• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria attains self-sufficiency in Barite

Barite

The Matters Press by The Matters Press
April 2, 2022
Reading Time: 2 mins read
0
Nigeria attains self-sufficiency in Barite

The Federal Government says the country has attained self-sufficiency in Barite production and will no longer need to import the mineral from October this year.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Barite is a mineral that is used in the oil and gas industry. Nigeria imports about 300 million dollars’ worth of barite every year from Morocco.

The Minister of Mines and Steel Development, Olamilekan Adegbite, said this on Thursday in Abuja during the weekly ministerial briefing organised by the Presidential Communications Team.

According to the minister, the Buhari-led administration is doing everything within its powers to upgrade the mining sector.

“Thank God, in October 2021, we were able to inaugurate made in Nigeria barite only produced in Nigeria up to industrial standard and it meets international standards and is measured by the American Petroleum Institute (API).

“Since it meets all international standards, nobody has to import barite into Nigeria again from October this year, and that system is still in place and there will be one transparent platform.

“Where you put in your request from the miners to the processors and people who will bag it, everything is online.

“We are now sufficient in barite production and we can now export to places like Ghana and South Africa, where they don’t have barite and they also do exploration. At least we are closer to them than Morocco.”

On the long awaited completion of Ajaokuta Steel Company, the minister admitted that the current administration will not be able to complete the project in 2022 as earlier promised.

He identified the COVID-19 pandemic and the ongoing Russia-Ukraine war as factors frustrating the completion of the steel project.

“The Federal Government had before the pandemic, successfully convinced Russia to complete the steel facility but could not proceed with the negotiations due to what he called force-majeure brought about by the COVID-19 pandemic.

“The deal with Russia involved a two million dollar fee for technical audit required to ascertain the state of the facility before works would begin.

“President Buhari graciously approved that money and we made frantic efforts to continue the negotiations with Russia after the lockdown, but progress was stalled again due to the current conflict between Russia and Ukraine.”

Adegbite, however, noted that government would initiate irreversible processes to ensure the resumption and eventual completion of the steel facility, possibly, beyond the Buhari administration.

Fielding questions on the gold mining in Zamfara, the minister said the government had halted mining activities in the area because the conflict in Zamfara had gone beyond mining.

The minister disclosed that the Federal Government had intensified efforts against illegal mining across the country.

“We try to nip them in the bud wherever they rear their heads. With the community reporting to us, we have a quick intervention force. We can’t be proactive, it is too expensive to maintain. But we have a quick intervention force.

“If we hear any (illegal) mining happening in any nook and cranny, we move in there and dislodge them. Those that are arrested, we confiscate their equipment and they are prosecuted,’’ he said.

Tags: Barite
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
DMO releases bonds issuance calendar

Economic diversification, improved revenue will reduce debt burden – DMO

Council seeks incentives to boost indigenous ship operations

Nigeria expects 27 ships with petroleum products

Recommended Stories

Nigeria floats $4bn Eurobonds

DMO lists N225bn FGN bond for subscription by auction

May 12, 2022
NEXIM Bank Secures N10.2bn, $3.25m in Loan Recovery Drive

NEXIM Bank Secures N10.2bn, $3.25m in Loan Recovery Drive

May 5, 2022
Buhari commissions airport terminal

Airline operators urge FAAN to increase check-in counters to solve flight delays

December 17, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us