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When exporting goods doesn’t make sense

When exporting goods doesn’t make sense
Photo by Dion Beetson- Ask Nigeria

Increasing our domestic processing capacity in Nigeria by reducing exportation.

Kaolinite is a clay mineral that is found in abundance in the Earth’s crust. It is mined for its valuable properties, such as its ability to be refined into kaolin. Kaolin is a white, non-toxic powder that is used in many industrial and consumer products. It is often used as a filler or thickener in products. Kaolin is also used in medicine as a filler for pills and capsules.

The mineral kaolinite is found in many countries around the world, including the United States, Brazil, China, and Nigeria. The properties of kaolinite make it an important resource for a variety of industrial applications. Kaolinite is a clay mineral with a chemical composition of Al2Si2O5(OH). It has a white or light-colored appearance and is used in a variety of industries, including the manufacture of rubber, plastics and other materials.

The demand for Kaolin has been on the rise in recent years.

With over 20 uses industrially, Kaolin Mining, refining and production is big business internationally. With such a wide spectrum of uses, you may wonder why Nigerian businesses aren’t taking advantage of this abundant market. One of the main factors is export, reducing the local supply and inflating prices.

The Nigerian made products that are on the market rely on our domestic mining supply of Kaolin. In Nigeria, Kaolin is mainly used in the production of paper, ceramics, and paint. The demand for Kaolin has been on the rise in recent years as more and more people are realizing its benefits. This has led to an increase in the price of Kaolin, which has made it more expensive to produce Nigerian made products.

The market for electric cars and batteries is growing.

Olamilekan Adegbite who is the Minister of Mines and Steel Development, has been calling to halt the export of Kaolin and is introducing measures to make this a reality. His plan to increase production and processing capabilities in Nigeria’s Bauchi region will stimulate and revive the local economy.

Included in this proposal is an increase in other mining capabilities such as rare earth minerals, Tin and Lithium. A global increase in demand for these minerals is fueled by the demand for batteries components for use in electric cars. Electric cars require a large number of batteries to function, and these minerals are all necessary for the production of strong, long-lasting batteries. The market for electric cars is growing, and with it the demand for batteries.

Goods produced in Nigeria are exported in their raw form.

Nigeria exports more raw materials than processed goods. This is due in part to the fact that Nigeria has a large amount of natural resources that can be exported, such as oil and gas. However, Nigeria also has a large population, and many of the people in Nigeria are not able to find good jobs. This means that there is not a lot of demand for processed goods in Nigeria, and so many of the goods that are produced in Nigeria are exported in their raw form. The Government is working to change this, and is investing in more factories and processing plants to create more processed goods. This will help to create more jobs and grow the economy.


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Ask Nigeria
2 months ago

When exporting goods doesn’t make senseIncreasing our domestic processing capacity in Nigeria by reducing exportation. – Express your point of view.

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