Business
Rail System, Key To Solid Minerals Dev – NMGS
The National President,
Nigerian Mining and Geosciences Society (NMGS), Prof. Clifford Teme, said the establishment of a good railway system in the country would boost the development of solid minerals sector.
Teme made the disclosure in an interview with newsmen on Sunday in Abuja.
He said that a good railway system would spur the country’s industrial growth, as it would provide cheap transportation for raw materials and finished goods.
He added that the country’s industrialisation process required a good transportation system that would facilitate efficient movement of raw materials to factories and finished goods to markets.
“The late 19th Century belonged to the railroads; They were of crucial importance in stimulating economic expansion but their influence has gone beyond the economy,’’ he said.
He noted that the railway system meant to service the Ajaokuta Steel Company had reached over 60 per cent completion, emphasising that the railway would also facilitate transportation of raw materials in the neighbourhood.
He said “the completion of the railway in Ajaokuta will signal the beginning of the country’s industrial revolution, particularly in the steel sector.
“We have intelligent geologists, mining engineers and metallurgists in this country who can
work in the company, so, unemployment among experts will be appreciably reduced.
“When mining properly commences in the sector, even semi-qualified persons will be employed as mining has a lot of space for everyone.’’
Teme said that no nation could experience a meaningful development without the development of its iron and steel sector.
He added that with the development of the steel sector, Nigeria would begin to think of having its own manufacturing plants.
The national president noted that if Nigeria’s steel industry was fully developed, the country would go into real manufacturing business and would be exporting cars to other countries.
Teme underscored the need to diversify the nation’s economy from oil to solid minerals, stressing that the U.S., the primary buyers of Nigeria’s crude, could stop buying the product by 2015.
“China is going to buy the whole of American oil and the U.S. has three times the oil we have in Nigeria.
“And when there is nobody to buy our oil, the national economy will be bad. It will go down and the price of crude will plummet.’’
Teme urged miners in the country to register with The Council of Nigerian Mining Engineers and Geoscientists (COMEG) to enable them to practice the profession effectively in the country.
He said “you cannot practice geosciences without being a member of COMEG. So, anybody who does not have COMEG registration number cannot practice in Nigeria.’’
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