Mining resource corridor development in Nigeria: Critical considerations and actions for a diversified and sustainable economic future

Azubuike,  I. Smith; Nakanwagi, Susan; Pinto, Jaqueline

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dc.contributor.author	Azubuike, I. Smith
dc.contributor.author	Nakanwagi, Susan
dc.contributor.author	Pinto, Jaqueline
dc.date.accessioned	2023-01-05T11:14:51Z
dc.date.available	2023-01-05T11:14:51Z
dc.date.issued	2022-02
dc.identifier.citation	Azubuike, I. S. (2022) Mining resource corridor development in Nigeria: Critical considerations and actions for a diversified and sustainable economic future, Springer	en_US
dc.identifier.uri	https://pub.nkumbauniversity.ac.ug/xmlui/handle/123456789/902
dc.description	Article	en_US
dc.description.abstract	The low crude oil prices in 2019 add momentum to Nigeria’s need for economic diversification as its foreign earnings come primarily from crude oil sales. As a result, Nigeria is seeking to explore other economic potentials, such as developing a Mining Resource Corridor (MRC) to reduce poverty and assist the country’s sustained growth and development. MRCs catalyse mineral extraction, transportation, processing, and infrastructural development and integrate other sectors of the economy, thus, creating jobs and promoting economic diversification and inclusive growth. However, achieving this requires drawing up an articulated delivery mechanism through a framework strategic implementation plan to attain a strategic diversification away from hydrocarbons to minerals. This article takes an applied research approach to examine the critical considerations and actions that Nigeria should take in developing an MRC to ensure a diverse and sustainable economic future. Additionally, it discusses the lessons Nigeria can learn from two corridors in Mozambique. This study notes that the success of a MRC is a function of, among other things, a skilled and adequately strengthened institution, enabling infrastructure and the participation of communities in the decision-making process of the corridor development. It also includes the support of all levels of government and possible assistance from development partners and donor agencies such as the World Bank	en_US
dc.publisher	Springer	en_US
dc.subject	Mining Resource Corridors	en_US
dc.subject	Economic diversification ·	en_US
dc.subject	Nigeria	en_US
dc.subject	Community engagement	en_US
dc.subject	Infrastructural development	en_US
dc.subject	Sustainable future	en_US
dc.title	Mining resource corridor development in Nigeria: Critical considerations and actions for a diversified and sustainable economic future	en_US
dc.title.alternative	https://doi.org/10.1007/s13563-022-00307-5	en_US
dc.type	Article	en_US