cash crops among which are:

 

 

 

Food Crops

Cash Crops

Nigeria’s food crops include:

·         Beans

·         Cashew nuts

·         Cassava

·         Cocoa

·         Groundnuts

·         Maize

·         Melon

·         Millet

·         Palm oil

·         Plantains

·         Banana

·         Rice

·         Sorghum

·         Yams

·         Water melon

The cash crops include:

·         Beniseed

·         Cashew nuts

·         Cocoa

·         Cotton

·         Groundnuts

·         Gum arabic

·         Kolanut

·         Bitter Kola

·         Palm kernels

·         Rubber

·         Soybean

·         Yams

·         Ginger

·         Moringa