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

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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


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